Indian stocks showed little movement Tuesday morning as gains in metal and automobile shares countered declines in telecom and IT stocks amid flat Asian cues.
The benchmark BSE Sensex edged up 35 points to trade near 69,950, while the NSE Nifty 50 index added 25 points to quote at 21,022.
On the Sensex, metal firms Tata Steel and Hindalco along with auto majors Mahindra & Mahindra rose over 1% each. Lenders ICICI Bank and HDFC Bank ticked up, while telecom giant Bharti Airtel fell 1.5%.
In the broader market, mid and small-cap shares saw buying interest, indicating a positive undertone. Metal and auto indexes rose over 1% each, joining the advance in FMCG and healthcare stocks.
Jammu & Kashmir Bank shares jumped 6% after the lender launched a share sale to institutional investors to raise ₹750 crore.
On Monday, the Sensex added 103 points aided by late buying in telecom and oil & gas stocks. The Nifty gained 29 points to end near 21,000 levels.
Analysts await major global events this week, including U.S. inflation data and China’s economic growth numbers that will guide market sentiment ahead.
While foreign investors continued purchasing Indian equities, domestic flows also aided the recent up move. The undertone remains broadly positive, say experts.
