Indian shares erase losses to close little changed

  • Reuters
  • Stock Market News
Indian shares erase losses to close little changed
Credit: © Reuters.

* NSE closes down 0.02%, BSE settles 0.03% higher

* Titan top loser in the NSE index

* TCS closes down 1.9% ahead of Q1 results

BENGALURU, July 9 (Reuters) - Indian shares recovered from earlier falls to close little changed on Tuesday, with losses in Titan Company Ltd TITN.NS offset by gains in Bajaj Finance Ltd BJFN.NS .

The broader NSE index .NSEI closed 0.02% lower at 11,555.90, while the benchmark BSE index .BSESN settled 0.03% firmer at 38,730.82.

Indian stocks took a beating on Monday as some budget proposals by the government last week sparked a selloff and sent both indexes over 2% lower. market is still coming to terms with the fine print of the budget," said Anand James, chief market strategist at Geojit Financial Services.

Losses were broad-based and the momentum will slow down with earnings kicking in, he added.

"While earnings might not give a great deal of positivity and revive markets, individual stocks will move and that is a glimmer of hope markets are looking from a thematic point of view," he said.

Shares of IT services firm Tata Consultancy Services Ltd TCS.NS closed 1.9% lower ahead of the company's first-quarter results due later in the day.

Titan finished the session 12.3% lower, while Baja Finance closed up 5.56%. finance company REC Ltd RECM.NS slumped 14.4% as the Index Maintenance Sub-Committee of NSE Indices Ltd decided to remove it from the Nifty CPSE index with effect from July 15. the midday report, see

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