The BSE Sensex bounced back in positive terrain while the NSE Nifty continued to trade with losses in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 17.63 points or 0.04% at 48,708.43. The Nifty 50 index lost 13.75 points or 0.09% at 14,682.75.
Asian Paints (up 9.04%), ITC (up 3.99%) and Reliance Industries (up 0.87%) supported the recovery.
The broader markets slipped. The S&P BSE Mid-Cap index fell 0.63%. The S&P BSE Small-Cap index skid 0.74%.
Sellers outnumbered buyers. On the BSE, 1,323 shares rose and 1,636 shares fell. A total of 171 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth Rs 1,260.59 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 704.36 crore in the Indian equity market on 12 May 2021, provisional data showed.