Indian equity benchmarks were oscillating between gains and losses on Tuesday afternoon as investors risk assessed the future roadmap for the asset class. The Sensex and Nifty were trading above 57200 and 17000 marks. The rupee advanced by 28 paise to 81.39 against the dollar at the Interbank Foreign Exchange in noon trade on sustained selling of the US currency by banks and exporters.

The Sensex was trading at 57,249.90, up by 104.68 points or 1.48% after trading in the range of 56950.52 and 57704.57. On the index, 19 stocks were advancing and 11 stocks declining.

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The broader indices were trading mixed with the BSE Mid cap index up by 0.26% and the Small cap index up by 0.37%. The top gaining sectoral indices on the BSE were Oil & Gas up by 1.59%, Energy up by 1.21%, Telecom up by 0.86%, FMCG up by 0.66% and TECK was up by 0.61%, while Metal down by 1.24%, Auto down by 0.90%, Consumer Durables down by 0.65%, Capital Goods down by 0.65% and Industrials was down by 0.44% were the top losing indices on BSE.

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The top gainers on the Sensex were Power Grid up by 1.49%, Indusind Bank up by 1.25%, Hindustan Unilever up by 1.19%, ITC up by 1.11% and Dr. Reddy’s Lab up by 1.01%. On the flip side, Tata Steel shed 2.45%, Titan Company 1.83%, Mahindra & Mahindra 0.84%, Axis Bank 0.77% and Kotak Mahindra Bank 0.72%.

The Nifty was trading at 17,033.40, up by 17.10 points or 0.10% after trading in the range of 16,942.35 and 17,176.45. On the index, 16 stocks were advancing and 34 stocks declining.

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The top gainers on Nifty were Power Grid Corp up by 2.02%, BPCL up by 1.75%, Britannia Inds up by 1.58%, Hindustan Unilever up by 1.26% and ONGC up by 1.09%. Adani Ports down by 2.97%, Tata Steel down by 2.70%, Hero MotoCorp down by 2.55%, JSW Steel down by 1.82% and Titan Co was down by 1.72% were the top losers.

Asian markets were trading mixed with the Nikkei 225 surging 140.32 points or 0.53% to 26,571.87, Taiwan Weighted strengthening 48.40 points or 0.35% to 13,826.59, KOSPI rose 2.92 points or 0.13% to 2,223.86 and Shanghai Composite was up by 25.23 points or 0.83% to 3,076.46.

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On the flip side, Hang Seng decreased by 80.83 points or 0.45% to 17,774.31, Straits Times trembled 20.80 points or 0.65% to 3,161.17 and Jakarta Composite was down by 34.77 points or 0.49% to 7,092.73.