Sensex, Nifty trade lower, Titan, TCS gain

Markets key benchmark indices, after opening in the green in early trade, later erased the entire gains with the Sensex slipping 240 points to 38,656 marks and the Nifty50 falling 76 points to 11,520-mark at 10.40am, Friday.

Titan Company, UltraTech, TCS, NTPC and HCL Tech are among the top Nifty50 gainers, while losers include Bajaj Finance, M&M, Gail HeroMotor Corp and Bajaj Motors.

All sectoral indices of the Nifty are trading in the red with maximum losses in Nifty Auto, Pharma and Nifty PSU bank, falling upto 1.75%

Among buzzing stocks, ACC gains 2.34% on reporting strong June quarter earnings.

Thermax rises 1.582% after securing order worth Rs471-Cr.

L&T’s Power Business wins orders between Rs 1,000 Cr to Rs 2500 Cr.

Shares of Oriental Bank (OBC) falls 0.50% after CARE ratings revised its outlook of Tier I&II bonds from negative to stable.