MARKET LIVE: Indices recover, Sensex up 100 pts; FMCG stocks gain

The Indian markets were trading with mild gains after recouping all of the early morning losses on Thursday ahead of the expiry of June series derivative contracts.

The S&P BSE Sensex hovered around 35,000 levels, up 130 160 points, having earlier plunged to as low of 34,500 levels. The Nifty50 index reclaimed the 10,300-mark. ITC (up 2%) was the top Sensex fainer, followed by Bajaj Auto and IndusInd Bank (both up 1%).

Among individual stocks, Canara Bank dipped 5 per cent as its losses widened during March quarter of FY20 (Q4FY20). Bharti Infratel also declined after the company pushed the deadline for completion of merger with Indus Towers by over two months.

All the Nifty sectoral indices, except Nifty FMCG index, were trading in the red, led by Nifty Bank index, down 2 per cent.