Indian shares were fluctuating on Monday as investors reacted to a slew of earnings, EU sanctions on Nayara refinery and comments from India’s Commerce Minister Piyush Goyal that India will enter international trade agreements only if they serve the country’s interests.
The benchmark S&P/BSE Sensex was up 195 points, or 0.2 percent, at 81,952, reversing early losses.
The broader NSE Nifty index edged up by 42 points, or 0.2 percent, to 25,010.
Reliance Industries fell 2.6 percent after the announcement of new EU sanctions on Russian oil.
JSW Steel fell about 1 percent even as its consolidated net profit for the April-June quarter nearly tripled year-on-year on the back of price support with the imposition of the safeguard duty.
RBL Bank dropped 2.2 percent on reporting a 4 percent fall in quarterly profit.
Eternal and UltraTech Cement were modestly higher ahead of their earnings results due today.
JK Cement rose 1 percent as Q1 profit jumped 75 percent year-on-year.
ICICI Bank gained 1.6 percent after Q1 net profit grew 15.4 percent year-on-year.
HDFC Bank climbed 1.5 percent after declaring its first-even bonus issue and a special dividend.
Market Analysis
Sensex, Nifty Fluctuate In Early Trade
2025-07-21 04:29:53
