Indian shares little changed in quiet start to new year

Last Updated: Mon, Jan 01, 2018 11:20 hrs

* NSE index down 0.02 pct, BSE index up 0.03 pct

* Both indexes ended 2017 higher

By Tanvi Mehta

Jan 1 (Reuters) - Indian shares were nearly unchanged on Monday, with gains in healthcare and consumer stocks offset by losses in the information technology sector.

The broader NSE index was down 0.02 percent at 10,528.70 as of 0535 GMT, while the benchmark BSE index was 0.03 percent higher at 34,068.52.

Both the indexes ended 2017 with the biggest annual gain since 2014, with equities on a record-setting run last year.

Pharma stocks edged higher, with Sun Pharmaceutical Industries Ltd up 1.8 percent, among the top percentage gainers.

IT stocks fell, with the Nifty IT index down 0.4 percent after it climbed 12 percent last year.

Most global markets were shut on Monday.

(Reporting by Tanvi Mehta in Bengaluru; Editing by Biju Dwarakanath)