Sensex, Nifty Flat As Energy Gains Offset Tech, Pharma Losses
NDTV
Energy stocks advanced 1.93 per cent, led by Indian oil and gas explorer Oil and Natural Gas Corp, which rose as much as 8.2 per cent - its highest since July 2019.
The Sensex and Nifty shares were little changed on Tuesday after opening lower, as gains in energy and metal stocks offset losses in tech and pharma, with investors expecting global concerns over rising oil prices to keep markets volatile.
The NSE Nifty 50 index was up 0.27 per cent at 17,740, while the S&P BSE Sensex was up 0.26 per cent at 59,462 by 12:53 pm.
Energy stocks advanced 1.93 per cent, led by Indian oil and gas explorer Oil and Natural Gas Corp, which rose as much as 8.2 per cent - its highest since July 2019.
Oil prices hit their highest levels in at least three years, extending gains from the previous session, after the world's major producers decided to keep a cap on crude supplies.
