The Sensex and Nifty pared their early gains and were trading marginally lower due to selling pressure in healthcare, IT and TECk counters amid firm Asian cues.
At 11.45 a.m., the 30-share BSE index Sensex was down 16.13 points or 0.05 per cent at 31,059.60 and the 50-share NSE index Nifty was up 0.15 point or 0.00 per cent at 9,578.20.
Among BSE sectoral indices, realty index was the star-performer and was up 1.36 per cent, followed by consumer durables 0.71 per cent, FMCG 0.59 per cent and oil & gas 0.15 per cent. On the other hand, healthcare index fell the most by 1.4 per cent, IT 0.6 per cent, TECk 0.49 per cent and infrastructure 0.04 per cent.
Top five Sensex gainers were ITC (+1.61%), Tata Motors (+1.13%), Coal India (+0.9%), (+0.81%) and GAIL (+0.74%), while the major losers were Lupin (-4.1%), Dr Reddy's (-2.13%), Cipla (-2.03%), Wipro (-1.97%) and Sun Pharma (-1.39%).
Early trade
The BSE Sensex rebounded 107 points and the NSE Nifty reclaimed the 9,600-mark propelled by export growth in May amid firm Asian cues.
Risk appetite got a push after India’s exports grew 8.32 per cent to $24.01 billion in May, mainly on account of robust performance by sectors like petroleum, chemicals, engineering goods as well as gems and jewellery.
Domestic sentiment was also buoyed as crude oil prices overseas fell to a 7-month low.
The 30-share index recovered sharply by 107 points or 0.34 per cent to 31,182.73, with all sectoral indices led by auto, consumer durables, realty and oil and gas trading in the positive zone.
The gauge had lost 80.18 points in the previous session. The NSE Nifty moved up by 30.10 points or 0.31 per cent to 9.608.15.
Asian shares
Asian stocks were steady on Friday, appearing to take in stride the resumption of the US technology rout overnight, while the dollar held near a two-week high after solid economic data backed the case for tighter US monetary policy.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat, on track to end the week down 0.7 per cent. Japan's Nikkei jumped 0.5 per cent, narrowing its loss for the week to 0.4 per cent.