Indian shares ended almost flat on Monday, after hitting record highs earlier in the session, as blue chips such as Bharti Airtel Ltd fell on profit-taking, though Tata Motors Ltd rallied on strong earnings expectations. However, the slide came after the barometer 30-scrip Sensitive Index (Sensex) of the BSE touched its new record intra-day high.
The benchmark BSE Sensex rose 122 points to hit an all-time high of 33,853.63, while the Nifty gained 33.95 points to 10,485.75 in early trade.
Brokers said investor sentiments remained upbeat on the back of better-than-expected Q2 earnings numbers posted by most of bluechip companies so far and a firming trend at other Asian markets.
In terms of the broader markets, the BSE mid-cap closed higher by 0.46 per cent and the small-cap index gained 0.31 per cent.
"The market had hit fresh high in intraday trade riding on hopes that the government may announce measures to help traders and small businesses in the next GST council meeting that begins on Thursday", he added.
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On Friday last week, provisional data with the exchanges showed that foreign institutional investors sold scrip worth Rs 9,690.84 crore whereas domestic institutional investors purchased stocks worth Rs 33.40 crore.
Except consumer durables, all the sectoral indices, led by infrastructure, IT, banking and realty were trading in the positive territory, with gains of up to 1.01 per cent.
At 10.35 a.m. the S&P BSE Sensex traded 65.65 points or 0.19 percent lower.
However, YES Bank (down 3.18 per cent), Hindustan Petroleum Corporation (down 2.28 per cent), Bharat Petroleum Corporation (down 2.26 per cent), Indian Oil Corporation (down 2.11 per cent), UPL Ltd (down 1.30 per cent), Reliance Industries (down 1.24 per cent), Indiabulls Housing Finance (down 1.02 per cent) and Bajaj Finance (down 0.99 per cent) were among the top losers.