India’s stock benchmarks opened little changed, aslosses in information technology, banking stocks were offsetby gainsin metal, energy and oil and gas stocks, amid risein oil prices and decline in global equities.
The S&P BSE Sensex was little changed at 58,659.88. The NSE Nifty also traded flat at 17,506.15.
The broader indices outperformed their larger peers with both the S&P BSE MidCap and S&P BSE SmallCap gaining over 0.3%. Ten of the 19 sectoral indices compiled by BSE Ltd. advanced with S&P BSE Metal gaining over 1%.
The market breadth was skewed in the favour of bulls. About 1,260 stocks advanced, 554 declined and 129 remained unchanged.
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