Share Market Update: Sensex, Nifty end flat amid mixed cues; Yes Bank, Infosys, RIL top losers

Amid mixed cues from domestic and international markets, equity benchmark BSE Sensex ended marginally lower where as the NSE Nifty ended in green going past 11,900 mark.

Experts believe that the mood of the market was subdued amid rising uncertainty over trade talks between the US and China. (Image: PTI)

Share Market Update: Amid mixed cues from domestic and international markets, equity benchmark BSE Sensex ended marginally lower where as the NSE Nifty ended in green going past 11,900 mark. After plunging over 300 points during the day, the BSE gauge pared most losses to settle 15.45 points, or 0.04 per cent, lower at 39,741.36. The index hit an intra-day low of 39,461.27 and a high of 39,800.81. The broader NSE Nifty inched up 7.85 points, or 0.07 per cent, to close at 11,914.05. During the day, the index touched a low of 11,817.05 and a high of 11,931.35. YES Bank was the biggest loser in Sensex pack for the second consecutive session, going below 12.96 per cent, after Moody's placed the private sector lender's ratings under review for a possible downgrade. Shares of IndusInd Bank, Infosys, Maruti, Vedanta, Hero MotoCorp, Tata Motors, ONGC and RIL too fell up to 4.96 per cent. In today's session top gainers included PowerGrid, M&M, Kotak Bank, Bajaj Finance, Bharti Airtel and HDFC twins, rising up to 1.54 per cent. Experts believe that the mood of the market was subdued amid rising uncertainty over trade talks between the US and China. Reports stated that shares of cash strapped airlines Jet Airways slumped 18 per cent to closer near all time low after the National Stock Exchange (NSE) said that the air carrier would soon no longer be trading in derivatives market and even day trading in the stocks would also be barred. NSE stated that this is being done in order to curb speculative trading in the troubled company. However, losses were capped as investors took positive cues from factory output numbers, released after market hours on Wednesday. India's industrial output grew to a six-month high of 3.4 per cent in April mainly on account of improvement in mining and power generation, while retail inflation spiked to a seven-month high of 3.05 per cent in May, though remaining within the RBI's comfort level. Elsewhere in Asia, while Shanghai Composite Index rose marginally, Hang Seng, Nikkei and Kospi ended in the red. On the other hand, stock exchanges in Europe were trading in the green in early deals. On the currency front, the Indian rupee depreciated 16 paise to 69.51 against the US dollar intra-day. Brent crude futures, the global oil benchmark, rallied 3.54 per cent to USD 62.09 per barrel, amid conflicting reports of an attack and an accident involving two oil tankers in the Gulf of Oman.