Sensex pares all gains to turn red; TCS Q4 earnings eyed

The benchmark indices on Tuesday pared all intraday gains to slip in red after snapping three straight sessions of falls as the March quarter earnings season kicked off with banks rallying on expectations of robust earnings.

At 1:29 pm, the S&P BSE Sensex was trading at 29,373, down 40 points, while the broader Nifty50 was ruling at 9,121, down 9 points. 

In the broader market, the BSE mid-cap and small-cap indices hit their respective record highs after a strong rally in Adani Group, financials, infrastructure and hotel stocks.

The market breadth, indicating the overall health of the market, was positive.