The Indian equity benchmarks were little changed on Monday as gains in Tata Steel, Mahindra & Mahindra, NTPC, Bajaj Finserv, HDFC and ITC were offset with losses in Bajaj Auto, Power Grid, Kotak Mahindra Bank, Tech Mahindra and Maruti Suzuki. Meanwhile, other Asian markets were trading lower after a raft of Chinese data showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of COVID-19 with vaccinations.
As of 9:26 am, the Sensex was up 50 points at 55,488 and Nifty rose 5 points to 16,533.
There was added uncertainty about the possible geopolitical implications of the sudden collapse of the Afghan government and what it means for political stability in the region.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2 per cent, nudging back toward the lows for the year touched last month.
Back home, foreign institutional investors bought shares worth Rs 820 crore on Friday while domestic institutional investors shares worth Rs 149 crore.