Sensex, Nifty End Choppy Session On Flat Note

Indian shares fluctuated before closing lower on Thursday to snap their two-day winning streak.

Weak global cues weighed on sentiment as a bill compelling the United States to support pro-democracy activists in Hong Kong spurred fresh concerns about an anticipated "phase one" trade deal between the U.S. and China.

The benchmark S&P BSE Sensex dropped 76.47 points, or 0.19 percent, to 40,575.17, while the broader Nifty index ended down 30.70 points, or 0.26 percent, at 11,968.40.

PSU stocks were in focus after the government approved stake sales in five state-run companies. BPCL slumped 6 percent and Shipping Corporation of India lost 6.8 percent.

Yes Bank tumbled 3.1 percent on news that its founder Rana Kapoor has been now left with just 900 shares of the private sector lender.

Telecom majors ended lower despite the Union Cabinet approving two years' moratorium on spectrum payment dues. Bharti Airtel declined 2.4 percent and Vodafone Idea lost 5.7 percent.

Commodity-related stocks such as Tata Steel and Coal India fell more than 3 percent each on concerns that the Phase 1 trade deal between the U.S. and China may not be reached within this year.

Zee Entertainment Enterprises shares surged nearly 12 percent after promoter Essel Group said it was planning to sell 16.5 percent stake in the company to financial investors in order to repay loan obligations to certain lenders of the group.

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