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Sensex closes flat in choppy trade

By IANS,

New Delhi : A benchmark index for Indian equities closed on a lacklustre note in largely volatile trade Tuesday.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,049.19 points, closed at 18,061.8 points (provisional), 11.02 points or 0.06 percent up from its previous close at 18,050.78 points.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty also edged up 0.05 percent at 5,420.95 points.

Broader markets indices did moderately better, with the BSE midcap index closing 0.7 percent up and the BSE smallcap index trading 0.4 percent higher.

Banking stocks were the top gainers with leading stocks like HDFC Bank and some PSU banks rising after most banks raised lending rates incorporating key interest rate hike by the Reserve Bank of India in July.