The stock market closed flat.

Mumbai:

The local stock market could not maintain the initial gains on Tuesday and both the benchmark indices BSE Sensex and NSE Nifty closed with almost stable trend.

Investors preferred booking profits after the recent rally amid a weak trend in global equity markets.

The 30-share BSE Sensex was in profit for most of the time during the trading.

But in the end could not retain the advantage.

Before the end of trading, it closed at 61,761.33 points with a slight decline of 2.92 points amid fluctuations.

The National Stock Exchange's Nifty also closed at 18,265.95 points with a slight gain of 1.55 points, or 0.01 percent.

ITC, State Bank of India, Bajaj Finance, NTPC, PowerGrid, ICICI Bank, Kotak Mahindra Bank and UltraTech Cement were major losers in Sensex companies.

On the other hand, gainers included IndusInd Bank, Tata Consultancy Services, Axis Bank, Mahindra & Mahindra, Tata Motors, HCL Technologies, Asian Paints, Wipro, HDFC and Maruti.

In other markets of Asia, South Korea's Cospi, China's Shanghai Composite and Hong Kong's Hangseng were in loss while Japan's Nikkei was in profit.

There was a downward trend in early trade in major markets of Europe.

There was a mixed trend in the US market on Monday.

According to stock market data, foreign institutional investors remained net buyers on Monday.

He bought shares worth Rs 2,123.76 crore.

Meanwhile, global oil benchmark Brent crude declined by 0.88 per cent to trade at $76.33 per barrel.




(This news has not been edited by NDTV team. It is published directly from syndicate feed.)