Nifty Ends At Record High; IndusInd Bank, HCL Tech Top Gainers

Gains in TCS, Kotak Bank, L&T, HCL Tech, ITC and IndusInd Bank were offset with losses in HDFC, HDFC Bank, Hindustan Unilever, Infosys and Tata Steel.

The Indian equity benchmarks ended on a flat note after hitting record highs earlier in the session as investors booked at fresh all-time highs. The Sensex rose as much as 305 points and Nifty 50 index touched an all-time high of 17,438.55. Gains in Tata Consultancy Services, Kotak Mahindra Bank, Larsen & Toubro, HCL Technologies, ITC and IndusInd Bank were offset with losses in HDFC, HDFC Bank, Hindustan Unilever, Infosys and Tata Steel. The Sensex advanced 69 points or 0.12 per cent to close at 58,247.09 and Nifty 50 index 25 points to close at record high of 17,380. Buying was visible across the board as eleven of 15 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Media index's 14 per cent jump. Media index surged after Zee Entertainment rallied a whopping 40 per cent after top investors at the firm sought the removal of its chief executive Punit Goenka from the board. Auto, Information Technology, Private Bank and Consumer Durables indexes also rose around 1 per cent. On the other hand, FMCG, Metal and select financial services shares witnessed selling pressure.