New Delhi: The key equity benchmarks, Sensex and Nifty, on Tuesday started early trade with marginal gains amid high volatility in the stock market. As soon as the session progressed, the indices pared gains, however, recouped some of the losses and back to the green.
Investors seemed to be awaiting firm cues amid concerns over rising inflation and foreign fund flows in the wake of uncertain geopolitical situation.
At 10 am, the 30-share BSE Sensex was nominally up 30 points to 57,197, while the broader NSE Nifty was trading at 17,194, up 21 points.
Among the Sensex platform, Tata Steel, Reliance, Ultratech Cement, Bajaj Twins, L&T, HUL, Axis Bank, and Titan were the leading gainers, up 1-1.5 per cent. Coal India, Eicher Motors, Grasim and Tata Consumer were the top gainers on the Nifty.
However, HDFC twins, Infosys, Dr Reddy's, HCL Tech, Tech M, Bharti Airtel and Kotak Bank, meanwhile, were the top losers on the indices.
In the broader markets, the BSE Midcap and Smallcap indices were in the positive territory, up to 0.97 per cent.
12 out of the 15 sector gauges, compiled by the National Stock Exchange, were trading in the green. Nifty Metal and Nifty Auto were outperforming the index by rising as much as 1.22 per cent and 0.97 per cent, respectively. Nifty PSBs and Energy packs were leading by 0.9 per cent each. While, Nifty FMCG, IT, and Financials were subdued.
In the previous session on Monday, the benchmark index tanked 1,172 points (2.01 per cent) to settle at 57,166 points on Monday. The broader NSE Nifty plunged 302 points (1.73 per cent) to finish at 17,173 points.
In Asia, markets in Seoul, Shanghai and Tokyo were trading higher in mid-session deals, while Hong Kong traded lower. Stocks in the US had ended marginally lower on Monday.
International oil benchmark Brent crude gained 0.46 per cent to $113.68 per barrel.
Foreign institutional investors continued to offload shares worth Rs 6,387.45 crore on Monday, according to exchange data.