INDIA STOCKS-Indian shares open flat as financials offset inflation data boost

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds opening levels in paragraph 2) BENGALURU, May 16 (Reuters) - Indian shares opened little changed on Tuesday, as a slide in financials offset favourable domestic inflation data and persistent foreign institutional buying in equities. The Nifty 50 was up 0.02% at 18,402.80 as of 9:17 a.m. IST, while the S&P BSE Sensex rose 0.01% to 62,349.27.
($1 = 81.7800 Indian rupees) (Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman)

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