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Indian markets ended the session on a flat note. The BSE Sensex ended at 18,539.89, up 33.32 points (0.18 per cent) and the NSE Nifty ended at 5,630.90, up 4.3 points (0.08 per cent).
Domestic sentiment was hit as the all-party meeting convened today to discuss FDI in retail was inconclusive as the parties failed to reach a consensus. Hence, the Government has convened a meeting of the UPA tomorrow.
TECK index was up 1.29 per cent, followed by IT 1.15 per cent and Consumer Durables 1.13 per cent. On the other hand, PSU index was down 0.59 per cent, followed by Bankex 0.42 per cent and Auto 0.35 per cent.
Top five Sensex gainers were Wipro, Sterlite, Bharti Airtel, Tata Steel and Infosys, while the top five losers were M&M, BHEL, Sun Pharma, HDFC Bank and GAIL.
American markets were up by about 1.3 per cent each, while European markets were marginally down. There were mixed cues in the Asian markets.
European stocks fell ahead of the Euro Zone finance ministers meeting later in the day to decide on the next tranche of aid to debt-stricken Greece. Asian shares were up.
Investors were also concerned about looming tax increases and huge spending cuts in the United States, with analysts fearing they could lead to another slowdown in the world’s biggest economy.
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