Experts said the higher pay out will boost consumption demand.
The Nifty ended flat at 5,320. BSE market breadth remained positive through the day. Out of 2,978 stocks traded, 1,569 advanced while 1,298 declined.
The earnings are, however, expected to be down around 2 per cent on a sequential basis due to pent-up demand getting exhausted and the adverse impact of rising metals and energy prices on consumer goods and manufacturing companies.
Banks, FMCG, IT, Auto, Capital Goods, Realty, Consumer Durables, Healthcare, Metal, PSU & Oil have ended negative in varying degrees while no sector has ended in positive territory.
The NSE Nifty settled at 5,257, down 17 points. The market breadth was negative, out of 2,982 shares traded, 1,796 declined and 1,051 advanced on the BSE.
The NSE Nifty gained 25 points at 5259. The market breadth was strong. Out of 2974 stocks traded on the BSE, there were 1920 advancing stocks as against 982 declines.
While OnePlus 8 and 8 Pro were launched in April, the devices were not brought into the Indian market given the lockdown.
Flat steel producers -- SAIL, Tata Steel, Essar, Bhushan Steel and JSW -- have increased prices up to Rs 2,000 a tonne on the back of rising demand.
Consumer durables player, Panasonic India, plans to set up its first manufacturing unit in India. It has shortlisted three locations for the factory -- Chennai, Pune and Gurgaon -- and is soon expected to take a final call in this regard.
Consumer durables major Videocon Industries' subsidiary Datacom Solutions, which has received telecom licences to begin pan-India operations, is planning to commence network rollout starting August 15 and services by year-end, becoming one of the first newcomers to launch operations.
The NSE Nifty closed flat at 5,169. The market breadth was positive. Out of 2,934 stocks traded on the BSE, there were 1,773 advancing stocks as against 1084 declines.
The Nifty closed at 5,187, up 10 points. The market breadth was strong. Out of 2901 stocks traded on the BSE, there were 1859 advancing stocks as against 965 declines.
India's industrial output rose by 10.3 per cent in October against 0.1 per cent in the same month last year.
The Rs 30,000-crore consumer durables market is expected to rake in more money this summer on the back of rising mercury levels.
With economic activities gathering pace post easing of lockdowns across the country, hiring activities in most sectors have shown significant recovery in October over the previous month, says a report. On yearly basis, however, the overall hiring was down by 17 per cent in October, according to the Naukri JobSpeak Index for October' 2020.
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