Barometers sharply pared gains in mid-morning trade as profit selling emerged at higher levels. The Nifty gave up 14,750 level and edged lower. All sectoral indices on the NSE traded in green. Some selling was seen in FMCG and financial stocks.
At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 29.42 points or 0.06% at 49,538.51. The Nifty 50 index gained 27.5 points or 0.19% at 14,718.25.
In broader market, the S&P BSE Mid-Cap index gained 0.43% while the S&P BSE Small-Cap index added 1.27%.
The market breadth, indicating the overall health of the market, was strong. On the BSE, 1876 shares rose and 673 shares fell. A total of 131 shares were unchanged.