简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
abstrak:BENGALURU, July 12 (Reuters) - Indian shares swung between gains and losses before settling lower on
BENGALURU, July 12 (Reuters) - 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 (.NSEI) index closed 0.28% lower at 19,384.30, while the S&P BSE Sensex (.BSESN) fell 0.34% to 65,393.90.
Six of the 13 major sectoral indexes logged gains, with public sector banks (.NIFTYPSU) rising 0.83%.
The high weightage IT (.NIFTYIT) fell 0.71% and was the top sectoral loser, ahead of first-quarter results from Tata Consultancy Services (TCS.NS) and HCLTech (HCLT.NS), due after market hours.
Several brokerages have warned of a muted quarter for the IT sector as clients in the United States and Europe - two of the sectors largest markets - cut spending.
\“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. The Nifty 50 has strong support near 18,900-19,100 levels, but the gains could be capped due to elevated valuations.\”
The Nifty 50 and Sensex have both risen over 11% so far in fiscal 2024.
Indias retail inflation likely snapped a four-month decline in June due to rising food prices, a Reuters poll of economists showed.
State-owned lenders Indian Bank (INBA.NS) and Union Bank (UNBK.NS) rose more than 4% and 1%, respectively, after global brokerage Investec initiated coverage with \“buy\”, citing valuation comfort in tier-2 public sector lenders.
Online gaming firm Delta Corp (DELT.NS) tumbled over 23% while Nazara Technologies (NAZA.NS) and Onmobile Global (ONMO.NS) lost between 1% and 3.5% after the government imposed a 28% tax on the turnover of online gaming companies.
Asian and European equities rose over 0.7% ahead of the U.S. inflation data.
Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema, Sohini Goswami, Nivedita Bhattacharjee, and Janane Venkatraman
Our Standards: The Thomson Reuters Trust Principles.
Disclaimer:
Ang mga pananaw sa artikulong ito ay kumakatawan lamang sa mga personal na pananaw ng may-akda at hindi bumubuo ng payo sa pamumuhunan para sa platform na ito. Ang platform na ito ay hindi ginagarantiyahan ang kawastuhan, pagkakumpleto at pagiging maagap na impormasyon ng artikulo, o mananagot din para sa anumang pagkawala na sanhi ng paggamit o pag-asa ng impormasyon ng artikulo.