Nifty choppy despite European markets extend 1% gains

14:22

Moneycontrol Bureau
Live Market Commentary
Equity benchmarks remained flat to positive amid choppy trade, despite the rally seen in European markets. France's CAC and Germany's DAX gained more than 1.2 percent while Britain's FTSE rose nearly one percent after a better-than-expected economic reports from US and Germany.

The BSE Sensex is up 23.00 points at 18652.15, and the Nifty is up 10.40 points at 5619.50 ahead of June expiry.

Shares of TCS and Hero Motocorp topped the buying list, rising more than 2.5 percent followed by state-owned NTPC and GAIL with 2.3 percent gains.

Index heavyweights ITC and Reliance Industries rose by 1.5 percent and 0.7 percent, respectively.

However, commercial vehicle major Tata Motors plunged 3 percent and utility vehicle maker Mahindra & Mahindra lost 3.5 percent.

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