Delhi, 28 October (H.S.): Indian stock markets exhibited volatility during early trading on Tuesday, with benchmark indices trading on a flat note after surrendering initial gains. Following a lower opening, the indices briefly recovered as buyers stepped in, but they soon retreated into negative territory due to profit-taking pressure.

As of 10 AM, the BSE Sensex was trading with a marginal loss of 0.052 percent, while the NSE Nifty 50 was down by 0.04 percent. The market's movement was characterized by a tussle between buyers attempting to drive prices up and sellers booking profits from recent highs.

Among the major stocks, Hindalco Industries, Tata Steel, State Bank of India, and Larsen & Toubro were the top performers, gaining between 0.94 percent and 1.56 percent. In contrast, stocks such as ICICI Bank, InterGlobe Aviation, Bajaj Finance, and Bajaj Finserv faced selling pressure, trading with losses.The broader market sentiment was mixed.

Out of 2,244 actively traded shares, 1,349 were advancing in the green, while 895 were declining. The Sensex pack was evenly split, with 15 stocks gaining and 15 falling. On the Nifty 50, 19 shares were trading higher, while 31 were in the red.

The BSE Sensex began the day at 84,625.71, down 153.13 points. It quickly rallied to an intraday high of 84,986.94 before profit-taking erased the gains, bringing the index down to 84,735.04.

Similarly, the NSE Nifty opened at 25,939.95 and climbed to a high of 26,041.70 before paring its gains to trade at 25,956.75.This session follows a strong closing on Monday, where the Sensex had surged by 0.67 percent and the Nifty had risen by 0.66 percent.

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Hindusthan Samachar / Jun Sarkar