Metal, power and technology stocks, ADAG companies" shares and ONGC dragged the markets in the second half while buying in financials, select capital goods, oil marketing companies" shares and Bharti Airtel, Reliance Industries helped the indices to cap the losses.
The Sensex closed at 9,402, down 21 points and the Nifty ended at 2,938, down 1.2 points (provisional figures).
Markets trading higher, buying in realty stocks
At 2:11 pm, Markets are trading higher, even after giving up some gains. Financial, realty, technology, capital goods and select oil & gas stocks were witnessing buying interest.
However, the sell-off in ADAG stocks like Reliance Communication, Reliance Infrastructure, Reliance Capital, Reliance Power, and in others stocks like Idea, Tata Power, Nalco, Maruti, ACC and Hindalco capped the gains. The markets were volatile ahead of F&O expiry. ONGC was volatile.
At 2:11 pm, the Sensex was trading at 9,571, up 147 points and the Nifty was trading at 2,977, up 38 points. The broader indices were flat.
Sensex, Nifty trading higher
At 12.51 hrs IST, the Sensex was up 177.44 points or 1.88 per cent at 9601.46, and the Nifty was up 54.40 points or 1.85 per cent at 2994.30.
The markets breadth was positive, about 1602 shares advanced, 1303 shares declined, and 164 shares were unchanged.
Benchmark Indices gaining; TCS leading
At 10.41 am, the benchmark indices extended gains. Huge buying interest in banking, realty, capital goods, telecom, technology and metal stocks. The Nifty tested the 3000 mark while the Sensex was trading firmly above the 9600 level.
Bharti Airtel, SBI, Reliance Industries, HDFC Bank, ICICI Bank, BHEL, DLF, HDFC, Infosys, L&T, Wipro and TCS were leading players in today's rally. However, the sell-off in NTPC, HUL, ITC, Idea and Ambuja Cements capped the gains.
At 10:41 am, the Nifty was trading at 3000.60, up 60.70 points and the Sensex was trading at 9,661, up 238 points. Among broader indices, BSE Midcap Index was up 2 per cent and Small Cap Index gained 1.5 per cent.
Strong global cues; Markets open positive
Markets opened positive following strong global cues. on Tuesday, Mar 24. The US government plan to buy upto $ 1 trillion of bank's bad debt helped the Wall Street to post strong gains last night.
Financial, metal, infrastructure and realty stocks were supporting the markets. At 10:03 am, the Sensex was trading at 9,611, up 187 points and the Nifty was trading at 2,982, up 43 points. The CNX Midcap went up 40 points, to 3,336. However, the Nifty March Futures were trading with 5-8 points discount.
Among the frontliners, GAIL, ICICI Bank, SAIL, Hindalco, HDFC Bank, Suzlon, Tata Steel, Ranbaxy Labs, SBI, Cairn, L&T, Unitech, Tata Motors and HDFC were the gainers. However, NTPC, HUL and ITC lost ground.