Indian shares gave up early gains to turn flat on Monday, tracking weak cues from other Asian markets.
The benchmark 30-share BSE Sensex edged down marginally to 52,924 after hitting as high as 53,126 earlier in the day. The broader NSE Nifty index was up 5 points at 15,866.
ONGC rallied 2.6 percent as oil hovered around 2-1/2 year highs on expectations demand growth will outstrip supply and OPEC+ will be cautious in returning more crude to the market from August.
NTPC advanced 1.4 percent. The company said it is targeting 60 GW renewable energy capacity by 2032.
Adani Ports climbed 1.6 percent on news it is expanding cargo operations.
Tata Consumer Products gained 1.4 percent. The company is looking to strengthen its distribution footprint both on the traditional and e-commerce platforms.
DLF edged up slightly after saying it has sold 551 independent floors in Gurugram for over Rs 1,200 crore.
Shree Reunka Sugars jumped 5 percent. The company plans to invest Rs. 450 crore to expand ethanol capacity.
Sensex, Nifty Give Up Early Gains
2021-06-28 04:36:01
