Buying in capital goods, metal, realty, banking, FMCG, private power companies' shares as well as Reliance Industries and Infosys helped the markets to stay higher for major part of the session. However, the sell-off in ONGC, NTPC, Bharti, HUL, Wipro, Tata Motors and Ranbaxy Labs capped the gains.
The Sensex closed at 9,704, up 233 points and the Nifty was up 55 points, to 2,994 (provisional figures).
Markets seeing some consolidation
The markets were ranged and saw some consolidation. The sell-off in ONGC, Bharti, NTPC, HUL, HDFC, ICICI Bank, SBI, TCS, Wipro, Tata Motors, Ambuja Cements and Grasim capped the gains. However, buying was seen in Reliance Industries, ITC, Infosys, BHEL, L&T, Tata Power, HDFC Bank, SAIL, Sterlite, Unitech and ACC.
At 12:54 pm, the Sensex was trading at 9,502, up 31 points while the Nifty was trading at 2,936, down 2 points. Broader indices were quiet in trade today.
The market breadth was slightly in favour of declines; about 1351 shares advanced while 1549 shares declined. Nearly 172 shares were unchanged.
Markets trading higher; buying seen in banking
Markets trading marginally higher amid volatility. Buying interest seen in Technology, banking, capital goods, FMCG, realty, private power companies' shares and Reliance Industries stocks. However, selling continues in ONGC, NTPC, Bharti, HDFC, SAIL, Tata Motors and Tata Steel.
At 10:49 am, the Sensex was trading at 9,565, up 94 points and the Nifty was trading at 2,958, up 20 points. Broader indices - BSE Midcap and Small Cap indices gained marginally.
Markets choppy in initial trade; L&T, ONGC gainers
Markets opened marginally weak and turned choppy in the initial trade. Suzlon, Unitech, SBI, Cairn India, Reliance Capital, Siemens, DLF, ICICI Bank, L&T, Tata Steel and ONGC were the gainers. However, HDFC, NTPC and Hindalco lost ground.
At 9:58 am, the Sensex was trading at 9,508, up 38 points and the Nifty was trading at 2,949, up 10 points. The CNX Midcap was up just 5 points, to 3,284.
HDFC fell over 3 per cent, as the company reduced its home loans rates by 50 bps effective on Wednesday, Mar 25.