Equity benchmarks are trading lower, with the Nifty giving up 10,450-mark. The Sensex is down around one-fifth of a percent.
IT and pharmaceuticals are holding the fort for the market, while there is weakness in automobiles, banks, and the metals space.
The Sensex is down 71.57 points or 0.21% at 34662.01, while the Nifty is lower by 33.10 points or 0.32% at 10439.40. The market breadth is narrow as 1,024 shares advanced, against a decline of 688 shares, while 1,744 shares were unchanged.
Among sectors, IT and pharmaceuticals are holding the fort for the market, while there is weakness in automobiles, banks, and the metals space. The midcap index is marginally higher.
Shares of ITC, Sun Pharma, Dr Reddy’s and Indiabulls Housing are the top gainers, while Hindustan Unilever, ICICI Bank, HPCL and GAIL have lost the most.
OMCs fall Shares of oil marketing companies (OMCs) are trading lower by 1-4 percent amid rising crude oil prices. Here is a look at the intraday chart of IOC, BPCL and HPC
Crude Update:
Crude oil futures rose sharply as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long-term outlook for demand dragged on prices.
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