Sensex, Nifty muted after all-time highs, IT slips [Reuters]
Vedanta Limited American Depositary Shares (Each representing four equity shares) (VEDL)
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Source: Reuters
Sensex, Nifty muted after all-time highs, IT slips | Reuters 2 Min Read (Reuters) - Indian stock indexes were muted on Wednesday, following record-setting gains in the previous two sessions, as losses in IT stocks offset an advance in energy and materials shares. The NSE Nifty was down 0.01 percent at 11,737.05, while the benchmark BSE Sensex was unchanged at 38,897.17. The rupee on Wednesday touched a record low of 70.4675 to the dollar, tracking weakness in Asian peers along with strong month-end dollar demand back home. The NSE Nifty has been setting successive record highs for the past two months, while the BSE Sensex has been Asia’s top performer this year even when accounting for the rupee’s decline. “The correction is nowhere close to a concern in terms of the long-term growth story. Minor corrections should not be viewed as anything serious or a reversal,” said Gaurang Shah, head investment strategist, Geojit Financial Services. Among materials stocks, copper and aluminium pro
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