India's stock benchmarks struggled for direction as investors await a slew of earnings.
The S&P BSE Sensex remained little changed at 52,979.23, and NSE Nifty 50 Index traded flat at 15,856.25. Reliance Industries Ltd. contributed the most to the index decline, decreasing 0.8%. JSW Steel Ltd. had the largest drop, falling 1.4%.
The broader markets outperformed their larger peers. The S&P BSE MidCap rose by 0.35% while the S&P BSE SmallCap gained 0.74%. Twelve of the 19 sectoral indices posted gains, S&P BSE Basic Materials, S&P BSE Consumer Durables and S&P BSE Metal adding over 1%.
The market breadth skewed in favour of bulls. About 1,921 stocks advanced, 1,313 declined and 174 remained unchanged on the BSE.
Tata Motors, Axis Bank, Kotak Mahindra Bank, L&T, SBI Life, Vedanta, DLF are among the companies scheduled to report earnings today.
Stock Markets Live: Sensex, Nifty Swing; Caplin Point Hits Record High - BloombergQuint
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