Benchmark indices erased some gains in afternoon trade, especially after the BSE Sensex hit a record high of 31,522.87 intraday. Other reason was a further fall in European bourses.
The 30-share BSE Sensex was up 89.37 points at 31,373.01 and the 50-share NSE Nifty rose 19.80 points to 9,653.40.
Even the market breadth turned negative as about 1,330 shares declined against 1,260 advancing shares on the BSE.
HUL and Lupin extended losses to over 2 percent while ICICI Bank and HDFC Bank erased morning gains. HDFC, Reliance Industries, ITC, Kotak Mahindra Bank, SBI, Asian Paints and Sun Pharma gained 1-2 percent.
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