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Sensex pares early gains, turns choppy

Press Trust of India  |  Mumbai 

The benchmark trimmed early gains and turned choppy to trade flat amid ahead of (WPI) numbers to be released later today.

Buying was seen in realty, telecom, capital goods, consumer durables, metal, IT and

Banking, utilities and power stocks saw most selling activity.

The 30-share Sensex was trading 6 points, or 0.02 per cent, lower at 34,294.19 at 1200 hrs.

Meanwhile, the broader Nifty was trading at 10,545.20, up 5.45 points, or 0.15 per cent.

Major gainers were Bharti Airtel, Wipro, Adani Ports, and Reliance, rising up to 3 per cent.

Losers include SBI, PowerGrid, ICICI Bank, and Yes Bank, losing up to 2 per cent.

Punjab National Bank, which reported fraud of USD 1.17 billion at one of its branches, dropped over 7 per cent in morning trade.

Foreign portfolio investors (FPIs) sold shares worth Rs 814.11 crore on net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 1,342.70 crore on Monday, provisional data showed.

Most Asian stocks gained inched higher on positive cues from Wall Street, which rose for the third consecutive day in the last session.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 12:15 IST