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Indian shares were subdued on Monday despite Wall Street bouncing back to a higher close on Friday.<\/p>\n
Traders await the FOMC meeting minutes, key speeches by Fed officials and the June jobs report this week for clues about the long-term outlook for the U.S. economy<\/span>.<\/p>\n The benchmark S&P BSE Sensex slipped 40 points, or 0.1 percent, to 52,870 in early trade, while the broader NSE Nifty index was down 17 points, or 0.1 percent, at 15,735.<\/p>\n HDFC and HDFC Bank were little changed after stock exchanges gave approval for their mega merger. <\/p>\n Maruti Suzuki India dropped 0.7 percent on news it will phase out vehicles that run purely on petrol over the next 7-10 years. <\/p>\n Vedanta dropped half a percent on saying it expects its semiconductor business<\/span> turnover to be in the range of USD 3 to 3.5 billion.<\/p>\n TVS Motor declined 1.6 percent and Mahindra & Mahindra gave up 1.7 percent while Hero MotoCorp rose 0.8 percent after unveiling their monthly sales figures.<\/p>\n Muthoot Finance rallied 2.2 percent after it received RBI nod to open 150 new branches.<\/p>\n TCS fell 1.3 percent ahead of its earnings results due later this week.<\/p>\n IndusInd Bank jumped 2.5 percent after providing its quarterly update. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div><\/div>\n