Bajaj Finserv, IndusInd Bank, Tata Steel and HDFC acquired 1-2 per cent each on the BSEThe benchmark indices are controlled in afternoon trading as gains in heavyweights such as Tata Steel and HDFC have been negated by losses in Reliance Industries, M&M and Maruti Suzuki.
As of 1:00 pm, the Sensex was at 52,883, up 16 points and the Nifty was at 15,814, down 3 points.
The broader markets, including the BSE Mid- and small-cap indices, were also trading flat in line with their large-cap peers.In the currency markets, the rupee depreciated 15 paise to 74.70 against the United States dollar on Wednesday amidst a weak risk cravings in the region.
At the interbank foreign exchange, the rupee opened at 74.60 against the dollar and then fell to 74.70.
Foreign institutional financiers were net sellers on Tuesday as they offloaded shares worth Rs 543.30 crore, exchange data programs.
The equity benchmarks edged lower on Tuesday, with the Sensex ending lower by 19 points at 52,861 and Nifty index decreasing 16 indicate settle at 15,818.
On the stock-specific front, select monetary stocks were seeing purchasing interest.
Bajaj Finserv, IndusInd Bank and HDFC gained 1-2 percent each on the BSE.
L&T, Bharti Airtel and Tata Steel were the other considerable gainers among the BSE stocks.On the other hand, Titan, M&M and Reliance Industries had losses of around a per cent each on the BSE.And Tata Motors rebounded from intra-day lows and was trading flat.
Tata Motors shares had crashed as much as 10 percent prior to closing with losses of 8 per cent on Tuesday, after luxury carmaker Jaguar Land Rover Automotive issued an earnings caution citing the effect of semiconductor chip scarcity on vehicle production.The BSE market breadth was mildly favorable.
Out of 3,232 stocks traded on the BSE, there were 1,662 advancing stocks as against 1,419 decreases.