Key Points
BENGALURU: Indian shares swung between gains and losses before settling lower on Wednesday, as caution prevailed ahead of key corporate earnings as well as domestic and U.S. inflation data, due later in the day...
The Nifty 50 index closed 0.28% lower at 19,384.30, while the S&P BSE Sensex fell 0.34% to 65,393.90...
Six of the 13 major sectoral indexes logged gains, with public sector banks rising 0.83%...
The high weightage IT fell 0.71% and was the top sectoral loser, ahead of first-quarter results from Tata Consultancy Services and HCLTech, due after market hours...
"From here on, any runaway rally is unlikely, especially with rising concerns over food inflation due to uneven monsoons," said Samrat Dasgupta, chief executive officer at Esquire Capital Investment Advisors.. "Advise investors to be cautious and utilise a buy-the-dip approach..
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