MUMBAI Oct 18 Indian shares ended flat as Infosys fell a recent uptick on the stock was unjustified given concerns over its business outlook, while Mahindra & Mahindra rose to an all-time high on expectations for improving sales during the festival season.
Infosys provisionally fell 1.3 percent, while Mahindra & Mahindra rose 3.3 percent after earlier hitting a record at 942.40 rupees.
The BSE index provisionally fell 0.05 percent, while the 50-share NSE index ended flat. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article