Sensex surges over 200 points in opening trade; Nifty falls 6.55 points
Ahead of US Federal Reserve's policy outcome due later in the day amid mixed global cues, the benchmark Sensex turned choppy after surging over 200 points in the early trade today.
The Sensex opened at 36,936.64 points touched a high of 36,938.74 points and a low of 36,745.80 points during the morning session of the trade.
The Sensex is trading at 36,789.92 points, up by 137.86 points or 0.38 per cent from its Tuesday`s close at 36,652.06 points. Investors were cautious ahead of the expiry of September derivative contracts Thursday.
The BSE 30-share barometer slipped in the negative terrain after advancing 200.76 points. It was trading 58.50 points, or 0.15 per cent, lower at 36,593.56.
The gauge had gained 347.04 points in the previous session. The NSE Nifty fell 6.55 points, or 0.05 per cent, to 11,060.90.
FMCG, oil and gas and IT stocks led the decline in the market. While, metal and pharma shares led the gainers' pack.
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On Sensex, Wipro, ITC, HUL, ONGC, Kotak Bank, Maruti and Tata Motors were among the top losers, falling up to 2 per cent.
On the other hand, Yes Bank emerged top gainer by rising 2.34 per cent after the board on Tuesday sought at least a three-month extension for MD and CEO, Rana Kapoor, from RBI beyond January 31, 2019.