Indian Stocks Rebound From Monday Losses, Then End Nearly Flat

Indian benchmark indexes recovered from steep early losses on Monday, October 26, before ending Tuesday, October 27, almost unchanged as elevated oil prices and caution ahead of a U.S. Federal Reserve decision weighed on trading. The 30-share Sensex fell 8.08 points, or 0.01%, on Tuesday to settle at 73,598.67. The 50-share Nifty slipped 3.45 points, or 0.02%, to 22,749.75. The Sensex moved between 73,179.41 and 73,762.98 during the session. Selling in several large companies weighed on the indexes. State Bank of India, Axis Bank, Tata Consultancy Services, Asian Paints, HDFC Bank and ICICI Bank were among the Sensex laggards. Bharti Airtel, Trent, Maruti and Power Grid were among the gainers. On Monday, the Sensex dropped 536.30 points to 72,583.86 in early trading, while the Nifty fell 200.10 points to 22,402.80. Both indexes subsequently recovered. Afternoon readings placed the Sensex and Nifty above their previous closes, and they finished the day higher: the Sensex gained 482.92 points to 73,606.75, and the Nifty rose 153.20 points to 22,753.20. The Monday rebound came as crude prices eased from recent highs, while a market update cited buying in shares that had fallen in...