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Last Updated Saturday June 17 2017 05:21 AM IST

Sensex, Nifty flat in late morning trade; gold prices down

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Sensex

The market lost momentum in late morning trade and was trading flat, after it had recouped from the early morning losses. The Sensex was down 11.26 points at 26,591.58 points and the Nifty down 4.70 point sat 8,177.5 points at 11:28am

Among the top Sensex gainers were TCS, M&M, Infosys and SBI; among the losers were Sun Pharma, Tata Motors, Bharti Airtel, NTPC and ITC.

Gold prices fell sharply on weak global trend, with prices hitting near 10-month lows in world markets after the US Federal Reserve announced a hike in interest rates.

Oil prices also fell after the Fed rate hike.

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