Benchmark indices erased early gains, dragged by HDFC, HDFC Bank
and Reliance Industries. The Sensex was down 28.01 points at 27260.16
and the Nifty fell 6.25 points to 8406.55 but the market breadth was
positive.
About 1207 shares advanced against 818 declining shares on the BSE.
The 30-share BSE Sensex was up 69.09 points at 27357.26 and the
50-share NSE Nifty gained 22 points at 8434.80 while the broader markets
outperformed.
The BSE Midcap and Smallcap indices gained more than 0.6 percent on
positive breadth. More than two shares advanced for every share falling
on the exchange.
ITC, Asian Paints, TCS, ICICI Bank, Axis Bank, Infosys, HUL and SBI
were leading contributors to Sensex’s gains, up 0.4-1.5 percent.
However, Reliance Industries shares fell 2 percent after December
quarter earnings.
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