Stock update: On the 30-share Sensex platform, ITC, Nestle, ICICI Bank, Wipro, TCS, Kotak Bank were among the gainers.
The two key equity benchmark, Sensex and Nifty, on Wednesday erased their opening gains and trading flat amid volatility. At 9.50 am, the BSE Sensex was marginally up 32 points, 73,700. On the other hand, the NSE Nifty50 was trading at 22,318, down 18 points.
On the 30-share Sensex platform, ITC, Nestle, ICICI Bank, Wipro, TCS, Kotak Bank were among the gainers. ITC jumped 6 per cent, leading gains on the Sensex after BAT said it would sell 3.5 per cent stake in the company through block deals. On the down side, PowerGrid, NTPC, Tata Steel, Tata Motors, Airtel, Axis Bank emerged losers.
Among specific stocks, Jet Airways hit the 5 per cent upper circuit after NCLAT approved the transfer of its ownership to Jalan-Kalrock Consortium.
In the broader markets, the BSE Midcap and Smallcap indices were also trading flat.
Sectorwise, Nifty Metal and Oil & Gas indices dropped 1 per cent each, while Nifty FMCG advanced over 1.5 per cent.
In the previous session on Tuesday, the BSE Sensex closed 165 points higher at 73,668, while the NSE Nifty50 closed flat at 22,336, with a minimal increase of 3 points.