Indian benchmark Sensex, Nifty were little changed on Thursday after hitting record highs the previous day since investors took a sigh and booked profits in recent splendors like ITC Ltd, while Axis Bank fell on a drop in quarterly results. Asian shares also eased as U.S. tax cut plan announced by Donald Trump on Wednesday failed to inspire investors. Indian investors were also braced for bout volatility as monthly derivative F&O contracts are due to expire at the end of the session. However, broader market sentiment remained positive, given hopes for improving corporate earnings and rising economic growth in India.
Shares of ITC fell 1.8% after a 3-day winning streak and was among the biggest losers on the NSE index. Kotak Mahindra Bank rose 0.09% to Rs 901.15, while FMCG shares were mixed. Maruti Suzuki India was up 0.16% . FACT (Fertilizers & Chemicals Travancore Ltd) soared nearly 20% to breech its upper circuit level of Rs 49.35 per share.
At 2.50 PM, the BSE Sensex was trading at 30,125 down 8 points while NSE Nifty was trading at 9362 up 9 points.