Sensex, Nifty Struggle For Direction Ahead Of Macro Data; IT Stocks Surge
(RTTNews) - Indian shares struggled for direction on Thursday ahead of domestic CPI inflation and industrial output figures due out later in the day.
The benchmark S&P/BSE Sensex was up 27 points at 81,553 in early trade while the broader NSE Nifty index was down 7 points at 24,635.
IT stocks traded higher, with Infosys, TCS, Wipro and Tech Mahindra rallying 1-2 percent.
Reliance Power jumped nearly 5 percent after it formed a new arm for renewable energy business.
Reliance Infrastructure climbed 2 percent. The Supreme Court has issued a contempt notice to its subsidiary Delhi Airport Metro Express Pvt Ltd over non-refund of dues. Jubilant Foodworks tumbled more than 3 percent after the Group agreed to acquire a 40 percent stake in Hindustan Coca-Cola Holdings.
State Bank of India shares dropped half a percent. The state-run has invited counter bids from entities interested in acquiring bad debt of Rs 52,074 crore in Jaiprakash Associates (JAL) through a Swiss challenge auction.
Shriram Finance edged down slightly after completing the sale of its entire stake in its housing finance subsidiary.
NZ Dollar Advances Against Majors
Australian Dollar Rises Against Majors
European Shares Seen Mostly Lower Before US Inflation Data
Sensex, Nifty Struggle For Direction In Early Trade
Australian Market Swings To Modest Gains In Mid-market
Asian Markets Mixed Amid Caution Trades
Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers
