Indian stocks continued to trade in a negative terrain in the afternoon session with Sensex down by 327 points and Nifty trading down by 95 points. Sentiments were weak as foreign investors have offloaded Indian equities worth $1.82 billion so far this month, selling stocks worth $374 million in the fourth straight day of net selling on May 10. Investors are waiting for US inflation data which is going to release today for more cues on the Federal Reserve’s rate hike plans. Asian markets were trading mixed after a volatile session on Wall Street.

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The Sensex is now trading at 54,073.05, up 327.80 points or 0.60% after fluctuating between 53,764.42 and 54,598.55. On the index, 7 stocks advanced while 23 stocks declined.

The broader indexes were trading in negative territory, with the BSE Midcap index down 0.55% and the Small-cap index down 1.95%. On the BSE sectoral front, Bankex was up by 0.23%, Oil & Gas was up by 0.10%, while IT was down by 1.42%, FMCG was down by 1.37%, and Capital goods was down by 1.10%.

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The top gainers on the Sensex were Bharti Airtel up by 0.94%, Kotak Mahindra Bank up by 0.77%, Axis Bank up by 0.68%, ICICI Bank up by 0.47% and Mahindra & Mahindra was up by 0.41%.

Among the losers were Hindustan Unilever down by 2.28%, ITC down by 2.10%, Infosys down by 2.05%, Larsen & Toubro down by 2.03% and Asian Paints was down by 1.78%.

The Nifty is presently trading at 16,145.40, down 94.65 points or 0.58% after fluctuating between 16,071.20 and 16,318.75. On the index, 14 stocks advanced and 36 stocks declined.

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The top gainers on Nifty were HDFC Life Insurance up by 1.66%, ONGC up by 1.46%, SBI Life Insurance up by 1.07%, Tata Consumer Products up by 0.90% and Kotak Mahindra Bank was up by 0.88%.

Among the losers were Shree Cement down by 2.80%, Infosys down by 2.04%, Larsen & Toubro down by 2.04%, ITC down by 2.00% and Hindustan Unilever was down by 1.96%

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Asian markets were trading mixed with Hang Seng rising 329.58 points or 1.68% to 19,963.27, Jakarta Composite soaring 40.81 points or 0.6% to 6,860.60, Nikkei 225 jumping 46.54 points or 0.18% to 26,213.64 and Shanghai Composite gaining 45.97 points or 1.51% to 3,081.81.

On the other hand, Straits Times slipped 21.44 points or 0.66% to 3,212.75, KOSPI declined 4.36 points or 0.17% to 2,592.20 and Taiwan Weighted plunged 55.45 points or 0.35% to 16,006.25.