Sensex, Nifty give up gains after hitting fresh milestones

TCS, BHEL, Tata Power and GAIL were the top gainers

Sensex, Nifty give up gains after hitting fresh milestones, ONGC, BHEL up 1%. Benchmark indices have given up most of the gains and are trading flat, with the Nifty hovering around 10,500.

At 09:45 hrs IST, the Sensex is up 4.79 points or 0.01% at 33945.09, and the Nifty up 1.10 points or 0.01% at 10494.10. About 1292 shares advanced, against a decline of 695 shares, while 101 shares are unchanged.

Shares of Alembic Pharmaceuticals rose 1 percent in the early trade on Tuesday as its associate company Rhizen Pharmaceuticals received USFDA approval for cancer drug.

The Indian market began the truncated week on a positive note, with the Nifty trading above 10,500-mark.

At 09:16 hrs IST, the Sensex is up 60.81 points or 0.18% at 34001.11, while the Nifty is up 7.30 points or 0.07% at 10500.30. The market breadth was positive as 596 shares advanced, against a decline of 163 shares, while 81 shares were unchanged.

TCS, BHEL, Tata Power and GAIL were the top gainers, while Tata Motors DVR, ITC, Infosys and Sun Pharma lost the most.

The Indian rupee opened marginally higher at 64.03 per dollar on Tuesday versus 64.05 on Friday.

The Indian 10-year benchmark yield has been continuously moving higher. It may continue to consolidate within a range of 7.25-7.30 percent for today.

The dollar index held steady shrugging off upbeat Japanese economic data.

Asian markets were mixed early in the Tuesday session in what’s likely to be light, holiday-week trading.

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