Sensex and Nifty recover from early declines to trade flat. IT stocks remain under pressure, while metal stocks outperform.
POWERGRID , TATASTEEL l, COALINDIA a, ONGC , and NTPC emerged as key gainers on the Nifty. On the downside, HCLTECH Tech, INFY , TECHM , WIPRO , and TCS dragged the index lower. Sectorally, the Nifty IT index plunged 5%, the Nifty Media index slipped 0.7%, whereas metal, infrastructure, oil & gas, and energy indices advanced nearly 1% each. Nifty midcap and smallcap indices are hovering around unchanged levels.
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