June 8, 2018 / 6:34 AM / a year ago

Nifty, Sensex recover from early losses to end flat

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, February 26, 2016. REUTERS/Shailesh Andrade/Files

(Reuters) - Indian shares ended largely flat on Friday as losses in both indexes on account of profit-booking were capped by gains in Sun Pharmaceutical Industries Ltd after its Halol plant received Voluntary Action Indicated (VAI) status from the U.S. health regulator.

The broader NSE Nifty closed down 0.01 percent at 10,767.65, while the benchmark BSE Sensex ended 0.05 percent lower at 35,443.67.

Both indexes posted their third straight weekly gain, with the NSE index climbing 0.67 percent and BSE rising 0.61 percent for the week.

Shares of Sun Pharmaceutical Industries Ltd closed 8 percent higher after the U.S. Food and Drug Administration issued VAI status to the drugmaker’s Halol plant, boosting confidence that the company would soon obtain clearance for the plant.

Reporting by Jessica Kuruthukulangara in Bengaluru, Editing by Sherry Jacob-Phillips

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