Sensex, Nifty trading flat with positive bias

The benchmark BSE Sensex recovered over 200 points on Tuesday led by gains in banking and IT stocks despite weak global cues.

At 10 am, the 30-share index was trading 95.03 points, or 0.25 per cent, higher at 38,695.37. Similarly, the broader NSE Nifty was up 13.20 points, or 0.11 per cent, at 11,611.45.

Top gainers in early session were Vedanta, Coal India, Hero MotoCorp, TCS, SBI, Tata Steel, Axis Bank, PowerGrid, Yes Bank, Tata Motors, HUL, ICICI Bank, HDFC Bank and Infosys, rising up to 1.83 per cent. On the other hand, IndusInd Bank, ONGC, RIL, Sun Pharma, HCL Tech and Bharti Airtel fell up to 1.92 per cent.

According to traders, banking and IT stocks lifted investor sentiment despite choppy cues from other global markets.

Meanwhile, foreign institutional investors (FIIs) sold equity worth Rs 948.98 crore on Monday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 89.89 crore, provisional data available with stock exchanges showed.

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