Indian benchmark indices trimmed all the early gains during the late morning deals dragged by Vedanta, Tata Consultancy Services, Tata Steel , Mahindra & Mahindra and Kotak Mahindra Bank Ltd. among others.
The Indian rupee is trading flat at 71.43 per dollar, with domestic equity market are marginally higher on October 17. The local currency opened marginally higher at 71.38 per dollar against previous close 71.43.
After three consecutive sessions of losses, shares of Indiabulls Housing Finance (IBH) traded in positive territory in morning trade on October 17, jumping about 7 percent on BSE, a day after the company said CRISIL has reaffirmed its long-term and short-term ratings.
At 11:35 hours, the 30-share benchmark index was trading at 38601.77 up by 2.78 points or by 0.01 % and then NSE Nifty was at 11453.45 down by -10.55 points or by -0.09 %.
Sensex touched intraday high of 38702.89 and intraday low of 38557.43 The NSE Nifty touched intraday high of 11482.6 and intraday low of 11439.65
The top gainers of the BSE Sensex pack were IndusInd Bank Ltd. (Rs. 1290.00,+1.22%), Asian Paints Ltd. (Rs. 1781.85,+0.91%), Mahindra & Mahindra Ltd. (Rs. 589.20,+0.87%), Housing Development Finance Corporation Ltd. (Rs. 2064.00,+0.68%), Hindustan Unilever Ltd. (Rs. 2084.35,+0.61%), among others.
The top losers of the BSE Sensex pack were Vedanta Ltd. (Rs. 145.80,-2.61%), Tata Consultancy Services Ltd. (Rs. 2014.75,-1.52%), Mahindra & Mahindra Ltd. (Rs. 718.55,-1.21%), Tata Steel Ltd. (Rs. 343.40,-1.17%), Kotak Mahindra Bank Ltd. (Rs. 1588.60,-1.09%), among others.
Among the sectors, FMCG index was at 11756.78 up by 62.99 points or by 0.54%. Bajaj Consumer Care Ltd. (Rs. 259.50,+10.59%), Emami Ltd. (Rs. 346.20,+8.56%), Kwality Ltd. (Rs. 2.05,+4.59%), Eveready Industries India Ltd. (Rs. 37.60,+3.87%), Andrew Yule & Company Ltd. (Rs. 12.47,+3.83%),.
On the flip side, Metal index was at 8802.14 down by -91.73 points or by -1.03%. National Aluminium Company Ltd. (Rs. 40.00,-3.96%), Vedanta Ltd. (Rs. 145.80,-2.61%), Hindalco Industries Ltd. (Rs. 184.55,-1.94%), Steel Authority of India (SAIL) Ltd. (Rs. 32.35,-1.37%), JSW Steel Ltd. (Rs. 217.25,-1.34%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2259 , shares advanced were 1041 while 1048 shares declined and 170 were unchanged.