Benchmark Indian equity indices BSE Sensex and Nifty 50 tumbled into negative territory at noon.

At 12 PM, the BSE Sensex was 54.23 points, or 0.07 per cent lower at 80,791.52, while the Nifty 50 was at 24,429, down 27.50 points, or 0.11 per cent.

At noon, out of the 30 constituent stocks on BSE Sensex, 22 stocks were trading in the red. Gains were led by HDFC Bank (up 1.42 per cent), followed by TCS, NTPC, Titan, and Bajaj Finance, while losses were capped by Power Grid Corp. (down 2.02 per cent), followed by Bharti Airtel, Tata Motors, Adani Ports & SEZ, and Tata Steel.

On the Nifty 50, too, 36 out of the 50 constituent stocks were trading with cuts. Gains were led by HDFC Life (up 2.05 per cent), followed by HDFC Bank, SBI Life, Apollo Hospital Enterprises, and TCS, while losses were capped by Tata Motors (down 2.11 per cent), followed by Power Grid Corp., Bajaj Auto, Bharti Airtel, and Eicher Motors. 

Across sectors, meanwhile, the Auto index was the top drag, falling 0.80 per cent, followed by Metal, FMCG, Oil and Pharma indices. On the flip side, gains were led by the Realty index, which had climbed 0.99 per cent, followed by PSU Bank, Financial Services, Bank, Consumer Durables, and IT indices.

In the broader markets, the Nifty Midcap 100 had gained 0.61 per cent, while the Nifty Smallcap 100 was ahead by 0.43 per cent.

Investors in the domestic market are likely to test the recent strenght in frontline Indian equity benchmark indices following three consecutive days of higher closes, led by firm global cues, and foreign institutional investors (FIIs) slowly returning to buying ways, or at least slowing down their continuous selling of Indian equities.

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