Equity benchmarks Sensex and Nifty turned choppy on Wednesday, tracking weakness in index heavyweights Reliance Industries, TCS and HDFC Bank amid a mixed trend in global markets.
After surging over 200 points in early trade, the 30-share BSE benchmark turned volatile and was trading 27.41 points or 0.05% lower at 57,184.21 in early deals. The NSE Nifty also slipped 33.45 points or 0.2% to 17,069.10.
From the Sensex pack, Dr Reddy's, Titan, Sun Pharma, Reliance Industries, TCS and HDFC Bank were the prominent losers. In contrast, PowerGrid, NTPC, Infosys and Wipro were among the gainers.
Elsewhere in Asian markets, Seoul, Tokyo, and Hong Kong were quoting lower.
Stock exchanges in the U.S. surged higher in the overnight trade on Tuesday.
On Monday, the BSE benchmark went lower by 84.88 points or 0.15% to settle at 56,975.99 and the Nifty declined 33.45 points or 0.20% to close at 17,069.10.
Equity markets were closed on Tuesday for Eid-Ul-Fitr.
Meanwhile, international oil benchmark Brent crude jumped 1.08 per cent to $106.10 per barrel.
Foreign institutional investors offloaded shares worth ₹1,853.46 crore on Monday, according to stock exchange data.
