Support from a rally in index heavyweights such as ITC, HUL, Infosys and HDFC is helping the market trade higher, even as other sectoral indices are trading in the red.
The Sensex is up 114.17 points or 0.31% at 37527.30, while the Nifty is up 24.90 points or 0.22% at 11312.40. The market breadth is negative as 723 shares advanced, against a decline of 859 shares, while 79 shares were unchanged.
Equity benchmarks have begun the day on a flat note, with the Nifty trading below 11,300 in the opening tick. The Sensex is trading marginally higher. Banks are taking a hit this morning, with the Bank Nifty trading lower by one-third of a percent. Pharmaceuticals are also trading in the red. Meanwhile, after days of a fall in FMCG names, the Nifty FMCG index is up around one-third of a percent. Meanwhile, in the broader markets, Nifty Midcap is trading flat with a negative bias.
The Sensex is up 37.83 points or 0.10% at 37450.96, while the Nifty is down 0.70 points or 0.01% at 11286.80. The market breadth is narrow as 422 shares advanced, against a decline of 408 shares, while 46 shares are unchanged.
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