Sensex slightly down at 31,283.64; continues strong show

Broader Nifty closed below its psychological mark of 9,650 at 9,633.60.

Update: 2017-06-21 10:49 GMT
Despite gains in April, the regional index was still trading at a discount to the MSCI All Country World index's forward P/E of 15.2, suggesting Asian stocks were still cheaper than global peers.

Mumbai: Indian stock markets ended flat on Wednesday as consolidation continued. Sensex gained over 2 per cent in last one month and 7.25 per cent in last three months, NDTV report said.

The benchmark 30-share index dropped 13.89 points to end at 31,283.64 level while broader Nifty closed below its psychological mark of 9,650 at 9,633.60. Nifty was down 19.90 points or 0.20 per cent at closing hours.

In the morning, the BSE Sensex opened marginally lower tracking weakness across other Asian shares. It had fallen by a larger 104 points during the day.

Late buying in banking heavyweights like HDFC Bank, SBI and FMCG shares like Hindustan Unilever helped it recover most of the lost ground, NDTV report said.

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