Sensex, Nifty End Little Changed Ahead Of US Inflation Test
(RTTNews) - Indian shares fluctuated before ending little changed on Tuesday as traders closely monitored escalating violence in Syria and awaited key U.S. inflation readings this week that could influence the Fed's rate trajectory.
The benchmark S&P BSE Sensex ended the session up 1.59 points at 81,510.05 while the broader NSE Nifty index closed down 8.95 points at 24,610.05.
IT stocks and financials edged higher, with Infosys, Wipro, HCL Technologies, Bajaj FinServ and Shriram Finance climbing 1-2 percent.
On the losing side, HDFC Life, Adani Enterprises, Adani Ports, Dr Reddy's Laboratories and Bharti Airtel all fell over 1 percent each.
Recently listed Waaree Energies surged 5.7 percent after it won an order for the supply of solar modules up to 1 GW.
Vodafone Idea shares ended little changed despite the company's board approving a Rs 1,980 crore preferential issue aiming to strengthen the company's financial position. The Indian rupee hit another record low of 84.8575 against the dollar as change of guard at the Reserve Bank of India raised expectations of a shift in the central bank's monetary policy. Market participants now expect a rate cut in the upcoming monetary policy in February.
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