Indian stock markets gave up nearly all of their gains in the afternoon trade as rupee extended its loss. A flat opening in most of the European markets and profit-taking after sharp gains on Thursday and Friday also weighed on the Sensex.
At 13: 26 pm, the Sensex was trading at 18,538.06, up just 18 points and down nearly 190 points from its day's high of 18,728.19. The Nifty was trading flat at 5,474.14, down nearly 55 points from its day's high.
In the broader markets, 1,146 stocks were up on the BSE while 948 were lower.
Among the Sensex stocks, Hindalco and JSPL added to its recent gains after positive industrial activity data from China. Hindalco was up nearly 3 per cent while JSPL rose 1.9 per cent. IT stocks were also among gainers as rupee weakened on Monday. Wipro was up 2.7 per cent while TCS rose 1.8 per cent.
Elsewhere, Hexaware shares were up 6.25 per cent to Rs 128.30. In a deal announced on Friday, Baring said will buy 27.7 per cent from Hexaware founders and 14.1 per cent from General Atlantic at a price of Rs 126 or 135 a share, with the higher price payable should the private equity firm manage to acquire 50 per cent or more.
At 13: 26 pm, the Sensex was trading at 18,538.06, up just 18 points and down nearly 190 points from its day's high of 18,728.19. The Nifty was trading flat at 5,474.14, down nearly 55 points from its day's high.
In the broader markets, 1,146 stocks were up on the BSE while 948 were lower.
Among the Sensex stocks, Hindalco and JSPL added to its recent gains after positive industrial activity data from China. Hindalco was up nearly 3 per cent while JSPL rose 1.9 per cent. IT stocks were also among gainers as rupee weakened on Monday. Wipro was up 2.7 per cent while TCS rose 1.8 per cent.
Elsewhere, Hexaware shares were up 6.25 per cent to Rs 128.30. In a deal announced on Friday, Baring said will buy 27.7 per cent from Hexaware founders and 14.1 per cent from General Atlantic at a price of Rs 126 or 135 a share, with the higher price payable should the private equity firm manage to acquire 50 per cent or more.
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