Equity benchmark indices were volatile in late morning on Wednesday amid mixed global cues.The Sensex was down 5 points at 36,443, while the Nifty was up 6 points at 10,928.
The Nifty Media index was the best sectoral performer and was up 2%. TV18 Broadcast jumped over 3.5%, whereas Sun TV, Zee, Hathway, Network18, and Den Networks were the other gainers.
Shares of Den Networks and Hathway Cable and Datacom rose after the Competition Commission of India (CCI) approved their acquisition by Reliance Industries.
In the FMCG space, Colgate, HUL, and Britannia led the rally. Shares of ITC were up 1% ahead of its Q3FY19 numbers.
The Nifty Metal index was up ~1% at 2,899.60. Nalco surged 3%, followed by Tata Steel, JSW Steel, and Jindal Steel.
The Nifty Pharma index was also trading slightly higher at 8,931 with shares of Piramal, Sun Pharma, Dr.Reddy’s, and Aurobindo Pharma up in the range of 1% each.
On the other hand, the Nifty IT index was down 0.11% at 14,945. Infosys slipped 1%, followed by TCS, and NIIT Tech. On the flip side, Wipro rose 2% to trade at its highest levels since February 2000. The stock was among the top gainers on the Nifty50 index.
Zee, Wipro, and HUL were the top Nifty gainers, while Infosys, Adani Ports, and TCS were among the top losers.
The most active stocks were ICICI Prudential, Reliance Industries, Sun Pharma, and Yes Bank.
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