India's stock benchmarks pared gains as losses in metal, auto and banking stocks offset gains in energy, information technology, telecom, and oil and gas stocks.
The Sensex gained nearly 100 points or 0.17% to 57,240 on the BSE, while the Nifty 50 advanced 0.11% to 17,034.90 on the NSE. Both the gauges had risen 1% during early trade, before paring gains. Among Nifty 50 constituents, 28 stocks rose while 22 fell.
Bharat Petroleum Corporation Ltd., Shree Cement Ltd., IndusInd Bank Ltd., Power Grid Corporation of India Ltd., and ONGC Ltd. were the top gainers.
Hero Motocorp Ltd., Tata Steel Ltd., Titan Ltd., Bajaj Auto Ltd., and Apollo Hospitals Enterprise Ltd. were the top laggards.
The mid cap index underperformed its larger peers losing 0.2%, while the small cap gauge almost mirrored Sensex and Nifty. Ten of the 19 sectoral indices compiled by BSE Ltd. declined with metal index losing 1.1%.
On the flipside, oil & gas and energy measures gained over 1%.
The market breadth is skewed in the favour of bulls. About 1,738 stocks rose, 1,547 fell and 153 remained unchanged.
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