Indian shares open little changed
Updates at 9:50 a.m. IST
BENGALURU, Sept 3 (Reuters) -Indian shares on Tuesday steadied around record highs hit in the previous session, with investors eyeing fresh triggers from a raft of data that would provide clues on the extent of U.S. interest rate cuts.
The Nifty 50 index .NSEI was mostly unchanged at 25,269.71 points, while the S&P BSE Sensex .BSESN opened 0.1% lower at 82,513.7.
The Nifty 50 index logged thirteen straight sessions of gains till Monday. Both the benchmarks hit record highs in the previous session.
Information technology index .NIFTYIT dropped 0.4% after logging gains for six straight sessions. All ten consituents of the sub-index are trading in the red.
InfosysINFY.NS and HCLTechHCLT.NS were among top losers on the index for the day, falling 0.7% and 0.3%, respectively. Infosys and HCLTech were top gainers on the index in the previous session.
Asian shares were trading lower as investors await a data heavy week which could determine whether the Federal Reserve rate cut expected this month will be regular or super-sized. MKTS/GLOB
Strong U.S. consumer spending data for July indicated that the economy remained on firmer ground, while trimming the chances of a half-point easing from the Federal Reserve.
Reporting by Manvi Pant in Bengaluru; Editing by Mrigank Dhaniwala
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