Stock market today: Sensex, Nifty 50 end flat; Reliance share price hits a fresh record high

Stock market today: Indian stock market benchmarks—the Sensex and the Nifty 50—closed flat on Monday, July 8, as gains in shares of heavyweights such as ITC, Reliance Industries, Infosys and ONGC were offset by losses in those of HDFC Bank, Titan, and Mahindra and Mahindra amid mixed global cues.

The tug of war between bulls and bears continued as investors bought stocks with attractive valuations and booked profits in those trading at a premium.

The Sensex opened at 79,915 against its previous close of 79,996.60 and traded in the red for most part of the session. The index finally closed 36 points, or 0.05 per cent, lower at 79,960.38. On the other hand, the Nifty 50 opened at 24,329.45 against its previous close of 24,323.85 and closed 3 points lower at 24,320.55.

(More to come)