The key domestic benchmark indices were alternately swinging between positive and negative zone near the flat line after a rangebound movement was witnessed during the afternoon trading session on Monday as the second largest software services firm Infosys cut its dollar revenue guidance for the fiscal despite posting a 9.8 per cent growth in its July-September quarter net profit.
IT bellwether Infosys cut its FY 16 dollar revenue guidance to 6.4-8.4 per cent from 7.2-9.2 per cent. Meanwhile, investors also keenly eyed key macroeconomic data i.e.IIP and inflation numbers, to be released later in the day.
At 01:20 PM, the Bombay Stock Exchange bellwether Sensex was at 27089.12 up by 9.61 points or by 0.04 per cent, while the NSE Nifty was at 8197.8 points, trading higher by 8.1 points or by 0.1 per cent.
The BSE Sensex touched an intraday high of 27305.04 and an intraday low of 27005.84 while the NSE Nifty touched an intraday high of 8244.5 and an intraday low of 8170.4
The top gainers of the BSE Sensex pack were Vedanta Ltd. (Rs. 113.50,+9.56 per cent), Hindalco Industries Ltd. (Rs. 91.30,+9.15 per cent), Tata Steel Ltd. (Rs. 260.80,+4.01 per cent), Tata Motors Ltd. (Rs. 366.05,+2.85 per cent), Bharat Heavy Electricals Ltd. (Rs. 207.60,+2.75 per cent), among others.
Meanwhile, Infosys Ltd. (Rs. 1138.40,-2.52 per cent), Housing Development Finance Corporation Ltd. (Rs. 1268.10,-1.75 per cent), Lupin Ltd. (Rs. 2030.00,-1.27 per cent), Cipla Ltd. (Rs. 680.00,-1.18 per cent), Tata Consultancy Services Ltd. (Rs. 2603.00,-1.02 per cent) , were among the top losers on BSE.
The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2699 shares traded, 1448 shares advanced, 1142 shares declined while 109 were unchanged.
Globally, the Asian peers were trading higher today with Chinese stocks leading the gains in Asian markets on stimulus measures from China and signals of reform in China's telecommunications sector. In mainland China, the Shanghai Composite was currently up 3.13 per cent following China's central bank announcment over the weekend that it will expand a relending trial to nine more cities and provinces, including Shanghai and Beijing.