Sensex, Nifty erase huge chunk of gains; HUL up 2%

Selling pressure took charge on the D-Street in the late morning session as the market erased a huge chunk of its gains.

The Sensex was up just 48.79 points at 30483.58, while the Nifty was up 4.30 points at 9433.75. The market breadth, however, was negative as 1,031 shares advanced against a decline of 1,385 shares, while 125 shares were unchanged.

ITC and HUL continued to gain on the indices, while Maruti Suzuki, TCS, Hindalco and Eicher Motors lost the most.

Buzzing stock: Share price of Sutlej Textiles and Industries rose more than 4 percent intraday Friday as the company has approved the sub-division of its equity shares.

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