Sensex, Nifty, Midcap consolidate; Eicher, Bharti Infra surge
Equity benchmarks as well as broader markets continued to consolidate due to mixed trade in Asian peers and lack of domestic cues.
The market has opened on tepid note with the Sensex up 10.05 points at 27940.26. The Nifty is up 15.75 points at 8641.45. About 492 shares have advanced, 189 shares declined, and 48 shares are unchanged.
BHEL, Hero MotoCorp, ICICI Bank, Lupin and Adani Ports are top gainers while HUL, ONGC, SBI, Wipro and Dr Reddy's Labs are losers in the Sensex.
The Indian rupee opened higher by 8 paise at 66.71 per dollar versus 66.79 Friday.
"The currencies continue to trade in a very narrow range ahead of the US Presidential election next week. The two-day FOMC starting today is expected to maintain status quo."
Asian stocks wallowed near six-week lows as investors braced for a looming raft of economic and central bank events.