Markets end flat amid lack of major cues; Nifty holds 9,650

The Nifty PSU Bank pared losses to end flat after falling as much as 1.05%

Benchmark indices settled the day flat with Nifty50 trading near 9,650 amid lack of any strong global and domestic cues. Shares of IT companies rose following overnight rebound in US technology stocks, while banks fell after the Punjab state government waived farm loans.
 
Gains were erased in the second half of trade as investors stayed on the sidelines after Finance Minister Arun Jaitley in a press conference today confirmed GST will be officially rolled out on the midnight of June 30. “Expects the size of formal economy to increase under GST but one must be prepared for short-term challenges,”