Sensex, Nifty end flat after hitting record highs

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Benchmark indices ended the day flat after hitting record highs with the Sensex and the Nifty seeing some selling after Friday's stupendous rally.

The Sensex ended the day lower by 5 points, while the Nifty gained 1.95 points in trade. Leading the set of losers from the indices were auto stocks which fell after a poor set of sales volumes for the month of Oct. Stocks like Mahindra and Mahindra, Maruti Suzuki and Hero Motor Corp led declines.

Sensex, Nifty end flat after hitting record highs
Shares in Gas Authority of India fell a huge 5 per cent after the stock was downgraded by a brokerage firm.

Nifty stocks that saw some buying interest in trade were HDFC, ICICI Bank and Sesa Sterlite. Real estate stocks continued their superb run with stocks like Unitech, HDIL and Indiabulls among the top gainers in trade.

PSU Banking stocks also had a good run with Syndicate Bank and IDBI Bank being among the winners.

Dabur India ended the day higher after the company quarterly numbers were better than expected. Ashok Leyland also saw some buying interest after sales volume for the month of October came in better than expected.

Meanwhile, markets across Europe were trading with marginal losses, while most of Asia ended the day lower.

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