Share market today: The two key equity benchmark indices, Sensex and Nifty, on Thursday erased their opening gains and trade flat amid mixed global cues. At 11.10 am, the BSE Sensex dropped 123 points to 82,230. On the other hand, the NSE Nifty50 was trading at 25,186, down 12 points.


Stock update


On the 30-share Sensex platform, Nestle, L&T, Airtel, Maruti, M&M, Bajaj Finance were among the losers. On the flip side, Titan, ITC, Tata Steel, UltraCemco, SBI, JSW Steel emerged gainers.         


Sectoral update


Sectorwise, selling pressure is evident in the auto, capital goods, power, and real estate sectors, while buying interest is observed in healthcare and media stocks.


In the previous session on Wednesday, the BSE Sensex dropped 203 points to close at 82,353, while the NSE Nifty50 halts 14-day rally, slipping 81 points to settle at 25,199.


"FIIs turning net buyers of domestic equities in past few sessions has been lending a major support," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.


Global update


In Asian markets, Seoul and Shanghai were trading higher while Tokyo and Hong Kong quoted lower. The US markets ended on a mixed note on Wednesday.


Europe is set for a mixed open, with EUROSTOXX 50 futures off 0.2 per cent and FTSE futures up 0.2 per cent, ahead of the inflation data from Germany and Spain where any downside misses could add to the case of more policy easing in Europe.


Foreign Institutional Investors (FIIs) bought equities worth Rs 975.46 crore on Wednesday, according to exchange data.


Global oil benchmark Brent crude traded 0.19 per cent higher at $72.84 a barrel.


Rupee rises 4 paise


The rupee appreciated by 4 paise to 83.97 against US dollar in early trade on Thursday supported by weakening of the American currency in the overseas market and a positive trend in domestic equities. Forex traders said an overall drop in crude oil prices and foreign fund inflows aided investor sentiments.


At the interbank foreign exchange market, the local unit opened at 83.98, then inched further to touch 83.97, registering a rise of 4 paise from its previous close. On Wednesday, the rupee breached the crucial 84-mark for the second time within a month and settled 3 paise lower at 84.01 against the American currency.