Equity indices shed early gains to trade in red; auto stocks fall (Lead)
According to analysts the indices were weighed down by heavy selling pressure on auto capital goods and banking stocks.
At 12.17 p.m. the wider Nifty50 of the National Stock Exchange (NSE) traded at 10 752.50 points down 19.55 points or 0.18 per cent from the previous close of 10 772.05 points.
Similarly the BSE Sensex which had opened at 35 644.05 points traded at 35 481.24 points (12.19 p.m.) -- down 66.09 points or 0.19 per cent -- from its previous session s close of 35 547.33 points.
The Sensex has so far touched a high of 35 678.69 points and a low of 35 476.85 points. The BSE market breadth was bearish with 1 521 declines against 785 advances so far.
The top gainers on the Sensex were ICICI Bank Adani Ports Reliance Industries Infosys and Vedanta whereas Power Grid Mahindra and Mahindra (M&M) ONGC Axis Bank and State Bank of India were the major losers.
On the NSE ICICI Bank Adani Ports and Tech Mahindra were the highest gainers while Power Grid Dr Reddy s Lab and M&M lost the most.
--IANS rrb/vm