Mumbai, India (BBN) – The Sensex returned to the negative zone after a positive opening amid mixed Asian cues.
The Asian stocks were mixed after the Bank of Japan (BoJ) kept monetary policy steady and offered a brighter view of the economy, reports The Hindu Business Line.
The market traded in small range amid bouts of buying after four sessions of losses.
Bank, metal, oil and gas, telecom and metal stocks felt the selling pressure.
At about 12:30pm, the Sensex was trading at 26,297.11, a loss of 77.59 points, or 0.29 per cent.
The NSE 50—share Nifty was also down by 24.40 points, or 0.30 per cent, at 8,079.95.
Major gainers were TCS 2.16 per cent, Infosys 1.28 per cent, Coal India 1.09 per cent, ITC 1.06 per cent and GAIL 0.98 per cent.
Notable losers are Bajaj Auto 2.5 per cent, ICICI Bank 2.14 per cent, SBI 2.04 per cent, Tata Steel 1.87 per cent and HUL 1.31 per cent.
Foreign funds sold shares worth Rs. 535.77 crore yesterday, as per provisional data.
US stocks closed with modest gains in low volume trade as traders bought some recently less—favoured sectors.