AVN 63.94 Decreased By ▼ -1.02 (-1.57%)
BAFL 29.95 Decreased By ▼ -0.30 (-0.99%)
BOP 4.64 No Change ▼ 0.00 (0%)
CNERGY 3.88 No Change ▼ 0.00 (0%)
DFML 13.40 Decreased By ▼ -0.15 (-1.11%)
DGKC 40.64 Decreased By ▼ -1.56 (-3.7%)
EPCL 47.01 Increased By ▲ 1.20 (2.62%)
FCCL 10.99 Decreased By ▼ -0.42 (-3.68%)
FFL 5.05 Decreased By ▼ -0.12 (-2.32%)
FLYNG 5.76 Decreased By ▼ -0.04 (-0.69%)
GGL 9.78 Decreased By ▼ -0.26 (-2.59%)
HUBC 61.85 Decreased By ▼ -1.45 (-2.29%)
HUMNL 5.66 Decreased By ▼ -0.09 (-1.57%)
KAPCO 27.52 Decreased By ▼ -0.31 (-1.11%)
KEL 2.14 Increased By ▲ 0.01 (0.47%)
LOTCHEM 24.23 Decreased By ▼ -1.10 (-4.34%)
MLCF 20.78 Decreased By ▼ -0.79 (-3.66%)
NETSOL 83.19 Decreased By ▼ -1.80 (-2.12%)
OGDC 86.27 Increased By ▲ 0.04 (0.05%)
PAEL 10.78 Decreased By ▼ -0.14 (-1.28%)
PIBTL 4.11 Decreased By ▼ -0.12 (-2.84%)
PPL 76.26 Decreased By ▼ -2.26 (-2.88%)
PRL 13.66 Increased By ▲ 0.04 (0.29%)
SILK 0.88 Decreased By ▼ -0.01 (-1.12%)
SNGP 40.86 No Change ▼ 0.00 (0%)
TELE 5.87 Decreased By ▼ -0.13 (-2.17%)
TPLP 15.61 Decreased By ▼ -0.39 (-2.44%)
TRG 109.97 Decreased By ▼ -1.73 (-1.55%)
UNITY 13.80 Decreased By ▼ -0.19 (-1.36%)
WTL 1.14 Increased By ▲ 0.01 (0.88%)
BR100 3,967 Decreased By -58.9 (-1.46%)
BR30 14,185 Decreased By -217.7 (-1.51%)
KSE100 39,871 Decreased By -579.3 (-1.43%)
KSE30 14,898 Decreased By -212.2 (-1.4%)
Follow us

BENGALURU: Indian shares flitted between gains and losses on Thursday, with weakness in Wipro and Tata Motors countering robust moves in technology stocks after Infosys and Tata Consultancy Services reported strong third-quarter results.

The NSE Nifty 50 index rose 0.03% to 18,215.55 by 0449 GMT, while the S&P BSE Sensex added 0.01% to 61,147.87. Still, both the indexes are up roughly 5% this year so far.

"We had a good run in the lead up to IT results, and investors are now reviewing things; as more earnings come in, moves are going to be reactionary instead of (being) proactive," said Anand James, chief market strategist at Geojit Financial Services.

Indian shares rise as banking and auto stocks boost

Tech giants Infosys and Tata Consultancy Services jumped around 1.5% each. Infosys on Wednesday lifted its revenue outlook for the financial year 2022, while TCS reported a 12.3% rise in quarterly profit.

However, rival Wipro slid 5.5% and was the top percentage loser on the Nifty 50 index after it posted a near flat net profit.

Car maker Tata Motors slid 1.63% and was among the top drags after it said retail sales at its luxury car unit had fallen nearly 14% in the third quarter.

Nifty's Metal index extended gains to a second session and advanced 2.5%, led by 4% rise in Tata Steel . Meanwhile, India recorded 247,417 new COVID-19 cases, the most since late-May.

"We are largely more prepared, compared to earlier waves, and as such it is not taking the market by surprise. However, it could emerge as a drag on the risk appetite," James said.

Vaccine maker Bharat Biotech said on Wednesday a booster shot of its COVID-19 vaccine neutralises both the Omicron and Delta variants of the coronavirus.

Separately, data on Wednesday showed that India's consumer price rises in December moved closer to the upper limit of Reserve Bank of India's target.

Comments

Comments are closed.

Indian shares struggle for direction; Wipro drops over 5%

Rupee closes at fresh low of 269.63 against US dollar as the great fall continues

Pakistan facing adverse consequences of Ukraine conflict: FM Bilawal

Islamabad Court sends Fawad to jail on judicial remand

UAE president’s visit to Islamabad postponed over ‘bad weather’

Sheikh Rashid’s Lal Haveli residence sealed over ‘illegal occupation’

Asif Ali Zardari sends legal notice to Imran Khan over ‘assassination’ remarks

Abu Dhabi’s IHC plans to invest $381mn in Adani Enterprises

KSE-100 falls over 500 points in aftermath of Peshawar blast

Inflation to cross 30% as rupee depreciation, petrol prices bite: report

Oil steadies as rate hikes loom, Russian flows stay strong