Sensex, Nifty Little Changed; IT Stocks Drift Lower
(RTTNews) - Indian shares were little changed on Wednesday as investors anxiously awaited domestic and U.S. inflation prints for directional cues.
The benchmark S&P BSE Sensex was up 31 points at 81,541 in early trade, while the broader NSE Nifty index was up 21 points at 24,631.
Grasim, Nestle India, Britannia Industries, Tata Consumer Products and UltraTech Cement rose 1-2 percent in the Nifty pack while IT stocks such as Tech Mahindra, Wipro and HCL Technologies were down between half a percent and 1 percent.
NTPC Green Energy rallied 2.5 percent after bagging a 500 MW solar project order from Solar Energy Corporation of India (SECI).
Maruti Suzuki India added half a percent after saying it will use multiple technologies to reduce carbon emissions.
Indian Overseas Bank jumped 2.3 percent after receiving an income tax refund of Rs 1,359.29 crore pertaining to the assessment year 2015-16.
HG Infra Engineering soared 3.2 percent on bagging a Rs. 763-crore order from the transport ministry.
U.S. Dollar Falls Against Most Majors
German Inflation Accelerates To 2.2% In August
Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings
Swiss Market Ends Modestly Lower
European Stocks Close Lower On Geopolitical Tensions
U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
Chicago Business Barometer Slumps Much More Than Expected In August
