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MARKET LIVE: Sensex, Nifty pare losses, turn flat; IT, PSBs rally

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Stock market live updates:

The frontline indices opened with minor cuts on Thursday amid subdued global sentiment. 

The BSE Sensex fell 200 points to 55,257, while the NSE Nifty shed 60 points to 16,450. 

Among the Sensex-30 shares, HUL, ITC, HDFC twins, Nestle and NTPC were the top laggards, down up to 1.3 per cent.  HeroMoto Corp, Apollo Hospitals, SBI Life, and Tata Consumer were the additonal losers on the Nifty. 

Asian Paints, Reliance, TCS, Tata Steel, Infosys, Wipro, and Cipla meanwhile were the top gainers on the two benchmarks. 

In the broader markets, the BSE MidCap and SmallCap indices opened flat. 

Sectorally, Nifty Financials, FMCG, Banks and Auto indices were notable losers, down up to 1 per cent. On the flip side, IT and PSB indices on the Nifty held strong gains of around a per cent each. 

Among stocks, Delta Corp rose around 2 per cent. The company’s subsidiary Delta Pleasure Cruise has commenced management of operations of a casino, taking the total number of casinos to five in Goa. 

Religare Enterprises soared over 5 per cent. The company said it has resolved many legacy issues left over by its erstwhile promoters, including settlement with SEBI and becoming debt free.

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