Indian shares end flat after hitting record highs

MUMBAI, June 10 (Reuters): Indian shares ended flat on Tuesday after hitting record highs for the third consecutive session as gains in defensive stocks such as healthcare and technology were offset by profit-taking in the broader market.
Investors took profits in recent outperformers such as Oil and Natural Gas Corp., while recent underperformers such a Infosys Ltd saw some buying interest.
However, the sentiment remained upbeat as investors are optimistic ahead of the newly formed Modi government's first Union budget, expecting promises on the revival of the domestic economy.
Overseas investors, who have been supporting the rally in the Indian market, bought shares worth $90.83 million on Monday, in a sixth straight session of buys. FIIs have bought Indian shares worth $9.4 billion so far this year.
"The outlook is positive and there is nothing that warrants a sell-off. However, we advise our clients to be stock specific. We do expect some more upside from the current levels," said Daljeet S Kohli, head of research at brokerage IndiaNivesh.
"Investors will be waiting for the Union budget, which would be the next big trigger and the first documentation of what the new government will be doing," he added.
The benchmark BSE index ended 0.01 per cent higher at 25,583.69, while the broader NSE index closed up 0.02 per cent at 7,656.40.