Equity indices in green but oil marketing firms lose in opening bell

Equity indices in green but oil marketing firms lose in opening bell

Equity benchmark indices wobbled during early hours on May 06 amid mixed global cues but profit booking was seen in stocks of oil marketing and FMCG companies.

At 10:45 am, the BSE S-P Sensex was up by 321 points or 1.02 per cent at 31,774 while the Nifty 50 edged higher by 81 points or 0.88 per cent at 9,287.

Except for Nifty FMCG and PSU bank, all sectoral indices at the National Stock Exchange were in the positive terrain with Nifty financial service up by 2.4 per cent, private bank by 2.2 per cent and metal by 1.3 per cent.

The shares of oil marketing companies declined after the Centre hiked excise duty on petrol and diesel and asked them to absorb the price hike.