Nifty hovers around 11,050-mark; Indiabulls Housing, ICICI Bank stocks lead

On the sectoral front, the Auto index is down by a percent dragged by Tata Motors which fell over 4% followed by Eicher, TVS Motor and Bosch.

Sep 12, 2019 08:09 IST India Infoline News Service

Equity benchmark indices were trading higher in afternoon trade ahead of the release of macroeconomic data. Investors are also eyeing the European Central Bank's meet and are pinning hopes on monetary policy easing.

The Sensex was up 42 points at 37,312, while the Nifty gained 12 points and is trading at 11,048 levels. Indiabulls Housing Finance, UltraTech Cement, ICICI Bank, Grasim Industries and HDFC are among the top gainers, while the top losers include Yes Bank, Tata Motors, Eicher Motors, Maruti Suzuki and Axis Bank.

On the sectoral front, the Auto index is down by a percent dragged by Tata Motors which fell over 4% followed by Eicher, TVS Motor and Bosch.

The Nifty IT index is also trading lower by 138 points. OFSS, TCS, Wipro and Mindtree stock fell 1-2%, respectively.

Further, Bank Nifty was trading in the positive zone led by ICICI Bank, which added over 2.5%. Bank of Baroda, IndusInd Bank, and HDFC Bank were among other gainers in the banking index.

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