Sensex trims gains, Nifty trades around 10,750; midcaps give up gains

Equities are now steadying after witnessing a strong rally through the morning. The Sensex is up over 290 points, while the Nifty is trading around 10,750-mark. About 1567 shares have advanced, 1179 shares declined, and 273 shares are unchanged.

Gains in HDFC twins have added to the momentum, while ICICI Bank’s rally pushed up Bank Nifty. Auto index is seeing some correction, led by a fall in Eicher Motors and Hero MotoCorp of around 2 percent.

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Posted in: Indian Market Tips