Market Live: Sensex erases opening gains, Nifty below 10,200; IOC falls for 4th day
Benchmark indices opened the week mildly higher amid volatility and mixed Asian cues on Monday. Political uncertainty after TDP exit from NDA government last week seems digested by the market.
The 30-share BSE Sensex was up 60.89 points at 33,236.89 and the 50-share NSE Nifty was up 21.40 points at 10,216.60.
Vedanta, Aurobindo Pharma, Dr Reddy's Labs, Cipla, Sun Pharma, GAIL, Yes Bank and HUL were early gainers.
HPCL, BPCL, IOC, Hero Motocorp, Axis Bank and Tech Mahindra were early losers.
Nifty Midcap was up 42 points.
HEG, Graphite India, NBCC, PNC Infratech, Sadbhav Infra, Ashoka Buildcon, United Bank, GMR Infrastructure, Syndicate Bank, Union Bank, PNB, IRB Infrastructure, Ramco Cements and Vakrangee gained up to 10 percent while SAIL and NMDC were under pressure.