Sensex erases opening gains, Nifty holds 10,050; Midcap outperforms

Equity benchmarks erased early gains, with the Sensex down 27.38 points at 32,298.03 and the Nifty down 3.45 points at 10,062.95.

TCS, Infosys, HUL, Reliance Industries, HCL Technologies, Yes Bank and ONGC were under pressure while ICICI Bank, Tata Steel, Maruti Suzuki, Hero Motocorp and Vedanta gained strength.

The broader markets outperformed benchmarks, with the BSE Midcap and Smallcap indices rising half a percent each. About two shares advanced for every share falling on the BSE.

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Posted in: Indian Market Tips