Equity benchmark indices closed flat on Thursday after volatile trading, as metal stocks wiped out gains in telecom and auto scrips.
The BSE S & P Sensex closed merely 22 points at 38,607, while the NSE Nifty 50 gained 12 points at 11,597. At the National Stock Exchange, the Nifty Metal Index closed 1.2 percent lower, with Vedanta slipping 3.8 percent and Tata Steel by 1.2 percent.
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Indiabulls Housing Finance, Bharti Airtel, Bajaj Finserve, Bajaj Auto, and Dr. Reddy Labs were among the gainers.
However, Sun Pharma, Powergrid, Tech Mahindra, and Axis Bank lost.
Meanwhile, Asian stocks were mostly in the red amid worries over the global economic outlook and trade protectionism.
The International Monetary Fund cut its global growth outlook to 3.3 percent in 2019, the lowest level since the 2008 financial crisis.
US President Donald Trump has threatened new tariffs on goods from the European Union even as the US-China trade dispute remains unresolved.
