FMCG stocks were in demand on renewed buying.
The Sensex slipped into the red in early trade after opening higher. The Sensex hit its lowest level in more than a low.Volatility ruled the roost in afternoon trade as the key benchmark indices regained positive zone after reversing intraday gain.
Shares of India's defence equipment manufacturers rally on media reports of potential increase in foreign direct investment limit in the sector from current 26 percent, multiple dealers say.
The market breadth, indicating the overall health of the market was positive. Bank stocks edged lower.
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