Indian shares muted amid oil rise and foreign outflows
Indian shares traded flat on Wednesday as rising oil prices and ongoing foreign outflows offset a rebound in IT stocks. The Nifty 50 and BSE Sensex showed little change while investors evaluated corporate earnings reports.
Insights:
India shares traded flat during Wednesday morning trade as rising oil prices and foreign capital outflows offset gains in information technology stocks. The Nifty 50 rose 0.07% to 22,738.05, while the BSE Sensex added 0.13% to 73,128.50. This follows a 1.6% climb in the previous session driven by corporate earnings.
