After seeing a positive start, selling has gripped the market, pushing it to erase all of its gains and trade flat. A drag in FMCG and metal names is pulling the market lower, with the Nifty FMCG index falling over a percent.
Banks continue to trade in the green, while autos too have maintained their lead. The Nifty Midcap index is hovering around its opening levels, up around quarter of a percent.
Index heavyweight names such as ITC, HUL and HDFC twins too are weighing on the market.
The Sensex is up 3.22 points or 0.01% at 37925.39, while the Nifty is down 0.20 points or 0.00% at 11437.90. The market breadth is narrow as 896 shares advanced, against a decline of 588 shares, while 72 shares were unchanged.
It’s a green start on this Tuesday morning, with the Sensex rising over 100 points, while the Nifty is trading quarter of a percent higher.
Among sectors, banking names are trading in the green, while pharmaceuticals, metals as well as auto names are higher as well. In the broader markets, the Nifty Midcap index is higher by 0.25 percent.
Missed call
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