Indian shares were largely unchanged early on Thursday, as losses in heavyweight financials offset gains in information technology stocks.
Investors’ sentiment has improved in the recent days due to a steady decline in daily COVID-19 cases in India. Earlier this week, the country reported its lowest daily rise of cases in more than a month. read more
On Thursday, India’s tally of COVID-19 cases rose by 211,298 over the last 24 hours, while deaths rose by 3,847. read more
Among other shares, Bharat Petroleum Corporation Ltd (BPCL.NS), among the top boosts to the Nifty 50, rose as much as 3.5% after it reported March-quarter profit of 119.4 billion rupees, compared with loss of 13.61 billion rupees a year ago.
In the broader Asian market, shares retreated from two-week highs and China started on the backfoot, on fears central banks were closer to considering winding back their emergency stimulus while the dollar held at a one-week top.
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