Indian shares opened on a flat note Wednesday, tracking mixed cues and amid caution ahead of macroeconomic data and key corporate earnings due this week.
The benchmark BSE Sensex was marginally higher at 34,460 in lackluster trade, while the broader Nifty index was virtually unchanged at 10,638.
Apollo Tyres lost 1 percent after it unveiled plans to invest Rs 1,800 crore on a new plant in Andhra Pradesh.
Infosys was marginally higher after it signed a tax pact with the U.S. Internal Revenue Services that would help the company reverse tax provisions of approximately $225 million.
Spice Mobility advanced 1.3 percent after divesting its entire stake in Sunstone Eduversity.
State Bank of India edged up 0.2 percent on fund raising reports.
Balasore Alloys soared 8 percent on news it will acquire 70 percent of Zimbabwe Alloys.
Shalby fell 2.2 percent on weak earnings.
by RTT Staff Writer
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