Markets weighed down by FMCG, IT stocks; ICICI Bank hits record high

Indian shares inched lower on Monday, dragged by consumer and information technology stocks, while banks scaled a record high after strong quarterly earnings from private lender ICICI Bank. The blue-chip NSE Nifty 50 index was down 0.2% at 18,088 by 9:25 am, while the benchmark S&P BSE Sensex fell 0.1% to…

Indian shares open flat as TCS reports 6% drop

Indian shares were subdued early on Monday as gains in Reliance Industries were offset by weakness in IT stocks after Tata Consultancy Services reported September-quarter results. The NSE Nifty 50 index (.NSEI) was up 0.05 per cent at 17,905.85, while the S&P BSE Sensex (.BSESN) was down 0.05 per cent at 60,005.01…

Sensex, Nifty open lower as banking and IT stocks extend losses

Indian shares opened lower on Wednesday, moving further away from record highs scaled last week, as banking and technology stocks extended falls. The blue-chip NSE Nifty 50 index was down 0.51% to 17,657.95 by 9:14 am, and the benchmark S&P BSE Sensex fell 0.62% to 59,296.54. Broader negative sentiment also weighed…

Domestic shares end higher as IT stocks, banks gain

Indian shares closed higher on Monday on the back of gains in information technology and financial stocks, while automaker Mahindra & Mahindra firmed following an upbeat earnings report last week The blue-chip NSE Nifty 50 index ended up 0.12% at 16,258.25 and the benchmark S&P BSE Sensex was 0.23% higher to…