Indian equity benchmark indices BSE Sensex and Nifty 50 were rangebound, after climbing to fresh all-time highs in early trades on Tuesday.
At 1:00 PM, the BSE Sensex was up 57 points, or 0.07, at 84,986, while the Nifty 50 was up 16 points, or 0.06 per cent, at 25,955.
At open, 20 of the 30 stocks on the BSE Sensex were in the red, with losses led by Hindustan Unilever, Infosys, HCLTech, Kotak Mahindra Bank, and Titan, while the gainers were JSW Steel, Tata Steel, Power Grid Corp., Tata Motors, and Larsen & Toubro.
On the Nifty 50, JSW Steel, Tata Steel, Power Grid Corp., BPCL, and LTIMindtree, were the top gainers, while losses were led by Apollo Hospital Enterprises, Reliance Industries, HDFC Bank, Tech Mahindra, and Nestle India.
Sectoral indices such as Nifty Bank, Financial Services, FMCG, IT, Consumer Durables and Oil & Gas, were trading in the red.
In contrast, the Metal index had surged ahead by 1.58 per cent, after China announced fresh stimulus measures for the economy.
Other sectoral indices trading in the green were Healthcare, Realty, Pharma and Media.
That apart, the broader markets were up, with the BSE MidCap and BSE SmallCap, each gaining around 0.2%.
On Monday, Indian equity benchmark indices BSE Sensex and Nifty 50 climbed to record highs, before finishing the trading session at all-time high levels.
The BSE Sensex gained 384 points, or 0.45 per cent, to close at 84,928.61, after touching a record high of 84,980 during the day.
The Nifty 50 also touched an all-time high of 25,956, before closing 148 points higher or 0.57 per cent ahead at 25,939.
Asian stocks were perched at their highest levels in more than two months on Tuesday as expectations for more US rate cuts kept risk sentiment aloft, while investors awaited a policy decision from Australia’s central bank.