After seeing a strong opening, benchmark indices have given up a huge chunk of their gains. The Sensex is above 36,500, while the Nifty is holding 11,000-mark. Selling pressure in midcaps as well as banking names have dragged the indices lower. Energy and IT indices are trading in the green. Infosys is trading higher by 1.5 percent ahead of Q1 results, while other IT stocks such as Wipro, too, saw a surge. SBI and ONGC are the top losers.
The market is currently off its high points, with the Sensex currently trading flat, while the Nifty is continuing to hold 11,000.
The Sensex is up 37.90 points or 0.10% at 36586.31, while the Nifty is down 2.20 points or 0.02% at 11021.00. The market breadth is negative as 647 shares advanced, against a decline of 1,094 shares, while 93 shares are unchanged.
Wipro and Reliance Industries are up 1-3 percent, while State Bank of India, Axis Bank, UPL and Bharti Infratel have lost the most.
Missed call
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