Shares were largely unchanged on Monday as a weak rupee boosted IT stocks, but losses in financials and auto stocks capped the gains.<\/p>\n
The broader NSE Nifty was down 0.02 percent at 10,583.15 as of 0631 GMT, while the benchmark BSE Sensex was 0.11 percent lower at 35,121.57.<\/p>\n
In broader Asia, stocks slipped as signs of softening demand in China rekindled anxiety about the outlook for world growth.<\/p>\n
Several factors, including the uncertainty around liquidity of non-banking financial companies, upcoming elections and ongoing corporate earnings, are bound to keep the market volatile, said Siddharth Sedani, head of equity advisory at brokerage firm Anand Rathi.<\/p>\n
Investors were also cautious ahead of October\u2019s inflation data. A Retuers poll found retail inflation likely slowed to its slowest pace in 12 months in October after food and fuel costs fell, keeping the official consumer prices gauge below the central bank\u2019s medium-term target for a third consecutive month.<\/p>\n
Shares of software services exporters Infosys Ltd climbed 2.4 percent, while those of larger rival Tata Consultancy Services Ltd rose 1.4 percent.<\/p>\n
Tech Mahindra Ltd\u2019s stock jumped 3.4 percent.<\/p>\n
Jeweller Titan Company Ltd, up 4.2 percent, was the top percentage gainer on the NSE index. The company reported strong quarterly revenue growth on Friday.<\/p>\n
Oil marketing company Hindustan Petroleum Corp Ltd was the top loser, with shares falling as much as 4.1 percent as crude prices rebounded.<\/p>\n
Shares in Tata Motors Ltd, owner of Jaguar Land Rover (JLR), slipped 3.4 percent to a one-week low after JLR total retail sales fell 4.6 percent in October.<\/p>\n
The Nifty Auto index fell 1.2 percent, as Maruti Suzuki India Ltd also logged losses to the tune of 1.5 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares were largely unchanged on Monday as a weak rupee boosted IT stocks, but losses in financials and auto stocks capped the gains. The broader NSE Nifty was down 0.02 percent at 10,583.15 as of 0631 GMT, while the benchmark BSE Sensex was 0.11 percent lower at 35,121.57. In broader Asia, stocks slipped as signs […]<\/p>\n","protected":false},"author":1,"featured_media":47078,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-47077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/47077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=47077"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/47077\/revisions"}],"predecessor-version":[{"id":47079,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/47077\/revisions\/47079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/47078"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=47077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=47077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=47077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}