Sensex, Nifty end mostly flat; metal, PSU banks gain

File photo. Photograph:( Reuters )

Reuters New Delhi, India Nov 18, 2019, 04.15 PM (IST)

Indian shares ended mostly flat on Monday, with gains in metal stocks and public sector banks offsetting losses in IT and auto stocks.

The NSE Nifty 50 index ended mostly unchanged at 11,888, while the S&P BSE Sensex closed 0.1 per cent lower at 40,316.

"Some people who bought at lower levels are booking profits," said Alok Ranjan, head, portfolio management services with Way2Wealth Brokers.

"After gaining so much in the past month, the market is trying to consolidate around the present levels," he added.

The Nifty main index has risen over 12 per cent since mid-August, after hitting a 6-month trough.

The Nifty public sector bank index gained 1.43 per cent, while the Nifty metals index rose 1.63 per cent.

Shares of Bharti Airtel ended up 4.1 per cent and was the top gainer in Nifty 50, while Yes Bank shares fell 4.20 per cent to end as top loser.

Story highlights

The NSE Nifty 50 index ended mostly unchanged at 11,888, while the S&P BSE Sensex closed 0.1 per cent lower at 40,316.