Sensex, Nifty off day’s high; subdued listing for HPL Electric

Equity benchmarks as well as broader markets erased more than half of early gains amid consolidation. Oil, FMCG and pharma stocks continued to support the market whereas banks and infra stocks were under pressure ahead of RBI monetary policy.
The 30-share BSE Sensex was up 65.11 points at 28308.40 and the 50-share NSE Nifty up 18.00 points at 8756.10. The BSE Midcap and Smallcap indices gained 0.2 percent each on positive breadth.

About 1368 shares advanced against 781 declining shares on the BSE.

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