Indian Share Markets End Flat; Metal And FMCG Stocks Witness Selling

Indian share markets witnessed selling pressure during closing hours and ended today's volatile session on a flat note.

Benchmark indices slipped into the red in afternoon trade as metals, pharma, and FMCG stocks came under pressure.

At the closing bell, the BSE Sensex stood higher by 13 points. The Sensex ended at 51,540 levels, having earlier risen to as high as 51,805.

Meanwhile, the NSE Nifty ended down by 10 points.

ICICI Bank was among the top gainers today. ITC, on the other hand, was among the top losers today.

HDFC hit Rs 5 trillion in market capitalization today after its shares surged to touch a record high of Rs 2,808.75 apiece on the BSE.

SGX Nifty was trading at 15,156, down by 28 points, at the time of writing.

The BSE Mid Cap index ended up by 0.1%. The BSE Small-Cap index ended down by 0.1%.

Sectoral indices ended on a mixed note with stocks in the banking sector and finance sector witnessing buying interest.

Metal stocks and FMCG stocks, on the other hand, witnessed selling pressure.

Asian share markets ended just below a record high as mixed US economic data caused some investors to show restraint after a global stock market rally pushed many bourses to dizzying heights. The Nikkei ended down by 0.1%.

Markets in Greater China and most of Southeast Asia are closed today for the Lunar New Year holiday. China's stock and bond markets, foreign exchange, and commodity futures markets are closed through February 17 for the holiday.

European stock markets edged lower today, on track to end the second straight week of gains, as investors awaited more signs of progress in US stimulus measures.

US stock futures are trading lower today indicating a negative start for Wall Street indices. Nasdaq Futures are trading down by 27 points, while Dow Futures are trading down by 70 points.

The rupee is trading at 72.77 against the US$.

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