Benchmark indices remained flat after recovery from day's low. The Sensex was down 19.62 points at 26606.84 and the Nifty declined 1 point to 8184.80. About 1816 shares advanced against 804 declining shares on the BSE. Benchmark indices recouped losses in afternoon trade with the Nifty reclaiming 8200, driven by auto and pharma stocks. The 30-share BSE Sensex was up 28.71 points at 26655.17 and the 50-share NSE Nifty gained 13.45 points at 8199.25. About 1800 shares advanced against 778 declining shares on the BSE. Nifty Auto index gained nearly 2 percent as analysts do not expect major impact of demonetisation on earnings, especially after considering December auto sales.
Tata Motors, Mahindra & Mahindra and Maruti Suzuki gained 2-3.5 percent. Tata Steel climbed nearly 4 percent followed by Adani Ports while HDFC and SBI retained top position in the selling list, down 3.5 percent and 2 percent, respectively.
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