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Markets End on Flat Note, Nifty Edges Past 11,900-Mark

Benchmark equity indices closed flat on Wednesday, 3 July, even as both Sensex and Nifty managed to stay in the green.

30-share BSE Sensex gained 22.77 points to close at 39,839.25, while the broader 50-share NSE Nifty finished at 11,913.35, up a minor 3.05 points.

Among sectors, the Nifty PSU Bank sub-index zoomed close to 2 percent during the day while Nifty IT lost more than a percent.

Among scrips, IndusInd Bank, ITC and Larsen & Toubro emerged as the top gainers.

According to traders, investors were cautious ahead of the Union Budget, scheduled for Friday.

Domestic investors followed cues from other Asian equities which remained volatile amid fears of a global economic slowdown amid weakening global manufacturing growth, they said.

Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading on a negative note in their respective early sessions. Bourses on Wall Street ended higher on Tuesday.

Fall in GST collections, slow progress of monsoon too weighed on market mood here, traders added.

The Indian rupee opened higher at 68.85 against the greenback versus previous close 68.93 on Wednesday.

Meanwhile, Asian shares traded little changed after the US issued a list of European products that could face additional tariffs.

(With inputs from BloombergQuint.)

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