Indian shares were little changed on Tuesday, tracking mixed global cues and amid caution ahead of GDP numbers for the first quarter due later in the day.
The benchmark 30-share BSE Sensex was up 54 points, or 0.1 percent, at 56,944 in early trade after climbing about 1.4 percent to close at a record high the previous day. The broader Nifty index was up 7 points at 16,938.
IT stocks jumped, with TCS, HCL Technologies and Tech Mahindra rallying 1-2 percent.
Bharti Airtel rose 1.5 percent to extend gains from the previous session on fund raising news.
Automakers were moving lower, with Tata Motors down 1.6 percent and Mahindra & Mahindra losing 1 percent.
Jindal Steel & Power dropped half a percent after its board approved a proposal to raise funds of up to $1 billion (about Rs 7,347 crore).
BPCL was moving lower after reports that financial bids for the government’s entire stake in the fuel retailer-cum-refiner BPCL will come in after September.
Maruti Suzuki edged down slightly. The car maker is all set to increase the prices of its vehicles from September.
Market Analysis
Sensex, Nifty Little Changed In Lackluster Trade
2021-08-31 04:18:39
