Shares have begun the day on a positive note, with the Nifty trading above 10,750-mark. The Sensex is trading above 35,200-levels.
The Sensex is up 58.73 points at 35266.87, while the Nifty is up 12.70 points at 10728.20. The market breadth is positive as 532 shares advanced, against a decline of 205 shares, while 59 shares are unchanged.
Among stocks, ICICI Bank is trading higher by around 5 percent, while Lupin has staged a recovery from Monday’s low points. Other gainers include Titan, ITC, Tata Steel and Yes Bank. On the losing side, Infosys and other IT stocks are trading lower, largely on the back of a rub-off of Cognizant’s earnings trends. Oil stocks, IOC and BPCL are trading lower on the back of higher oil prices.
On a sectoral basis, financials and pharmaceuticals are trading in the green. The Nifty IT index is down around one third of a percent. Midcaps, meanwhile, are trading flat.
ICICI Bank, Lupin and Dr Reddy's Laboratories are the top gainers, while IndusInd Bank and Infosys have lost the most.