India's benchmark BSE index snapped two sessions of losses and ended higher on Thursday while the broader NSE index cut early losses to close flat, helped by a recovery in financials towards the second half of the trading session. The NSE index ended unchanged at 8,615.25 while the BSE index reversed losses to close 0.3 percent higher at 27,915.90. The Nifty October Futures closed at 8616.20 on the day of derivatives contracts expiry.
Tata Consultancy Services, Tata Steel and Tata Motors were headed for a third straight session of declines after an internal letter sent by ousted chairman Cyrus Mistry highlighted potential writedowns to group companies in India's salt-to-software conglomerate due to poor investments.