Photo: The Hindu Business Line
Mumbai, India (BBN) - The benchmark BSE Sensex was trading flat after hitting 30,000-mark in early trade as investors turned cautious ahead of RBI's Monetary Policy Committee meet later in the day.
At 11:20am, the 30-share BSE index Sensex was up 4.34 points or 0.01 per cent at 29,914.56 and the 50-share NSE index Nifty was up 6.1 points or 0.07 per cent at 9,243.95, reports The Hindu Business Line.
Among BSE sectoral indices, IT index was down 0.5 per cent, followed by TECk 0.35 per cent and FMCG 0.16 per cent.
On the other hand, realty index was the star-performer and was up 3.16 per cent, consumer durables 2.06 per cent, metal 1.33 per cent and infrastructure 0.99 per cent.
Top five Sensex gainers were Adani Ports (+3.6 per cent), Tata Steel (+2.14 per cent), Maruti (+1.77 per cent), NTPC (+1.58 per cent) and Reliance (+1.52 per cent), while the major losers were HDFC (-2.13 per cent), Asian Paints (-0.98 per cent), Infosys (-0.92 per cent), ITC (-0.87 per cent) and M&M (-0.84 per cent).
EARLY TRADE
The BSE Sensex breached 30,000-mark and the NSE Nifty hit a lifetime high of 9,264.95 in the opening trade on sustained buying by retail investors amid increased foreign fund inflows and positive Asian cues.
However, the benchmark failed to sustain the 30,000 level and slipped into the negative territory ahead of RBI’s Monetary Policy Committee meet later in the day.
The 30-share index crossed the 30,000-mark by surging 97.26 points or 0.32 per cent to trade at 30,007.48, a level last seen on March 4, 2015 when it hit an intra-day high of 30,024.74.
Similarly, the National Stock Exchange index Nifty continued its record-setting spree by gaining another 27.10 points or 0.29 per cent, to trade at a new high of 9,264.95.
The gauge had rallied by 289.72 points in previous sessions on Monday.
Equity brokers said the domestic sentiment remained bullish largely on the back of sustained foreign fund inflows coupled with persistent buying by retail investors following the release of the Nikkei India Manufacturing PMI, which increased to a five-month high of 52.5 in March from 50.7 in February.
BBN/MS/SK