Markets Erase Early Gains as Sensex, Nifty Close Flat

Meanwhile, the Indian rupee opened little changed at 68.99 against the US dollar.

Image used for representational purposes. 

(Photo: Reuters)

Sensex and Nifty finished flat on Thursday, 25 July, after the benchmark equity indices lost early gains.

The 30-share BSE index closed on 37,830.98, losing 16.67 points while the broader 50-share NSE Nifty finished on 11,261.75, down 9.55 points.

The markets had opened on a positive note in the morning trade, with Sensex gaining almost 100 points. However, it slipped in the red in the afternoon and markets closed with losses for the sixth straight session.

According to traders, besides tracking firm global cues, benchmark indices rallied on gains in index heavyweight HDFC and HDFC Bank stocks.

Investors are also upbeat ahead of the expiry of July futures and derivatives contracts, they said.

On a net basis, foreign institutional investors sold equities worth Rs 1,393.71 crore, while domestic institutional investors purchased shares to the tune of Rs 2,140.26 crore, provisional data available with stock exchanges showed on Wednesday.

Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading in the green in their respective early sessions.

Equities on Wall Street too ended on a positive note on Wednesday.