Sensex, Nifty, Midcap off day’s highs; HPCL, BPCL, IOC erase gains

Oil stocks were also off day’s highs on profit booking.

The 30-share BSE Sensex was up 41.21 points at 32,227.62 and the 50-share NSE Nifty rose 7.90 points to 10,087.20.

The BSE Midcap and Smallcap indices trimmed gains to half a percent from 1 percent in early trade. About 1,341 shares advanced against 847 declining shares on the BSE.

Oil marketing companies wiped out early gains on profit booking.

IOC, HPCL and BPCL were down up to 1.5 percent after rising 4-5 percent in early trade as the government ruled out intervention in daily revision of fuel prices.

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Posted in: Indian Market Tips