Indian shares steady as oil slide counters profit taking
Indian shares remained flat as lower oil prices offset profit taking. Auto stocks rose on strong earnings while Godrej Consumer fell due to margin concerns.
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India's Nifty 50 rose 0.12% to 24,360.35 on Thursday morning as falling energy costs balanced selling pressure following a 1.2% rally. The BSE Sensex edged 0.03% higher to 77,972.08 after both indexes fluctuated between 0.4% gains and 0.2% losses. Lower crude prices support the world's third-largest importer by easing inflation and boosting corporate margins.
