Source: IANS

The Indian benchmark indices ended flat today as the stock markets turned to a consolidation phase due to the absence of major triggers to support the current premium valuation in the near term, prompting investors to book some profits.  

The Sensex closed at 79,960.38 points, or 36.2 points down while the Nifty closed at 24,320, just 3.3 points down.

Top Nifty gainers were ONGC, ITC, HDFC Life, HUL and Tata Consumer Products, while losers were Divis Labs, Titan Company, BPCL, and Shriram Finance.

The BSE midcap and smallcap indices ended marginally lower.

According to market watchers, the earnings season is around the corner, and the initial expectation is subdued. With stable input prices and ongoing price cuts, the period of margin expansion appears to be concluding, which is likely to affect earnings and valuations.

The rupee ended flat at 83.50 per dollar today compared to July 5 close of 83.49.

(This story is taken from a syndicated feed and was only edited for style by Gujarat Samachar Digital staff)

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