After seeing fresh highs in the opening minutes, equities are off their high points, with the Nifty hovering around 11,600. The Sensex is up almost 100 points. Among sectors, pharmaceuticals are leading the charts, while FMCG is also trading strong.
Some pressure is visible among banking names as well as automobiles and metals. The midcap index is trading flat. Shares of Mahanagar Gas are down 6 percent on the back of a huge block deal sale to the tune of Rs 1,300 crore.
At 09:46 hrs IST, the Sensex is up 66.15 points or 0.17% at 38351.90, while the Nifty is up 16.00 points or 0.14% at 11586.90. The market breadth is narrow as 1,034 shares advanced, against a decline of 766 shares, while 105 shares were unchanged.
Missed call
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