Benchmarks have given up all of their gains and are trading in the flat-to-negative terrain.
Selling among FMCG names along with PSU banks have weighed on the market. However, midcaps are outperforming the benchmarks so far.
The Sensex is down 24.61 points or 0.07% at 36627.45, while the Nifty is higher by 3.60 points or 0.03% at 11071.10. The market breadth is positive as 1,127 shares advanced, against a decline of 600 shares, while 98 shares were unchanged.
Equity benchmarks are off their opening highs, with the Sensex trading around 100 points higher. The Nifty is trading around 11,100-mark.
The Nifty IT index has seen selloff, while the FMCG index has given up all of its gains. Financials, too, have erased a major chunk of gains as well. Meanwhile, strength has continued in the pharmaceuticals space, with the Nifty Pharma index rising over 1 percent.
The Sensex is up 93.86 points or 0.26% at 36745.92, while the Nifty is higher by 26.50 points or 0.24% at 11094.00. The market breadth is positive as 914 shares advanced, against a decline of 465 shares, while 67 shares were unchanged.
Shares of Axis Bank, Tata Steel, Lupin and Eicher Motors are the top gainers, while Wipro, ONGC, and HCL Tech have lost the most.
Missed call
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