Markets come off day's high; ITC down 1%

Markets came off their day's highs as investors booked profits at higher levels with FMCG shares emerging as the top losers.

the S&P BSE Sensex was up 109 points at 26,634 and the Nifty50 was up 40 points at 8,168. In the broader market, the BSE Midcap and Smallcap indices were up 0.8%-1% each.

Auto shares were among the top gainers ahead of June sales numbers on Friday. Tata Motors witnessed short covering and value buying after the stock was beaten post Brexit. The stock was up 1.5%.

Hero MotoCorp was up 1.5%, Maruti Suzuki, M&M and Bajaj Auto was up 0.2%-0.5% each.

FMCG shares which had gained in the previous session witnessed profit taking with ITC and Hindustan Unilever down nearly 1% each.

Dr Reddy’s Laboratories was up over 1% after the pharmaceutical major on Tuesday announced closure of its share buyback programme.

                                        

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