Financials News

Sensex trades flat, Infosys gains on Nilekani buzz

Sensex trades flat, Infosys gains on Nilekani buzz

Mumbai: Stocks traded dull after a positive opening on Thursday amid intermittent spells of choppiness, with healthcare and IT indices holding up.

Asian shares moved both ways.

Stock of heavyweight Infosys covered more ground on the buzz that Nandan Nilekani might return to resolve the leadership crisis.

Investors kept a tab on central bankers’ symposium in Jackson Hole, which begins today, for more policy pointers.

The Sensex opened higher and was slightly up 37.98 points, 0.12 per cent, at 31,605.99 at 1140 hours.

The NSE 50-share Nifty firmed up 10.85 points, or 0.11 per cent, at 9,863.35.

Major gainers were Lupin 3.78 per cent, apart from Sun Pharma 2.81 per cent, Infosys 2.33 per cent, Cipla 1.62 per cent and Dr Reddy’s 1.60 per cent.

Foreign portfolio investors (FPIs) net diluted shares worth Rs 1,157.52 crore yesterday, showed provisional data.

Domestic institutional investors (DIIs) bought shares worth Rs 929.84 crore.

US stocks closed lower after President Donald Trump said he will be willing to let the government shut down if his proposed border wall alongside Mexico is not funded.

PTI