Reuters Market Eye - The BSE Sensex was flat, while the 50-share Nifty lost 0.1 percent, tracking weakness in other Asian markets after monetary easing in China, the euro zone and Britain sparked worries about global growth.
Global investors are now geared up for the U.S. monthly employment data at 1230 GMT, with consensus forecasts for an increase of 90,000 jobs.
Software service exporters fell. Infosys wass down 1.1 percent, also pressured ahead of its earnings results on July 12. However, ITC advanced 1.1 percent, heading for a second day of gains, benefitting as a defensive play.
Traders also cited monsoon worries after the shortfall in rains has widened to nearly 50 percent of the typical average in the past week. Weak monsoon could raise fears of inflation given the impact on agricultural output.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app