Sensex, Nifty flat as consumer goods losses offset gains in banks

The NSE Nifty 50 index rose 0.01% to 14,407.7 by 10:42 am, while the S&P BSE Sensex dipped 0.03% to 47,061.2.

Indian shares were little changed on Friday as gains in public bank stocks were pared by losses among consumer goods companies, while the country reported another record increase in its daily COVID-19 cases. The NSE Nifty 50 index rose 0.01% to 14,407.7 by 10:42 am, while the S&P BSE Sensex dipped 0.03% to 47,061.2. Total cases of the novel coronavirus in India rose by another record of 332,730, while a record 2,263 people had died in the last 24 hours, as hospitals struggled to arrange oxygen supplies and intensive care beds for patients.