Delhi, 14 October (H.S.): The domestic stock market faced downward pressure during early trading on Tuesday as benchmark indices erased their initial gains amid profit-booking. After a strong opening, both the Sensex and Nifty saw a brief surge supported by buying interest before succumbing to selling pressure.

By 10 AM, the Sensex was trading down by 0.08 percent, while the Nifty registered a marginal decline of 0.02 percent.The BSE Sensex began the day on a positive note, opening at 82,404.54, up 77.49 points. It quickly climbed to an intraday high of 82,573.37.

However, the rally was short-lived as profit-booking set in, pulling the index down. At 10 AM, the Sensex was trading 61.80 points lower at 82,265.25.

Similarly, the NSE Nifty started the session at 25,277.55, a gain of 50.20 points. Supported by initial buying, it reached a high of 25,310.35 before retreating due to selling pressure. By 10 AM, the Nifty was trading at 25,222.95, down by a modest 4.40 points.

Market breadth indicated a mixed sentiment. Out of 2,132 stocks actively traded, 1,194 were advancing in the green, while 938 were declining in the red. Among the 30 Sensex constituents, 12 were trading with gains, whereas 18 were in negative territory. On the Nifty 50, 20 stocks were advancing and 30 were declining.

Top gainers among major stocks included Tech Mahindra, ONGC, Apollo Hospitals, Hindalco Industries, and Max Healthcare, which were up by 0.81 percent to 1.54 percent. On the other hand, major losers were Bajaj Finance, Maruti Suzuki, Axis Bank, Dr. Reddy’s Laboratories, and Cipla, which fell by 0.54 percent to 0.67 percent.

On the previous trading day, Monday, the Sensex had closed at 82,327.05, down 173.77 points (0.21%), while the Nifty ended the session 58 points (0.23%) lower at 25,227.35.

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Hindusthan Samachar / Jun Sarkar