Bulls are fighting back as benchmarks have staged a recovery from the day’s low points. Banks have eroded a big chunk of their losses, while the Nifty PSU bank index is back in the green. The Nifty is back above 11,400.
The Sensex is down 28.96 points or 0.08% at 37823.04, and the Nifty down 6.70 points or 0.06% at 11428.40. The market breadth is positive as 1,124 shares advanced, against a decline of 975 shares, while 110 shares are unchanged.
IT and pharma stocks have further extended their gains, while index heavyweights such as Infosys and Bajaj Finance are helping the market steady around current levels. Among stocks, Sun Pharma, Axis Bank, GAIL and Bajaj Finance are the top gainers, while Vedanta and Kotak Mahindra Bank are the top losers.
Coming back after a trading holiday on Wednesday, equity benchmarks have resumed the truncated week on a negative note, with the Nifty giving up 11,400 in the opening tick. The Sensex is lower by over 150 points.
At 09:15 hrs IST, the Sensex is trading lower by 183.89 points or 0.49% at 37668.11, while the Nifty is down 56.80 points or 0.50% at 11378.30. The market breadth is narrow as 326 shares advanced, against a decline of 326 shares, while 69 shares are unchanged.
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