Amid a largely volatile trade session, the key Indian equity indices traded on a positive note on Tuesday morning, although they trimmed gains and retreated from the day`s highs.
Selling in banking, finance and telecom stocks weighed on the indices.
Around 10.25 AM, Sensex was trading at 38,111.84, higher by 130.21 points or 0.34% from the previous close of 37,981.63.
It opened at 38,176.86 and has so far touched an intra-day high of 38,235.94 and a low of 37,995.83 points.
The Nifty50 on the National Stock Exchange was trading at 11,271.90, higher by 44.35 points or 0.4% from its previous close.
Walmart Inc is in talks with Tata Group for an investment of up to $25 billion in the Indian salt-to-software conglomerate`s new “super app”, Mint newspaper reported.
“Pharma and IT stocks will continue to do well this year. But, they have already run up a lot and are high…