Indian equities fluctuated between gains and losses in the morning trade.
The S&P BSE Sensex rose 0.2 percent to 40,453 and the NSE Nifty 50 rose 0.19 percent to 11,853. The broader markets represented by the NSE Nifty 500 Index rose 0.15 percent.
Nine out of 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Realty Index’s 1.1 percent gain. On the flipside, the NSE Nifty Pharma Index was the top sectoral loser, down 1 percent.