Indian shares nearly flat in thin trade
Indian shares were largely unchanged on Monday in thin trade, as gains in index heavyweights such as ITC Ltd and Tata Consultancy Services Ltd offset losses in Larsen and Toubro Ltd after it posted lower-than-expected quarterly profit.
Cigarette maker ITC rose nearly 2.0 per cent in early trade ahead of its March-quarter results scheduled later in the day. The stock was on track to post its first gain in five sessions. TCS gained nearly 1.5 per cent.
L&T fell 2.6 per cent after its March-quarter profit fell short of street estimates and the conglomerate warned that disruptions in decision making processes due to elections in India could impact operating parameters in first half of 2019-20.
The broader NSE Nifty was down 0.08 per cent at 11,268 as of 0614 GMT, while the benchmark BSE Sensex was 0.05 per cent higher at 37,482.6.