Mumbai, India (BBN) – The Sensex and Nifty trimmed their initial gains and were trading flat due to fresh selling in FMCG, bank and capital goods stocks amid firm global cues.
At 10.35am, the 30-share BSE index Sensex was up 14.46 points or 0.05 per cent at 28,170.02 and the 50-share NSE index Nifty was up 6.85 points or 0.08 per cent at 8,731.55, reports The Hindu Business Line.
Among BSE sectoral indices, realty index gained the most by 1.82 per cent, followed by IT 1.33 per cent, TECk 0.98 per cent and healthcare 0.66 per cent.
On the other hand, FMCG index was down 0.58 per cent, banking 0.23 per cent and capital goods 0.06 per cent.
Top five Sensex gainers were Sun Pharma (+2.33 per cent), Infosys (+1.69 per cent), Tata Motors (+1.61 per cent), GAIL (+1.3 per cent) and Maruti (+1.26 per cent), while the major losers were ICICI Bank (-2 per cent), ITC (-1.39 per cent), Adani Ports (-1.31 per cent), Dr Reddy’s (-1.17 per cent) and Coal India (-0.94 per cent).
The market benchmark BSE Sensex recovered over 109 points in early trade on widespread gains amid a firm trend in other Asian bourses following another record close in Wall Street.
The 30-share barometer gained 109.11 points or 0.38 per cent to 28,264.67.
The gauge had lost 196.06 points in the previous two sessions.
Major gainers that contributed to the upsurge were Tata Motors, Sun Pharma, Infosys, SBI, Maruti Suzuki, GAIL, RIL, Wipro, NTPC and Cipla.
TCS surged 1.36 per cent to Rs. 2,448.60 following reports of company’s share buyback plan.
Also, the NSE Nifty rose 26.75 points or 0.3 per cent to 8,751.45.
Equity brokers said the trading sentiment was buoyed largely in tandem with firm Asian cues after the US markets closed at another record high in yesterday’s trade.