The market continued to consolidate after four-day rally, as investors await corporate earnings which will start later in the week and macro data due tomorrow.
The market digested higher crude oil prices that hit four-year high. Brent crude oil price is trading above USD 70 a barrel.
The 30-share BSE Sensex is up 52.97 points at 33,933.22 and the 50-share NSE Nifty gained 8.20 points at 10,410.50.
PSU Bank is the biggest loser among sectoral indices, falling 2 percent while IT and Metal indices continued to trade higher by 1 percent each.
Oil retailers are biggest losers among Nifty50 stocks, falling 7 percent.
Missed call
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The market breadth on the NSE was positive with an advance-decline ratio of 4:3. For the last couple of weeks, the Nifty is facing resistance around 12,300 levels and is trading below it.
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