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WSJ:Indian Shares End Flat; Software Firms Fall as Rupee Gains
 

By Gurdev Singh Virk

MUMBAI--Indian shares ended flat Wednesday after a choppy trading session, with software companies declining on the back of a strengthening rupee.

The Bombay Stock Exchange's S&P BSE Sensex index closed 4.76 points lower at 20420.26 after trading between 20348.06 and 20482.67.

The National Stock Exchange's 50-share Nifty index ended 2 points lower at 6057.10.

Trading volume on the Bombay Stock Exchange's cash segment totaled 18.28 billion rupees, lower than the recent average daily turnover of 21.45 billion rupees.

Six of the BSE's 13 sector indexes ended lower, with the information technology sector index falling 0.7% while the fast-moving consumer-goods index gained 1%.

Wipro declined 1.1% to 469.90 rupees, while peer Infosys ended 0.7% lower at 3,295.65 rupees.

Short covering helped some blue chips close higher. Cigarette maker ITC, the company with the biggest weighting in the benchmark index, gained 1% to 314.05 rupees. Tata Motors, the owner of Jaguar and Land Rover brands, closed 2.3% higher at 399.25 rupees.

Dealers said economic-growth data for the July-September quarter, due Friday after the market's close, will set the tone for subsequent market direction.

The rupee traded higher against the U.S. dollar Wednesday. In late-session trading, the dollar was at 62.18 compared with a close of 62.50 on Tuesday.
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