Sensex, Nifty end flat as energy gains offset losses in financials

The blue-chip NSE Nifty 50 index closed 0.05% lower at 15,574.85, while the benchmark S&P BSE Sensex was unchanged.

Indian shares' recent rally was stalled on Tuesday, as gains in energy stocks, amid optimism from declining daily cases of COVID-19, were offset by losses in materials and financials. The blue-chip NSE Nifty 50 index closed 0.05% lower at 15,574.85, while the benchmark S&P BSE Sensex was unchanged. Both the indexes closed 1% higher on Monday, building up on gains posted last week. "We feel that the market has had a one-way run up and today it is pausing for breath and we can see a small correction around here because market has been moving up continuously for the last seven to eight trading sessions," said Samrat Dasgupta, chief executive of Esquire Capital Investment Advisors.