Sensex ends flat; IT shares fall

The BSE Sensex index ended flat on Wednesday, off the record highs hit a day earlier, as information technology (IT) outsourcing companies fell on concerns about their revenues, while investors also booked profits in recent outperformers such as ONGC. Global risk factors also weighed on shares ahead of the US Federal Reserve's policy review later in the day, and as investors still monitor developments over Crimea and Ukraine.

The Sensex ended up 0.25 points at 21,832.86, away from the record high of 22,040.72 hit on Tuesday. The Nifty closed higher 0.11 per cent, or 7.40 points, at 6,524.05, also off the all-time high of 6,574.95 in the previous day. TCS shares ended down 3.89 per cent after analysts cited the company as expressing caution about revenue growth in the current quarter at a briefing on Tuesday. Infosys shares fell 2.35 per cent.