The equity markets in India pared all gains and were trading flat in today's(23rd November 2020) early deals, dragged largely by financials.
Among headline indices, the S&P BSE Sensex hovered around 43,880 levels. The index had risen as high as 44,271, earlier in the day. The Nifty50 index also gave up 12,950. Reliance Industries gained over 3 percent in early deals after the Competition Commission of India cleared RIL's bid to buy Future group's retail, wholesale, and logistics assets amid a legal battle with Amazon. Besides, Bajaj Finserv and IndusInd Bank rose 3 percent each and were among the top Sensex gainers.
All the Nifty sectoral indices were trading in the green, led by the Nifty Metal index, up 1 percent.
In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.7 percent higher, each.