Indian shares end largely flat; IT stocks top drag

By Kitco News / November 01, 2018 / www.kitco.com / Article Link


* Tepid start to November
* IT sector hit by firm rupee
* Yes Bank top gainer on NSE, closes up 8.5 pct


Nov 1 (Reuters) - Indian shares ended little changed onThursday as losses in IT stocks, pressured by a strong rupee,marginally outweighed gains in the financial sector.


The broader NSE index ended 0.06 percent lower at10,380.45, while the benchmark BSE index closed mostlyflat at 34,431.97.


IT stocks were battered by a stronger rupee. Softwareservices exporter Infosys Ltd, which closed 2.9percent weaker, was the biggest drag on the index.


Yes Bank Ltd, which closed 8.5 percent firmer, wasthe top percentage gainer on the NSE index. Industrialconglomerate Larsen & Toubro Ltd rose 2.3 percent toits best close since Sept. 26 after posting solid quarterlyresults.


(Reporting by Chris Thomas in Bengaluru, Editing by SherryJacob-Phillips)

Messaging: chris.thomas.thomsonreuters.com@reuters.net)) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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