India, May 6 -- Indian shares gave up early gains to end on a flat note Monday amid signs of escalating tensions in the Middle East.
Markets opened on a buoyant note earlier as Friday's data showing weak U.S. job growth and contraction in U.S. services sector activity for the first time since December 2022 spurred expectations for Fed rate cuts later in the year.
Higher levels attracted profit booking as talks of a Gaza ceasefire appeared to collapse and media reports suggested that Israel's armed forces have begun evacuating Palestinian civilians from Rafah ahead of a threatened assault on the southern Gazan city.
The benchmark S&P BSE Sensex ended the session up 17.39 points, or 0.02 percent, at 73,895.54, giving up most early gains as...