Sensex ends flat in choppy trade; Fed meet outcome in focus

Sensex ends flat in choppy trade; Fed meet outcome in focus

The benchmark Sensex of the Bombay Stock Exchange (BSE) gained almost 200 points in early trade today only to turn cautious ahead of the US Federal Reserve policy announcement scheduled later in the day.

The gauge later lost momentum to slip to 35,072.42 on profit-booking in recent gainers.

The broader NSE Nifty shuttled between 10,784.65 and 10,689.80, before ending 21.30 points, or 0.20 per cent, lower at 10,718.05.

Private sector lender Kotak Mahindra Bank on Monday posted a rise of over 27 per cent in consolidated net profit at Rs 1,789.24 crore for the quarter ended March 31. The gauge had gained 659.09 points in the previous three sessions on the back of widespread gains triggered by encouraging corporate results.

Foreign institutional investors sold scrips worth Rs 385.47 crore, while the domestic institutional investors purchased stocks worth Rs 261.98 crore, provisional data available with BSE showed.

Real Madrid 2 v Leganes 1 - story of the match
Real Madrid managed a slender 2-1 win over Leganes in a hard-fought derby at the Santiago Bernabeu. Leganes' Darko Brasanac scored a goal off a cross by Nordin Amrabat at minute 66.

On NSE, shares of the company went up by 3.77 per cent to close at Rs 1,256.85.

Tracking the Nifty Index Options, option writing was witnessed in major out of the money strikes with 10800CE and 11000CE adding ~2.7 lakh shares and ~3.62 lakh shares respectively, while 10500PE added 8.22 lakh shares. Investors are looking ahead to Federal Reserve meeting and to China-U.S. trade talks later in the week.

Financial markets was shut yesterday on account of "Maharashtra Day". France's Paris CAC 30 rose 0.22 per cent and Germany's Frankfurt gained 1.28 per cent. London's FTSE was up 0.55 per cent.

In other Asian markets, Hong Kong's Hang Seng was down 0.47 percent while Japan's Nikkei shed 0.32 percent in early trade.

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