Sensex, Nifty Subdued; IT Stocks Bounce Back
(RTTNews) - Indian shares were moving in a narrow range on Friday despite positive cues from global markets after the Federal Reserve and the Bank of England cut interest rates as expected.
The benchmark S&P/BSE Sensex was little changed at 79,492, recouping some earlier losses.
The broader NSE Nifty index was down 19 points at 24,180.
Lupin, NCC, Cochin Shipyard, NHPC and SAIL fell 1-4 percent after reporting their quarterly earnings results.
Tata Motors fell 1.5 percent ahead of its earnings release while SBI shares were up half a percent.
Astral dropped 1 percent after posting an 18 percent drop in Q2 profit.
Shriram Finance, Coal India, BPCL and Trent fell 1-2 percent while IT stocks such as Infosys, Tech Mahindra and Wipro all were up over 1 percent.
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