Sensex, Nifty End Flat; Telecom & FMCG Stocks Drag

Indian share markets witnessed volatile trading activity today and ended on a flat note.

Benchmark indices scaled fresh lifetime highs earlier in the day before turning volatile ahead of the expiry of December series derivative contracts.

At the closing bell, the BSE Sensex stood higher by 5 points. Meanwhile, the NSE Nifty ended up by 1 point.

HDFC was among the top gainers today. TCS, on the other hand, was among the top losers today.

SGX Nifty was trading at 14,014, up by 36 points, at the time of writing.

The BSE Mid Cap index ended up by 0.2%. The BSE Small-Cap index ended higher by 0.4%.

Sectoral indices ended on a mixed note with stocks in the realty sector and consumer durable sector buying interest.

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

Both benchmarks, Sensex and Nifty logged their highest annual gains since 2017 and ended with double-digit gains for the second straight year. The BSE Sensex and NSE Nifty surged 16% and 15%, respectively, in 2020.

News on vaccine development and measures from global central banks to cushion the economic fallout from the crisis have helped the indexes log annual gains.

Asian stock markets ended on a positive note after the announcement of a trade deal with the European Union.

Official data released today also showed activity in China's service and factory sector expanding in December.

The Nikkei ended down by 0.5% while the Shanghai Composite ended higher by 1.7%. The Hang Seng ended up by 0.3%.

US stock futures are trading flat. Nasdaq Futures are trading up by 3 points, while Dow Futures are trading down by 45 points (down 0.1%).

European shares fell today as lockdowns and rising COVID-19 cases overshadowed the optimism around the rollout of vaccines in the New Year.

The rupee is trading at 73.05 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 50,190 per 10 grams.

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