Nifty holds 10,700 mark; Metal, IT stocks lead
Benchmark equity indices were trading flat on Wednesday, tracking weak global cues after US President Donald Trump pulled out of Iran deal.
At 11:05 AM, the BSE Sensex was down 42 points or 0.12% at 35,258, and the Nifty was down mere five points at 10,725.
Deccan Gold Mines stock rallied 19% on the BSE. The apex court has set aside a Karnataka High Court order, which granted the state permission to set aside Hutti gold mines in the northern part of the state for state-owned miner.
In the broader market, the BSE Midcap was marginally lower by 0.31%, while the BSE Smallcap was marginally up by 0.22%.
Out of 2,037 stocks traded on the NSE, 804 advanced, 802 declined and 431 remained unchanged today.
OMC stocks have taken a hit because of higher crude oil prices. BPCL, HPCL and IOC were trading 2.5%-3% lower.
Suven Life Sciences rose 1% as company secured product patents in Australia, Eurasia and Europe.
Tata Motors (+2.7%), Titan (+2.3%), HCL Tech (+1.5%), Infratel (+1.4%) and Hindalco (+1.3%) were the top gainers on the NSE.
BPCL (-3.4%), HPCL (-3.1%), IOC (-2.7%), UltraTech (-2%) and SBI (-1.1%) were the top losers on the NSE.