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BENGALURU, July 7 (Reuters) - Indian shares were largely unchanged on Wednesday, as investors parsed through some early earnings data while awaiting details on an upcoming cabinet reshuffle of the central government.
By 0509 GMT, the blue-chip NSE Nifty 50 index was down 0.02% at 15,814.80, while the benchmark S&P BSE Sensex was up 0.01% at 52,863.95.
“Markets seem to be indecisive and are seeking direction from stronger fundamentals. if a large company like Tata Motors comes out with a profit warning, it creates great panic among investors”, said Anita Gandhi, director at Arihant Capital Markets in Mumbai.
Jaguar Land Rover (JLR) parent Tata Motors warned on Tuesday of a hit to a key margin metric at JLR in the second quarter and flagged chip supply constraints. Its shares dropped more than 3% on Wednesday, piling on to the 8.4% fall in the previous session.
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The Federal
Forget uneducated, even corporate employees scared to take vaccines
A large proportion of the corporate workforce is reluctant to take the COVID-19 vaccine out of superstition and fear. But, industry leaders know vaccination is critical to sustain economic recovery
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Companies have decided to either make vaccination mandatory or conduct training sessions for their employees to drive home the importance of the vaccine jab. Pic:iStock
It is not just rural India that suffers from vaccine hesitancy. The workforce in cities like Delhi and the IT capital of India, Bengaluru too are shying away from taking the vaccine causing a lot of anxiety among the head honchos of India Inc.
Global Economy
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