Indian shares little change ahead of key events

Published: July 04, 2018 13:58:25 | Updated: July 06, 2018 12:15:45

Indian share markets were little changed on Wednesday, as investors booked profits in sectors such as information technology, and caution prevailed ahead of key events during the week.

The Indian government is expected to announce hikes in minimum support price for several food items later in the day, a move seen as wooing the farm sector, reports Reuters.

The broader Nifty was flat at 10,699.95 as of 0552 GMT. The benchmark Sensex was 0.01 per cent lower at 35,376.28.

Pharma stocks were the top percentage gainers on the NSE index, with the Nifty Pharma index rising as much as 1.5 per cent to its highest in over a week.

Lupin Ltd and Dr Reddy’s Laboratories were up about 2.5 per cent each.

Still, losses in IT stocks such as Infosys Ltd and Tata Consultancy Services Ltd kept markets from moving into higher ranges.

Metal and energy stocks continued to fall, with Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd down about 2.0 per cent each.

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