Markets end flat amid range-bound trade

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Back home, the BSE mid-cap index was down by 1.17 per cent, while the small-cap index fell 1.15 per cent. Intra-day, it surged 6.39 per cent to Rs 1,287.75 - its 52-week high. However, Bank Nifty continued its positive uptrend supported by strong gains in Kotak Mahindra Bank and HDFC Bank.

The banks market valuation moved up by Rs 8,953.55 crore to Rs 2,39,603.55 crore following surge in the stock.

The NSE Nifty index ended marginally lower after volatile trading on Wednesday, while the BSE Sensex was almost flat, as IT stocks and public sector lenders weighed on sentiment but auto stocks rose, boosted by strong monthly sales.

The stock has been rising for the fifth straight session, surging 7.75 per cent.

The net profit is lower from Rs 2,474 crore reported in the year-ago period (as per Indian Accounting Standards) as there was a one-time benefit from tax reversal in the January-March 2017 quarter.

Cubs slip past Rockies in series opener
Roark (2-2) allowed two runs on six hits, struck out four and induced two double-play grounders for his first win since April 2. After Ian Desmond flied out, Charlie Blackmon blooped an RBI single into center and Arenado hit a tiebreaking double.


Banks asset quality improved as the gross non-performing assets (NPAs) came down to 1.95 per cent of the gross advances as on March 31, 2018 from 2.25 per cent by the end of 2016-17.

Meanwhile, India's manufacturing sector improved marginally in April on surge in new business orders and favourable demand conditions amid easing inflationary pressures, a monthly survey showed today. Investors are looking ahead to Federal Reserve meeting and to China-U.S. trade talks later in the week.

Financial markets were shut yesterday on account of "Maharashtra Day".

In other Asian markets, Hong Kong's Hang Seng was down 0.47 percent while Japan's Nikkei shed 0.32 percent in early trade.

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