Equity benchmark indices reversed early gains and currently trading marginally higher in the afternoon trade. On the macro front, India’s trade deficit narrowed 27.4% to a 7-month low of $10.86 bn in September 2019 from $14.95 bn in September 2018.
The barometer index, the S&P BSE Sensex was up 56 points at 38,561 and the Nifty50 index was up 29 points at 11,457. The S&P BSE Midcap index was marginally down at 13,934 levels and the Smallcap index was up 0.39%.
The market breadth was positive on the NSE, 931 shares rose, 764 shares fell and 432 shares were unchanged.
On the sectoral front, banking and financial stocks are trading higher led by ICICI Bank, IDFC First Bank, IndusInd Bank, RBL Bank, Bajaj Finance and HDFC.
BPCL, Zee Entertainment, Grasim Industries, Bajaj Finance and Coal India are among top gainers, while the top losers are Vedanta, Hindalco Industries, Adani Ports, Hero MotoCorp and GAIL India.
The most active stocks were BPCL, Bajaj Finance, Reliance Industries, Infosys and ACC.
Shares of Polycab India, SBI Life Insurance, MCX India, HDFC Life Insurance, Siemens and Adani Green hit a 52-week high on the BSE.
Further, in the commodity market, oil prices rebounded in Asia as hopes of a potential Brexit deal between the UK and EU emerged. US Crude Oil WTI Futures rose 0.3% to $52.97/bbl; international Brent Oil Futures also rose 0.3% to $58.91/bbl.
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