Mumbai, August 25: The BSE Sensex erased losses of as much as 1.3 percent and briefly turned positive in midday trade on Tuesday, led by outsourcer Wipro and diversified Grasim Industries.
Top vehicle maker Tata Motors gained 1.8 percent to 465.80 rupees after Credit Suisse upgraded the stock to “outperform” from “neutral.”
At 12:23 p.m. (0653 GMT), the 30-share BSE index was down 0.1 percent at 15,607.56 points, with 15 stocks declining, after rising to as much as 15,650.76.
The 50-share NSE index was down 0.1 percent at 4,638.60.
—Agencies