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The key indices erased their opening gains and were being traded flat due to lack of directions from global markets. The BSE index Sensex was down 1.12 points at 33,776.26 and the 50-share NSE index Nifty was up 7.4 points at 10,45.60 in the later morning hours.
Sun Pharma gained 1.76%, L&T up 1.37%, Hero MotoCorp rose 1.32%, Tata Steel up 0.74% and HDFC rose 0.7%, as the top Sensex gainers while M&M, ICICI Bank, HUL, Infosys and IndusInd Bank were the major losers.
Shares of RCom gained 4 percent today after a report said that Reliance Jio Infocomm leads the race to acquire the company’s assets.
BSE realty index rose 3.01%, followed by metal 0.75%, infrastructure 0.69% and capital goods 0.64%, while banking index fell 0.34%, auto 0.3% and PSU 0.18%.
PSU Bank, Auto, Realty and Bank Nifty Index are the top losers on the NSE, while Nifty Media, Pharma and Metal Index were the top gainers.
Among specific stocks, stocks of Varun Beverages Limited rose 7 percent as the company has entered into a binding accord with PepsiCo to acquire franchisee rights.
Shares of Repro India gained in third straight session rising 3 percent after a promoter bought stake in the company.