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Indian shares flat as auto, pharma stocks offset Britannia fall
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BENGALURU - Indian shares were largely unchanged on Tuesday as gains in automobile and pharmaceutical stocks offset a fall in Britannia Industries after a weak quarterly results report.
The blue chip NSE Nifty 50 index was flat at 18,069.45 while the benchmark S&P BSE Sensex fell 0.03% to 60,524.61 by 0355 GMT.
In Mumbai trading, Britannia Industries fell 4% to be the biggest percentage loser on the Nifty 50, a day after the biscuit maker reported a fall in September-quarter profit.
The Nifty Auto Index and the Nifty Pharma Index added 1.17% and 1.32%, respectively.
Among other individual stocks, Cadila Healthcare gained 1.6% after the drugmaker said the central government has placed an order for 10 million doses of its COVID-19 vaccine.
Sobha added 7.6% after the real estate firm on Monday said its September-quarter profit nearly tripled from a year earlier.
Broader Asian markets followed Wall Street higher in early trade on Tuesday as the passage of a U.S. infrastructure bill boosted sentiment.
