Domestic shares flat with gains in banking stocks offset by losses in tech counter

Reuters Updated - January 05, 2022 at 10:15 AM.

Bajaj Finance jumps more than 2 per cent to emerge top gainer on Nifty 50 index

Domestic shares were unchanged early on Wednesday with gains in financials offsetting losses in technology stocks, while a fresh round of Covid-19-related curbs across the nation kept investors cautious.

By 0346 GMT, the NSE Nifty 50 index was up 0.03 per cent at 17,810.65, while the benchmark S&P BSE Sensex gained 0.05 per cent to 59,885.44 points.

Financial services provider Bajaj Finance rose more than 2 per cent and was the top gainer on the Nifty 50 index.

Nifty's bank index extended gains to a fifth session, boosted by a near 6 per cent jump in AU Small Finance Bank after a strong quarterly update.

Top IT firms HCL Technologies and Infosys fell over 1 per cent each and capped gains on the benchmark index early on Wednesday.

Meanwhile, authorities in New Delhi and Bengaluru put in place weekend curfews as Covid-19 cases continued to spike.

Published on January 5, 2022 04:42