Indian stocks mostly flat as Sensex inches up 6.15 points
Business
The Indian stock market was mostly flat on Friday, October 30. Sensex inched up just 6.15 points, while Nifty slipped a bit.
IT stocks like Infosys and Tech Mahindra saw small gains, which helped balance out worries over rising oil prices.
Oil jumps to $116.10, pressuring India
Crude oil jumped to $116.10 a barrel, making things tougher for India since we import so much of it. Ongoing tensions in the Middle East aren't helping either. They could push up inflation and business costs.
Midcap and smallcap stocks took a hit, and with big earnings reports from Reliance and Sun Pharma coming up, investors are feeling cautious.
The market's India VIX, the market volatility gage, even spiked 3.55%.