Sensex, Nifty off day’s high; Infosys, Tata Motors, Hindalco up

The market erased more than half of gains due to selling in oil, banks and select FMCG stocks. The Sensex rose 37.29 points to 25306.93 and the Nifty advanced 17.45 points to 7730.50.

The broader markets also lost some shine, rising 0.3 percent each but the market breadth remained positive. About 1325 shares advanced against 750 declining shares on BSE.

Hindalco Industries topped buying list on Sensex, up 4 percent followed by Infosys, Tata Motors, M&M, Dr Reddy’s Labs, Wipro, Bajaj Auto and Tata Steel with more than 1 percent upside. ITC, Lupin and ONGC were down more than 1 percent.

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Posted in: Indian Market Tips