India's NSE index closes little changed

India's broader NSE index closed little changed on Tuesday with losses in IT stocks such as Tata Consultancy Services offsetting gains in financials such as Axis Bank Ltd, reports Reuters.

The NSE index ended almost flat at 10,426.85, while the benchmark BSE index slipped 0.18 per cent to 33,856.78.

Shares in Tata Consultancy Services fell 5.4 per cent. Parent Tata Sons raised 90 billion rupees ($1.39 billion) from an enlarged block of shares in flagship TCS, IFR reported, citing people with knowledge of the sale.

Axis Bank closed 2.4 per cent higher.

An earlier report says: Indian shares edged higher on Tuesday, with financials accounting for over half the gains, as easing retail inflation allayed concerns of a rate hike in the near term.