Sensex Nifty ends in red after tepid session

The Indian markets ended on a flat note at the end of a highly lackluster day as investors pondered about a reduction in the US economic growth and slowdown in China. Weak IIP data, disappointing Infosys results and double-digit inflation also continued to weigh down the sentiment.



As a result, the benchmark Indian stock indices started on a dull note and went on to lose further ground as the day progressed. But, some buying momentum emerged in the last hour of trade which saw the BSE Sensex end above the 17900 levels.

The Government said today that food inflation inched up in the early days of July while fuel inflation moderated.

"Sentiment was hit after food inflation inched closer to the 13% mark. However, fuel prices saw some respite. In addition, weak cues from the Asian and European markets also played spoilsport", says Amar Ambani, Vice President, Research IIFL.

Finally, the Sensex marginally lost 28 points to end at 17,909 while the NSE Nifty edged lower by 7 points at 5,379.