Indian Shares Marginally Lower In Early Trade; IT Stocks Underperform
(RTTNews) - Indian shares were moving lower in early trade on Tuesday as investors awaited earnings from major U.S. technology companies and the Federal Reserve's interest-rate decision for direction.
Overall losses, however, remained capped as oil prices extended losses for a second consecutive session on hopes of resolution in the U.S.-Iran war.
The 30-share BSE Sensex was down 98 points, or 0.1 percent, at 73,508 while the NSE Nifty index held largely steady at 22,749.
Larsen & Toubro, Tata Steel, Maruti Suzuki, SBI Life, Bajaj Auto and Tata Capital were moving higher ahead of their quarterly earnings results due today.
TCS fell more than 2 percent as Tata Trusts chairman Noel Tata challenged the resolution to reappoint N Chandrasekaran as the chairman of Tata Sons.
Peers Infosys, HCL Technologies, Wipro and Tech Mahindra were down 1-3 percent as Anthropic's IPO filing along with an announcement by Meta Platforms to raise up to $95 billion in its largest-ever equity fundraising revived investor appetite for artificial intelligence stocks globally.
Electric vehicle maker Ather Energy jumped 5 percent after reporting its first quarterly profit.
Tata Consumer Products soared 6 percent on reporting a 16 percent rise in Q2 net profit.
European Shares Seen Tad Lower Ahead Of Tech Earnings, Rate Decisions
Australian Market Swings To Modest Gains In Mid-market
Asian Markets Trade Mixed
Indian Shares Seen Opening On Flat Note
Thai Stock Market May Challenge Resistance At 1,600 Points
Japanese Market Sharply Higher
Higher Open Tipped For Indonesia Stock Market
