Nifty holds 10,400 mark; Eicher Motors, HPCL drop

Equity benchmarks swung between minor gains and losses. Oil marketing companies traded lower after crude prices gained.

At 2:12 PM, the BSE Sensex was trading at 33,776, down 37 points, while the Nifty50 was ruling at 10,429, down 7 points.

On the economy front, the Nikkei India Manufacturing Purchasing Managers' Index, or PMI, rose to a 5-year high of 54.7 in December from 52.6 in November.

Tata Motors shares gained over 2.5%. Commercial vehicles domestic sales during the month increased 62% to 40,447 units yoy, led by steady production ramp-up of new range of BS4 vehicles and continued uptick in sales in consumption-driven sectors.

Shares of Ashok Leyland recovered and rose over 3% to their one-month high of Rs123.20 after the company's total sales for December at 19,253 units was sharply higher than analysts estimate of 12,682 units.

Shares of Manpasand Beverages rose over 7% backed by strong volumes.

The BSE Mid-cap and BSE Small-cap indices were down 0.47% and 0.41%, respectively.

Volatility index India VIX rose 2.28%.

Infratel (+2.5%), Tata Motors (+2.7%), ONGC (+2.3%), Tech Mahindra (+2 %), and UPL (+1.6%) were the top gainers on Nifty50.

Eicher (-2.8%), HPCL (-2.4%), Indiabulls HF (-2.09%), BPCL (-1.9%) and Aurobindo (-1.4%) were the top losers in today’s trade.

Out of 2,000 stocks traded on the NSE, 611 advanced, 1,078 declined and 311 remained unchanged today.

A total of 76 stocks registered a fresh 52-week high in trade today, while one stock touched a new 52-week low on the NSE.

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