Indian shares open flat as tech erases energy gains

A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 60,000 level for the first time, in Mumbai, India, September 24, 2021. REUTERS/Francis Mascarenhas

BENGALURU (Reuters) – Indian shares opened flat on Tuesday, hovering near record highs scaled last week, as gains in auto and energy stocks countered losses in tech and real estate scrips.

The blue-chip NSE Nifty 50 index was down 0.01% at 17,853.75 by 0352 GMT and the benchmark S&P BSE Sensex eased 0.07% to 60,038.66.

Energy shares rose 0.7%, with Oil and Natural Gas Corp among the biggest gainers on the Nifty 50.

Tech stocks dropped more than 1%, with HCL Technologies shedding over 2% to be the biggest loser on the Nifty 50.

Broader Asian markets were trading lower as risks of a default by property giant China Evergrande took centre stage again. [MKTS/GLOB]

Source: Read Full Article