AGL 6.90 Increased By ▲ 0.45 (6.98%)
ANL 9.77 Increased By ▲ 0.07 (0.72%)
AVN 76.82 Decreased By ▼ -0.78 (-1.01%)
BOP 5.49 Increased By ▲ 0.06 (1.1%)
CNERGY 5.05 Increased By ▲ 0.08 (1.61%)
EFERT 79.83 Increased By ▲ 2.58 (3.34%)
EPCL 57.48 Increased By ▲ 1.99 (3.59%)
FCCL 15.30 Decreased By ▼ -0.06 (-0.39%)
FFL 6.48 No Change ▼ 0.00 (0%)
FLYNG 7.34 Decreased By ▼ -0.13 (-1.74%)
GGGL 10.75 Increased By ▲ 0.30 (2.87%)
GGL 16.94 Increased By ▲ 0.55 (3.36%)
GTECH 8.30 Decreased By ▼ -0.07 (-0.84%)
HUMNL 6.45 No Change ▼ 0.00 (0%)
KEL 3.02 Increased By ▲ 0.09 (3.07%)
LOTCHEM 29.15 Increased By ▲ 0.81 (2.86%)
MLCF 28.30 Increased By ▲ 0.22 (0.78%)
OGDC 76.53 Increased By ▲ 2.68 (3.63%)
PAEL 15.87 Increased By ▲ 0.32 (2.06%)
PIBTL 5.43 Increased By ▲ 0.08 (1.5%)
PRL 17.69 Increased By ▲ 0.30 (1.73%)
SILK 1.08 Increased By ▲ 0.01 (0.93%)
TELE 10.82 Decreased By ▼ -0.14 (-1.28%)
TPL 8.60 Increased By ▲ 0.79 (10.12%)
TPLP 21.19 Increased By ▲ 1.53 (7.78%)
TREET 23.80 Decreased By ▼ -0.05 (-0.21%)
TRG 127.50 Increased By ▲ 0.60 (0.47%)
UNITY 23.10 Increased By ▲ 0.04 (0.17%)
WAVES 11.63 Increased By ▲ 0.08 (0.69%)
WTL 1.14 No Change ▼ 0.00 (0%)
BR100 4,174 Increased By 48.3 (1.17%)
BR30 15,806 Increased By 310.9 (2.01%)
KSE100 41,518 Increased By 366.7 (0.89%)
KSE30 15,562 Increased By 142.1 (0.92%)
Follow us

BENGALURU: Indian shares ended little changed on Wednesday, as losses in technology stocks offet most of the gains in metals, while investors looked ahead to U.S. inflation data for clues on the pace of rate hikes from the Federal Reserve.

At close, the NSE Nifty 50 index was up 0.06% at 17,534.75, and the S&P BSE Sensex fell 0.06% to 58,817.29. The benchmark indexes swayed between gains and losses after hovering in early trade at near four-month highs hit in the previous session. Indian markets were closed on Tuesday for a holiday.

“We are seeing some sort of cautiousness in domestic equities because of the strong U.S. jobs data last week increasing probability of a bigger-sized rate hike by the Federal Reserve,” said Shrikant Chouhan, head of retail equity research at Kotak Securities.

The market is likely to remain range-bound as investors look for the U.S. Consumer Price Index numbers, which will come in the evening, he added.

In Mumbai trading, Nifty’s metal index closed 1.62% higher after scaling three-month highs earlier in the session.

Indian companies swapping dollar for Asian currencies to buy Russian coal

Hindalco Industries closed 4.4% higher and was the top Nifty 50 gainer. The aluminium and copper producer reported a near 48% jump in quarterly profit.

State-run coal miner Coal India rose 2.1% ahead of its quarterly earnings.

Nifty IT index, countering some of the gains, was the worst-performing sector and closed 0.89% lower, suffering a second straight session of loss.

Meanwhile, a Reuters poll showed that India’s retail inflation likely eased in July due to a fall in food and fuel prices but stayed well above the Reserve Bank of India’s upper tolerance limit for a seventh consecutive month. The domestic Consumer Price Index data is due on Friday.

Globally, equities markets were rattled on Wednesday as investors were reluctant to place bets ahead of U.S. inflation data later in the day.

Comments

Comments are closed.