Sensex, Nifty consolidate after 3-day gain; RBL, HCC most active
Equity benchmarks continued to consolidate after rallying in previous three consecutive sessions. Maruti Suzuki fell half a percent after August auto sales data with total sales growing 12.2 percent YoY.
The 30-share BSE Sensex was up 4.63 points at 28456.80 and the 50-share NSE Nifty rose 4.05 points to 8790.25 while the broader markets marginally outperformed.
RBL Bank, NDTV, Welspun India, HCC, Axis Bank and ICICI Bank were the most active shares on exchanges.
The market has opened flat as the Sensex is up 15.33 points at 28467.50. The Nifty is up 5.65 points at 8791.85. About 486 shares have advanced, 298 shares declined, and 42 shares are unchanged.
Tata Motors, Hero MotoCorp, ICICI Bank, Tata Steel and ITC are top gainers while Reliance, Bharti Airtel, Dr Reddy's Labs, HDFC Bank and L&T are losers in the Sensex.
The Indian rupee opened lower at 67.04 per dollar against previous close 66.96.
The US dollar rose to three-week highs against a basket of currencies after data showed that jobs gains in August were roughly in line with expectations, before paring gains on weak manufacturing data.
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