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Sensex, Nifty Give Up Day's Gains; Consumer Goods Stocks Fall

Nov 18, 2019

Domestic stock markets have given up their early morning gains to trade flat.

The S&P BSE Sensex has shaved off nearly 200 points from intra-day highs and is at 40,353 , and the broader NSE Nifty benchmark is also virtually unchanged from the previous close at 11,899.

At 10.45 am, the S&P BSE Sensex was trading at 40,353  down 13 points and the broader NSE Nifty benchmark was at 11,0896, up one point.

Top percentage gainers on the 50-scrip index at the time were Bharti Airtel, BPCL and Tata Steel, trading between 2.7 per cent and 6 per cent higher.

Bharti Airtel, Sun Pharma and Tata Steel were the top contributors to the rise in Sensex.

FMCG index is a major drag on the markets in mid-morning trading, losing around half a per cent. In this sector, the FMCG heavyweights ITC  and HUL have shed about half a per cent each. 

Market breadth favored the advances, with 1,038 stocks trading higher on the BSE against 983 moving lower. On the NSE, 837 shares advanced while 809 declined.

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