Indian shares pared early gains on Monday as China reported disappointing trade data, with both exports and imports contracting in October.
The benchmark S&P BSE Sensex was up 83 points, or 0.1 percent, at 61,034 after having hit a high of 61,401 earlier in the day. The broader NSE Nifty index was up 40 points, or 0.2 percent, at 18,17.
Britannia Industries soared 9 percent after its second quarter profit beat expectations.
State Bank of India jumped nearly 4 percent after posting its highest ever quarterly profit.
Dr Reddy’s Laboratories fell more than 1 percent on news it has earmarked a capex of around Rs. 1,500 crore for FY23.
Reliance Industries edged down slightly on reports it would acquire German retailer METRO AG’s Cash & Carry business in India in a deal estimated at around 500 million euros (Rs. 4,060 crore).
InterGlobe Aviation slipped half a percent after its Q2 net loss widened.
Maruti Suzuki India gained 1 percent after unveiling its capex plans for current fiscal.
Bank of Baroda soared 11 percent on reporting a 59 percent jump in quarterly net profit.
Titan Company declined 1.7 percent despite posting 33 percent growth in Q2 profit.
Market Analysis
Sensex, Nifty Pare Early Gains On Weak China Trade Data
2022-11-07 04:25:34
