Indian equities were little changed on Tuesday amid a fall in shares of Infosys Ltd. Traders exercised caution, awaiting fresh cues on the potential trade deal between the US and China. At 9.20am, the benchmark Sensex was down 0.18% or 71.10 points at 39227.28 points, while the Nifty 50 was 0.04% lower at 11657.15 points. "Reliance Industries and HDFC Bank earnings should rub off positively today even as whistleblower disclosures on Infosys turns the applecart on the most over owned stock in foreign and local institutional portfolios. Shah expects the stock to fall 10-15% in the near term and has a ‘hold’ rating on the stock. Reliance Industries Ltd (RIL) rose 1% after the company reported a profit which was in line with market estimates.

Source: Mint October 22, 2019 04:07 UTC