Benchmark indices were mildly lower amid consolidation, tracking subdued trade in Asian markets, and after investors digested Moody’s India rating upgrade. The 30-share BSE Sensex was down 30.71 points at 33,312.09 and the 50-share NSE Nifty declined 15.80 points to 10,267.80. The broader markets outperformed benchmarks on positive breadth. About 1,359 shares advanced against 857 declining shares on the BSE.
Nifty and Sensex hold their morning gains as strong buying is seen in Metal, Banks, and Telecom Sector. Bharti Airtel leads the Telecom sector, shooting up by 7%, while Axis Bank pushes Bank index up for the third day. The S&P BSE Sensex is trading at 33,553, up by 340 points, while NSE Nifty is trading at 10,426 up by 90 points. The BSE Mid-cap Index is trading up by 0.79% at 16,718.99 whereas BSE Small-cap Index is trading up by 0.81% at 17,743.25. Bharti Airtel, SBI Bank, ICICI Bank, Axis Bank, and Vedanta Ltd are among the gainers, whereas Dr Reddy, UPL, TCS, Zee Entertainment, and Infratel are losing steam on NSE. Some buying seen in Metal, Banks, Telecom, and Basic Materials sectors, whereas IT sectors shows weakness on the BSE.