Shares flat as HDFC weighs, Muthoot Finance falls

Indian shares ended flat on Monday, as losses in top non-banking finance company HDFC countered gains in information technology and energy stocks, while top gold financing company Muthoot Finance fell after the death of its chairman.

Indian shares ended flat on Monday, as losses in top non-banking finance company HDFC countered gains in information technology and energy stocks, while top gold financing company Muthoot Finance fell after the death of its chairman. The blue chip NSE Nifty 50 index added 0.12% to close at 14,956.20, while the benchmark S&P BSE Sensex gained 0.07% to close at 50,441.07. Both indexes had gained as much as 1.2% earlier in the session. Market sentiment also tracked global shares, which were mixed as initial optimism over the U.S. Senate's passing of a $1.9 trillion stimulus bill gave way to inflation fears.