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MARKET LIVE: Sensex, Nifty wipe off early gains, turn flat; Auto, PSBs gain

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Among the Sensex-30 shares, Asian Paints, Maruti, HUL, SBI, Ultratech Cement, Bajaj Finserv, Bharti Airtel, Axis Bank and IndusInd Bank were the top gainers, up to 3 per cent higher. Britannia, and Shree Cement were the additonal Nifty winners.

Infosys, RIL, Tata Steel, ONGC, Hindalco and JSW Steel, meanwhile, were the top laggards across the two benchmarks. 

In the broader markets, the BSE MidCap and SmallCap indices also opened in the positive territory, up to 0.86 per cent higher. 

Sectorally, Nifty Auto, FMCG, Media and PSB indices led gains, up to 1 per cent. On the other hand, Nifty IT, Metals and energy packs were in the red. 

Among stocks, GNFC rose 6 per cent. The company’s Q4 net profit more-than-doubled to Rs 643.26 crore in the quarter ended March 2022 when compared with Rs 308.91 crore in the corresponding quarter a year ago. 

PVR also gained 4 per cent as the multiplex chain operator reported narrowing of its consolidated net loss to Rs 105.49 crore for the fourth quarter ended in March 2022 when compared with a net loss of Rs 289.21 crore in the January-March quarter a year ago.

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