Sensex, Nifty end flat but at new closing highs; broader markets fall

S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%

Frontline indices pared intra-day gains to end flat but still at new closing highs for the second consecutive day. Nifty50 breached 9,800 for the first time ever in intra-day backed by surge in technology and auto stocks.
 
Sentiment was also lifted as investors expect inflation for the month of June to be at record low which could lead to a rate cut in the next monetary policy review. Easing further from May’s 2.18%, Consumer price inflation for June is predicted to cool to 1.70%, below the RBI's medium-term target of 4% for the eighth successive month, according to a