NEW DELHI: Key bechmark indices opened flat-to-positive in Tuesday's session but soon tuned rangebound, oscillating between the red and the green zones.
While Asian peers traded mildly higher, oil at $70 a barrell and a weak opening for rupee unsettled investors on Dalal Street.
The rupee depreciated by 21 paise to 69.71 against the US dollar.
At around 9:30, Sensex was up 70 points or 0.18 per cent at 39,753. Nifty was up 18.55 points or 0.16 per cent at 11,943.30. In the 50-pack index, 33 stocks advanced, while 17 declined. Bank Nifty scaled fresh high at the open.
"Structurally, elongated up move along with shallow correction underpinned by broader market participation signifies inherent strength of the market, auguring well for next leg of up move towards 12,200 in coming weeks. However, bouts of volatility cannot be rule ..
Meanwhile, among Sensex stocks, 20 gained and 10 fell.
YES Bank was the biggest gainer, up around 3.31 per cent, amid reports that the bank is likely to exit the asset management business as it believes that scaling up operations amid intensifying competition could be difficult.
Other gainers were -- Vedanta (up 2.92 per cent), Coal India (up 1.70 per cent), Sun Pharma (up 1.28 per cent), and Bajaj Auto (up 1.26 per cent).
On the other hand, HDFC was the biggest loser, ..
On the BSE Sectoral front, barring Realty, Telecom and Finance all other sectors were trading in the green. BSE Metal was the biggest gainer, up 1.55 per cent.
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