Indian shares ended flat on Monday after a day of choppy trading and nervousness over North Korea's nuclear weapons test, dealers said. The markets opened weak and were weighed by concerns that foreign fund flows to the region could be impacted, they said.
The benchmark 30-share Sensex index fell as much as 0.9 percent early morning but recovered later to close down 6.98 points or 0.06 percent at 12,365.83. Frontline index stocks fell but mid- and small-cap stocks saw gains.
Dealers said a firmer trend could emerge later this week with the start of the second-quarter corporate earnings season Wednesday.
"No market likes uncertainty and the nuclear tests have hit sentiment across the region. We need to keep a wait and watch approach," said Andrew Holland, executive vice-president (research) at DSP Merrill Lynch.
Gainers led losers 1,671 to 855 on volumes of 33.62 billion rupees (735 million dollars).
Index heavyweight Reliance Industries fell 0.77 percent or 8.95 rupees to 1154.1 rupees.
Private sector Tata Steel fell 1.96 percent or 10.5 rupees to 526.3 rupees, on concerns of growing competition in the buyout of Anglo-Dutch steel firm Corus.
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