Sensex, Nifty close flat; Tata Sons raises $1.39 bn by selling TCS shares

The broader NSE Nifty closed little changed on Tuesday with losses in IT stocks such as Tata Consultancy Services offsetting gains in financials such as Axis Bank Ltd.

The NSE index ended almost flat at 10,426.85, while the benchmark BSE Sensex slipped 0.18 percent to 33,856.78.

Shares in Tata Consultancy Services fell 5.4 percent. Parent Tata Sons raised 90 billion rupees ($1.39 billion) from an enlarged block of shares in flagship TCS, IFR reported, citing people with knowledge of the sale.

Axis Bank closed 2.4 percent higher.