MUMBAI:
After remaining range bound on the weekly expiry day on May 11, benchmark indices settled nearly flat even as the US inflation worries reduced. Though, some buying was seen in the broader market.
The majority of sectors traded in sync with the benchmark and ended flat, however, selective buying in banking, financials and FMCG kept the traders busy.
The Nifty 50 index declined 0.1 percent or 18.10 points to 18,297. BSE flagship Sensex dropped 35.68 points or 0.06 percent to 61,904.52.
Shares of Larsen & Toubro on Thursday tumbled over 5 per cent after the company said its non-executive chairman A M Naik has decided to step down from the post and will become the chairman emeritus. The stock fell 5.29 per cent to settle at Rs 2,241.65 on the BSE. During the day, it tanked 5.42 per cent to Rs.2,238.45. At the NSE, it tumbled 5.09 per cent to end at Rs.2,244.
The company’s market valuation declined by Rs.17,582.57 crore to Rs.3,15,059.92 crore.
