India stocks little changed ahead of a slew of economic indicators later this week, after the benchmark stock gauge ended last week at a record.
The S&P BSE Sensex was little changed at 52,904.52, less than 30 points off its peak. The NSE Nifty 50 Index was also flat. Ten of the 19 sector sub-indices compiled by BSE Ltd. declined, led by a gauge of power companies.
Investors are waiting to see economic indicators later this week that should show strong improvement following the reopening of business activity in states across India, Binod Modi, head of strategy at Reliance Securities wrote in a note.
Among releases scheduled later this week are the performance of key industries, the government’s fiscal deficit, and manufacturing PMI.
India’s daily caseload of virus infections has been declining for the past few weeks, while the pace of vaccinations has remained steady. The country added 46,148 new virus cases in a day through Monday morning, compared with more than 100,000 daily cases at the start of the month.
