Sensex, Nifty give up opening gains; FMCG, metal stocks drag

They gave up early gains in the absence of any positive direction from the Asian markets.
Equity benchmark indices Sensex and Nifty opened with gains on Tuesday morning. However, they gave up early gains in the absence of any positive direction from the

At 10.30AM, D-street was trading down 51 points at 37,871 levels, while Nifty was trading down 7 points at 11,431 levels.

Indices were mainly dragged down by FMCG and metal stocks, with FMCG losing over a percent. The top losers among this sectoral index were Godrej and ITC (over 2%), closely followed by Hindustan Unilever and Marico, which witnessed an over 1% drop.

Overall in stocks, gains in M&M, Bajaj Finserv, and Axis Bank were offset by losses in ITC, Titan, and Infratel on the NSE.

The market breadth, meanwhile, was nuetral, with 869 stocks advancing, 747 stocks declining, and 447 remaining unchanged.

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