Benchmark indices Sensex and Nifty pared their gains on October 13 due to various factors, including profit booking.
At 11:28 am, the Sensex was up 383.23 points or 0.53% at 72,307.91, and the Nifty was up 121.20 points or 0.54% at 22,484.55. About 1,559 shares advanced, 2,093 shares declined, and 181 shares were unchanged.
Profit booking was seen at higher levels after markets rose up to 0.9% on October 13. Sensex fell 300 points from day's high while Nifty was trading below 22,500-mark.
Crude oil prices hovered above $105 per barrel amid heightened hostilities between Russia and Ukraine, as well as in West Asia. High crude oil prices are likely to weigh on market sentiment. The Houthis launched missile attacks targeting Saudi Arabia for the third consecutive day, Al Jazeera reported. Earlier on Monday, US President Donald Trump criticised the Houthis. "The Houthis are misbehaving very badly," Trump said. Meanwhile, Ukrainian President Volodymyr Zelenskyy said Russia had violated the energy ceasefire by attacking a gas production facility.
India's retail inflation accelerated to a higher-than-expected 5.54% in September, data showed on Monday, edging close to the central bank's 6% upper tolerance band and bolstering the case for further rate hikes as the Iran war and a weak monsoon add to price pressures.