Indian shares ended little changed on Thursday as losses in IT stocks, pressured by a strong rupee, marginally outweighed gains in the financial sector. The broader NSE index ended 0.06 percent lower at 10,380.45, while the benchmark BSE index closed mostly flat at 34,431.97. IT stocks were battered by a stronger rupee. Software services exporter Infosys Ltd, which closed 2.9 percent weaker, was the biggest drag on the index.
Yes Bank Ltd, which closed 8.5 percent firmer, was the top percentage gainer on the NSE index. Industrial conglomerate Larsen & Toubro Ltd rose 2.3 percent to its best close since Sept. 26 after posting solid quarterly results. Indian markets faced a tumultuous October, weighed down by a range of issues, including liquidity concerns and a public spat between the country's government and the central bank. The NSE index on Wednesday registered its worst monthly fall since February 2016.
"Now, in the absence of triggers, the market will be fundamentally directionless for a short period," said Jayant Manglik, president-retail distribution at Religare Broking.
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