Mumbai, India (BBN) – The Sensex and Nifty were trading flat as investors remained cautious due to expiry of December month F&O expiry later on Thursday.
At 11:10am (local time), the 30-share BSE index Sensex was up 31.24 points or 0.12 per cent at 26,241.92 and the 50-share NSE index Nifty was up 16.75points or 0.21 per cent at 8,051.60, reports The Hindu Business Line.
Among BSE sectoral indices, consumer durables gained the most by 1.11 per cent, followed by oil & gas 1.04 per cent, PSU 0.78 per cent and IT 0.56 per cent.
On the other hand, FMCG index was down 0.09 per cent and healthcare 0.02 per cent.
Top five Sensex gainers were ONGC (+1.13%), GAIL (+0.93%), TCS (+0.83%), HDFC (+0.7%) and Axis Bank (+0.68%), while the major losers were Adani Ports (-1.18%), ITC (-0.91%), Bajaj Auto (-0.58%), L&T (-0.46%) and Hero MotoCorp (-0.42%).
The Sensex, which had shed 2.76 points in the previous session, recovered by 21.58 points or 0.08 per cent to 26,232.26 in early trade.
The Nifty also gained 8.5 points or 0.11 per cent to 8,043.35.
Asian shares slipped on Thursday after Wall Street suffered a mild setback after weeks of gains, while the dollar faded against the yen in typical year-end profit taking.
Japan’s Nikkei lost 1 per cent as the yen firmed, edging away from its recent one-year top.
Australia’s main index eased 0.1 per cent, having touched a 17-month peak the previous day.
US stocks fell in low volume on Wednesday in a broad decline triggered in part by a sharp drop in home resales.
The Dow Jones Industrial Average fell 111.36 points, or 0.56 per cent, to 19,833.68, the S&P 500 lost 18.96 points, or 0.84 per cent, to 2,249.92 and the Nasdaq Composite dropped 48.89 points, or 0.89 percent, to 5,438.56.