BENGALURU (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 was mostly unchanged at 25,269.71 points, while the S&P BSE Sensex 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 dropped 0.4% after logging gains for six straight sessions. All ten consituents of the sub-index are trading in the red.
Infosys and HCLTech 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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