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Stock impact report

Nifty, Sensex muted as investors eye fresh triggers; IT stocks drag [Reuters]

HDFC Bank Limited (HDB) 
Company Research Source: Reuters
Nifty, Sensex muted as investors eye fresh triggers; IT stocks drag - Reuters 2 Min Read (Reuters) - Indian shares were little changed on Thursday, with gains seen in financials and energy shares, while IT stocks dragged, as investors awaited fresh triggers amid the ongoing national election. The broader NSE Nifty was flat at 11,748.05 as of 0639 GMT, while the benchmark BSE Sensex rose 0.11 percent to 39,076.38. The markets were shut on Wednesday on account of a public holiday. “Negative sentiment from global markets and ongoing election is keeping markets cautious. Inflow from institutional investors has also slowed down, which is leading to this kind of subdued market,” said Siddhartha Khemka, head of retail research at Motilal Oswal Securities. Financials accounted for nearly one-third of the gains on the NSE Nifty. HDFC Bank, the top boost, gained as much as 1.6 percent. Oil-to-telecom giant Reliance Industries was second in line, adding up to 1.5 percent. Among gainers, Containe Show less Read more
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