The BSE Sensex and Nifty were trading flat, paring gains
from earlier in the session, dragged down by a 2.24 percent decline in
index-heavyweight HDFC.
At close, the Sensex and the Nifty were down about 0.05
percent each to 28,163 and 8,425, respectively. In the broader market, mid and
small cap shares, as measured by their BSE benchmarks, rose 0.27 percent and
0.95 percent.
Among sector gainers, sugar stocks witnessed strong
buying amid hopes the government will soon announce sops to boost exports while
jewelry stocks were down on reports fresh import curbs will be brought in for
gold.
Telecom stocks too rose in trade led by bellwether Bharti
Airtel, which was up 1.6 percent. Logistics shares continued their recent
rally, with Container Corp and Snowman Logistics climbing 5 percent each while
Patel Integrated was up 10 percent.
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