BSE Midcap Index was up 1.85 per cent or 67.58 points, to 3,718.87 and Smallcap Index rose 1.98 per cent or 80.88 points, to 4,162.58.
Capital goods, realty, metal, private power companies' shares, and in individual stocks like ICICI Bank, Reliance Communication, Wipro, Tata Motors and Ranbaxy Labs saw buying interest while oil & gas, FMCG, select financials and technology stocks remained under pressure.
Indices up 1 pc, buying interest in RIL, ONGC
At 1: 49 PM the Sensex was trading at 12,117, down 17 points while the Nifty went up 4 points, to 3,658. BSE Midcap and Smallcap indices went up 1 per cent.
Buying interest was seen in Realty, capital goods, private power, metal's companies shares, and in stocks like ICICI Bank, Reliance Communication, Maruti, Tata Motors, ONGC and Ranbaxy Labs, while selling was seen in Reliance Industries, Infosys, HDFC, ITC, TCS, NTPC, SBI, HDFC Bank, Bharti, Idea, Wipro, BPCL, M&M and Ambuja Cements.
Market breadth was in favour of advances; about 1680 shares advanced while 1279 shares declined and nearly 151 shares were unchanged.
Mkts volatile, Unitech, RIL, DLF active on mkts
At 11:44 AM The Sensex was trading at 12,093, down 40 points and the Nifty was down just 4.5 points, to 3,649. BSE Midcap and Smallcap indices gained over 1 per cent. The markets are trading amid volatility.
Buying interest was seen in Shares of capital Goods, realty, and private power companies and stocks like ICICI Bank, Reliance Communication, Tata Steel, Tata Motors, Maruti, SAIL, Ranbaxy, ACC and Grasim.
Reliance Industries, Infosys, HDFC, Bharti, ITC, NTPC, Wipro, TCS, ONGC, Idea, HDFC Bank, Ambuja Cement and Siemens were under pressure.
In the midcap stocks Jubilant Organosys, Spice Communication, Godrej Industries, Bajaj Hindusthan and IBN18 Broadcast went up 6 to 12 per cent. Among the small caps Himadri Chemical, Apar Industries, Anus Labs, INOX Leisure and Geometric saw increase of 10 to 15 per cent.
BSE Realty Index shot up 5.7 per cent. The Capital Goods Index was up 2 per cent. Metal and Power indices were up 1.5 to 1.9 per cent. The IT Index fell 2.2 per cent. Oil & Gas and FMCG indices slipped 0.7 to 1.2 per cent.
Unitech, ICICI Bank, Reliance Capital, HDIL, Reliance Infrastructure, DLF and Reliance Industries were most active in the trading.
The market breadth was in favour of advances due to positive broader indices. About 1811 shares advanced while 1157 shares declined and nearly 142 shares unchanged.
Mkts choppy, ICICI, Ranbaxy, Axis, L&T gain
At 9:58 AM, the Sensex was trading at 12,073, down 61 points and the Nifty fell 19 points, to 3,634. However, the CNX Midcap went up 0.34 per cent, to 4,029. Markets turned choppy after yesterday's strong rally.
The losers among the frontliners were TCS, M&M, Hero Honda, ITC, HDFC, Wipro, Tata Motors, Reliance Industries, Bharti, HDFC Bank, Infosys, BHEL, Reliance Petroleum and NTPC.
The gainers were ICICI Bank, Ranbaxy, Tata Steel, Tata Communication, Unitech, L&T, ABB, Axis Bank and ACC.
In the midcap arena, Sakthi Sugars, Bajaj Hindusthan, IndusInd Bank, Balrampur Chini, NIIT, Polaris, Ballarpur Industries, Voltas and Praj Industries went up 2 to 6 per cent.
After posting good numbers for quarter ended Mar 31 '09 Allahabad Bank surged 5 per cent.