Share Market Today: Indian stock markets (Sensex and Nifty) ended flat on Tuesday with BSE Sensex closing down 26 points and NSE Nifty settling below 11,400 following the sustained downtick in Reliance Industries, Adani Ports and SBI shares. The markets traded well below the all-time highs achieved earlier today up until mid-morning deals. BSE Sensex falling 290 points from the record peak and NSE Nifty slipping below 11,360-mark.
Shares of India’s second-largest PSU bank PNB fell more than 8% after the Nirav Modi fraud hit bank reported a loss of Rs 940 crore in Q1 FY19. Shares of Adani Ports were the biggest drags on Sensex and Nifty. Adani Ports stock tumbled more than 6% on weak Q1 FY19 results. Indian equity markets reversed most of its gains after beginning at fresh record highs. BSE Sensex and NSE Nifty slipping well below their respective all-time highs achieved today.