The Nifty50 and Sensex erased their early gains and traded lower as selling pressure in banking stocks weighed on market sentiment. Investors assessed the outcome of the Reserve Bank of India's monetary policy meeting, where the central bank kept the repo rate unchanged and maintained its neutral policy stance.
At 14:30 hours, the 30-share benchmark index was trading at 78308.93 down by -120.02 points or by -0.15 % and then NSE Nifty was at 24507.45 down by -107.45 points or by -0.44 %.
Sensex touched intraday high of 79055.38 and intraday low of 78292 The NSE Nifty touched intraday high of 24677.6 and intraday low of 24497.95
The top gainers of the BSE Sensex pack were UltraTech Cement Ltd. (Rs. 12160.00,+1.71%), State Bank of India (Rs. 1051.05,+1.55%), InterGlobe Aviation Ltd. (Rs. 5409.00,+1.48%), Mahindra & Mahindra Ltd. (Rs. 3450.00,+1.32%), NTPC Ltd. (Rs. 346.15,+1.23%), among others.
The top losers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2410.70,-1.60%), Bharat Electronics Ltd. (Rs. 386.15,-1.49%), Reliance Industries Ltd. (Rs. 1275.00,-1.39%), HCL Technologies Ltd. (Rs. 1340.10,-1.19%), Sun Pharmaceutical Industries Ltd. (Rs. 1941.00,-0.97%), among others.
Auto index was at 64594.38 up by 888.45 points or by 1.39%. Bosch Ltd. (Rs. 42790.00,+3.85%), Sona BLW Precision Forgings Ltd. (Rs. 819.10,+3.42%), Samvardhana Motherson International Ltd. (Rs. 154.80,+3.34%), UNO Minda Ltd. (Rs. 1254.00,+2.36%), Exide Industries Ltd. (Rs. 468.85,+2.27%),.
CGS index was at 77862.56 down by -310.03 points or by -0.4%. Cummins India Ltd. (Rs. 5374.85,-2.19%), Bharat Dynamics Ltd. (Rs. 1236.40,-2.11%), Data Patterns (India) Ltd. (Rs. 4458.00,-2.10%), Kirloskar Oil Engines Ltd. (Rs. 2232.65,-1.66%), Bharat Electronics Ltd. (Rs. 386.15,-1.49%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4645 , shares advanced were 2444 while 1955 shares declined and 246 were unchanged.