Sensex, Nifty Give Up Early Gains
(RTTNews) - Indian shares gave up early gains to trade on a flat note Monday amid escalating trade tensions with the United States.
The benchmark BSE Sensex was up 25 points at 79,883, giving up early gains. The broader NSE Nifty index was little changed at 24,366.
Among the prominent gainers, SBI and Trent both rose around 2 percent.
Tata Motors gained over 1 percent despite Q1 profit plunging 62 percent from last year.
HPCL, BPCL and IOCL were up between half a percent and 1 percent after the Union Cabinet approved a compensation package of Rs. 30,000 crore for them to offset under-recoveries on the sale of domestic LPG.
ICICI Bank dropped half a percent after hiking minimum balance for new savings accounts opening from August 1.
Voltas plummeted 6 percent on reporting a 58 percent fall in first-quarter profit. Siemens tumbled 2.6 percent after reporting a marginal decline in its quarterly profit.
Manappuram Finance and Dhampur Sugar Mills both declined around 1.5 percent on disappointing results.
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