Sensex, Nifty erase early gains; HDFC twins, Reliance drag

Epic Update HDFC Bank
Epic Update HDFC Bank

Benchmark indices erased early gains, dragged by HDFC, HDFC Bank and Reliance Industries.

The Sensex was down 28.01 points at 27260.16 and the Nifty fell 6.25 points to 8406.55 but the market breadth was positive.

About 1207 shares advanced against 818 declining shares on the BSE.

The 30-share BSE Sensex was up 69.09 points at 27357.26 and the 50-share NSE Nifty gained 22 points at 8434.80 while the broader markets outperformed.

The BSE Midcap and Smallcap indices gained more than 0.6 percent on positive breadth. More than two shares advanced for every share falling on the exchange.

ITC, Asian Paints, TCS, ICICI Bank, Axis Bank, Infosys, HUL and SBI were leading contributors to Sensex’s gains, up 0.4-1.5 percent. However, Reliance Industries shares fell 2 percent after December quarter earnings.
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