Stock Market Live: Sensex and Nifty Trade Flat Amid Mixed Sector Performance
The Indian equity benchmarks erased their early morning gains as losses in major stocks like Bharti Airtel and L&T were balanced by gains in M&M and Eicher Motors. Both the BSE Sensex and the NSE Nifty 50 remained nearly unchanged, trading at 84,291 and 25,949 respectively.
Currency Market Update
In the currency market, the Indian rupee opened stronger against the US Dollar. The local currency gained two paise, reaching 90.56 against the greenback.
Sectoral Performance
Sector performance was mixed throughout the morning:
- Top Loser: The NSE Nifty PSU Bank Index led the decline with a 1% fall. Overall, 11 out of 15 sectoral indices tracked by the NSE were trading in the red.
- Top Gainer: The NSE Nifty Auto Index was the strongest performer, rising 1.6% thanks to gains in Mahindra & Mahindra.
Market Breadth
The overall market sentiment leaned toward sellers. On the NSE, approximately 1,900 stocks declined, while 1,547 stocks advanced.
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