Sensex, Nifty Struggle For Direction In Early Trade
(RTTNews) - Indian shares struggled for direction in early trade on Thursday ahead of a slew of U.S. data due later in the day that could offer fresh insights into the Fed's rate trajectory.
The benchmark S&P BSE Sensex was down 70 points, or 0.1 percent, at 71,752 while the broader NSE Nifty index was down 17 points at 21,823.
NMDC soared 6 percent after reporting 62 percent growth in quarterly net profit.
Other PSU stocks such as Coal India, NTPC, BPCL and Power Grid Corp rose 1-2 percent. Paytm parent One97 Communications tumbled 4 percent after reports that the Enforcement Directorate (ED) is probing its subsidiary Paytm Payments Bank.
Mahindra & Mahindra rallied 4 percent after Q3 net profit jumped 60 percent year-on-year.
Private banks traded weak, with IndusInd Bank, ICICI Bank, Kotak Mahindra Bank and Axis Bank all falling over 1 percent.
Thai Shares May Tick Lower Again On Monday
Japanese Market Modestly Higher
Indonesia Bourse May Extend Losing Streak
Hong Kong Shares May See Continued Consolidation On Monday
Australian Market Slightly Higher
China Bourse: Resistance Expected At 3,700 Points
Lower Open Predicted For Taiwan Stock Market
