Market Update
After giving up majority of gains, indices have continued to trade in a narrow range. The Nifty has hovered around 11,300, while the Sensex is trading above 37,300-mark.
Among sectors, FMCG continues to be the big loser, while banks have seen some recovery, pushing the indices above the flat line. But, midcaps have continued to trade weak and a combination of this along with consumer names is weighing on equity benchmarks.
The Sensex is up 19.38 points or 0.05% at 37310.05, while the Nifty is higher by 6.40 points or 0.06% at 11285.30.
The market breadth is negative as 950 shares advanced, against a decline of 1,500 shares, while 177 shares were unchanged.
Coal India, ONGC, BPCL and GAIL are the top gainers, while IndusInd Bank, Maruti, Zee Entertainment and Bajaj Finserv have lost the most.
After giving up majority of gains, indices have continued to trade in a narrow range. The Nifty has hovered around 11,300, while the Sensex is trading above 37,300-mark. Among sectors, FMCG continues to be the big loser, while banks have seen some recovery, pushing the indices above the flat line. But, midcaps have continued to trade weak and a combination of this along with consumer names is weighing on equity benchmarks.
The Sensex is up 19.38 points or 0.05% at 37310.05, while the Nifty is higher by 6.40 points or 0.06% at 11285.30.
The market breadth is negative as 950 shares advanced, against a decline of 1,500 shares, while 177 shares were unchanged.
Coal India, ONGC, BPCL and GAIL are the top gainers, while IndusInd Bank, Maruti, Zee Entertainment and Bajaj Finserv have lost the most.
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