Sensex, Nifty End On Flat Note

( - Indian shares fell from a record high to end marginally lower on Friday, dragged down by banking and FMCG stocks.

The benchmark S&P BSE Sensex hit a fresh record high of 36,740.07 in early trade before giving up all gains to end the session down 6.78 points at 36,541.63.

The broader Nifty index also reversed early gains to end down 4.30 points at 11,018.90.

Grasim, ONGC, Axis Bank, Infratel and Zee Entertainment Enterprises fell 3-5 percent in the Nifty pack, while Reliance Industries, Bajaj Finance, BPCL and Titan Company climbed 2-4 percent.

Infosys rose 2.2 percent before unveiling its Q1 results. Fortis Healthcare advanced 3.4 percent after the company accepted a binding investment offer from Malaysia'sIHH Healthcare Bhd.

Cinema theatre operator PVR slumped as much as 12.7 percent after reports that moviegoers in Maharashtra will soon be allowed to carry food items in multiplexes.

Globally, other Asian markets extended gains from the previous session amid easing trade tensions after U.S. Treasury Secretary Steven Mnuchin said the U.S. could reopen trade talks if Beijing was milling to make serious efforts to make structural changes. Better-than-expected Chinese exports data also offered some support.

European stocks also advanced and remained on track for a second week of gains as China refrained from detailing retaliation plans against the latest U.S. tariffs.

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