Equity benchmarks continued to see volatility in morning trade after investors digested Brexit in last Friday's trade. FMCG, infra, select banks and pharma stocks gained while technology, auto and metals stocks were under pressure
The BSE Midcap and Smallcap indices gained 0.4 and 1 percent, respectively. The market breadth was also positive as about three shares advanced for every share declining on Bombay Stock Exchange.
Markets continue to trade in a narrow range with Nifty holding on to the 8,050 mark. Weakness in technology shares amid an appreciating rupee is offsetting gains in the FMCG stocks.
The rupee shook off some of its earlier weakness and recovered 12 paise to 67.84 against the dollar today on increased selling of the US currency by banks and exporters.
Top 5 losers in the 30-share Sensex pack include TCS, Infosys, Tata Steel, Maruti Suzuki and Wipro down between 1%-2.5%. On the flip side, Dr Reddy’s Lab, HUL, SBI, NTPC and Axis Bank are up between 0.7%-2%.
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