Indian equity benchmark indices BSE Sensex and NSE's Nifty 50 traded higher in the noon session on Tuesday, a day after the massive sell-off across all sectors. Global markets traded mixed as investors await the outcome of the US Federal Reserve's monetary policy meeting due on June 19.
At 11:40am, the Sensex was at 39,102.75, up 141.96 points or 0.35 percent while Nifty 50 was trading at 11,708.75, up 35.50 points or 0.30 percent. The Nifty Midcap 100 rose 0.37 percent and Nifty Smallcap 100 index was trading higher by 0.31 percent.
The Nifty FMCG index was the worst performing index during the noon session dragged majorly by Dabur, Emami, United Breweries and others. Meanwhile, Nifty Media was the best-performing sector in the green led by gains in Zee Entertainment, Inox Leisure, Network 18, Dish TV and others.
IndusInd Bank, Zee Entertainment, ICICI Bank, Vedanta and Power Grid Corporation were among the top gainers on the key indices, whereas Indiabulls Housing Finance, Bharti Infratel, Asian Paints, Hindalco and Britannia led losses.
Shares of HDFC Asset Management Company (HDFC AMC) fell over 6 percent on Tuesday after the company took Essel Group exposure on its books. It has offered exits to investors of some fixed-maturity plans (FMPs) impacted by the Essel Group exposure. The company will use shareholder money to repay the investors in full.
Jet Airways shares slumped 10 percent intra-day after the consortium of lenders led by the State Bank of India moved Mumbai bench of National Company Law Tribunal (NCLT) against the airlines.
Meanwhile, Asian stocks were mostly higher on Tuesday as investors awaited the start of a closely watched meeting by the US Federal Reserve, set to kick off later stateside.
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