Indian indices ended on a flat note after a volatile session on Tuesday as gains in heavyweights Bajaj Finance, HDFC and SBI were capped by losses in metals and financial sectors. Meanwhile, India's manufacturing PMI coming in at an 8-month low also weighed on the sentiment.

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The Sensex ended 2 points lower at 51,935 while the Nifty fell 8 points to settle at 15,575.

Broader markets were mixed for the day with the midcap down 0.1 percent and smallcap index down 0.6 percent.

On the Nifty50 index, Adani Ports, ONGC, Bajaj Finance, SBI and HDFC were the top gainers while JSW Steel, Tata Steel, ICICI Bank, Grasim and Asian Paints led the losses.

Among sectors, Nifty Metal lost nearly 0.8 percent while Nifty Bank and Nifty Auto were down 0.5 percent and 0.4 percent, respectively. However, Nifty IT and Nifty FMCG ended in the green.

Steel stocks were under pressure after global brokerage Morgan Stanley in a report said that steel prices are likely to be hiked in the first week of June. Also, the potential easing of restrictions on steelmaking in Tangshan China weighed on the sentiment.

IRB Infrastructure Developers (IRB Infra) rose 3.5 percent after HDFC MF picked up a 0.7 percent stake in the firm.

(Edited by : Pranati Deva)

First Published:Jun 1, 2021 3:34 PM IST