The market is in a tight range with broader markets underperforming. Sentiment is dampened by Brent crude that has spiked 6 percent to above USD 57 per barrel and FIIs are selling for third consecutive session.
The Sensex is down 19.78 points at 28980.36 and the Nifty slips 7.85 points at 8748.70. About 1119 shares have advanced, 1126 shares declined, and 237 shares are unchanged.
Sesa Sterlite, ONGC, Tata Steel, Sun Pharma and Coal India are top gainers in the Sensex. Among the losers are Axis Bank, TCS, SBI and HUL.
Oil prices fell as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 percent over the past four sessions.
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