Even though the Sensex touched the 15000 mark to end below it, the Nifty ended above the 4500 for the third consequtive session.
While the sell-off in banking and select oil and gas stocks, and in stocks like NTPC, SAIL, Infosys and Bharti capped the gains; buying in FMCG, cement, pharma, select metal and infrastructure stocks supported the markets.
The broader indices outperformed the benchmarks this session too.
Mkts slip, benchmarks volatile
The markets slipped after a strong rally in the early trading. At 1: 30 PM, the Sensex Sensex fell 67 points, to 14,807 and Nifty slipped 27 points. The Midcap index was up just 0.3 per cent and the Smallcap Index gained 1 per cent.
Markets were trading lower as Reliance Industries, Infosys, SBI, SAIL, Cairn, ICICI Bank, Bharti, NTPC, HDFC, M&M, TCS, DLF, BPCL and L&T were under pressure and were down by 1 to 4 per cent. The benchmarks were a little volatile.
Among the midcaps, Lakshmi Energy, UTV Software, Edelweiss Capital, Tech Mahindra and Aban Offshore were up 9 to 13.7 per cent, while Asian Star, Jain Irrigation, GTL Infra, Godrej Industries and Anant Raj Industries which dipped 5 to 7 per cent.
In the smallcap space BASF, Forbes Gokak, Nalwa Sons Investment, Sobha Developer and Swaraj Engines gained 10 to 12 per cent. However, Goodyear, Manappuram, Zodiac Clothing, Timken and West Coast Pape slipped 5 to 7 per cent.
IT surged 3.7 per cent and BHEL was up by 0.6 per cent.
Essar Oil, Unitech, Satyam, Tata Steel, Reliance Communication, Suzlon Energy and Aban Offshore were the shares active on the trades.
Mkts continue +ve; Telecom, Infra surge
At 10:39 AM, the Sensex, was up 108 points, to 14,982 and the Nifty went up 32 points, to 4,557. Among the broader indices, the BSE Midcap Index was up 1.5 per cent and the Smallcap Index gained 2 per cent.
Despite the higher levels of selling pressue the benchmarks are trading with positive bias. Markets were supported by buying in infrastructure, telecom, metal and cement while selling in ONGC, SBI, HDFC, Maruti, BPCL, L&T and SAIL capped the gains.
Among the midcaps, Lakshmi Energy rose 15.8 per cent. Patni Computer, Bajaj Holdings, Max India and CRISIL went up 7 to 8.8 per cent. In the smallcap space, Nalwa Sons Investment, Sobha Developer, Swaraj Engines, Gemini Comm and WABCO-TVS surged 9.5 to 10 per cent.
Telecom stocks like Idea Cellular, Reliance Communication, Tata Communication, Tata Teleservices, MTNL and Bharti Airtel saw a surge of 1.2 to 4.3 per cent.
Infrastructure stocks like Suzlon Energy, Reliance Power, Tata Power, GVK Power, Crompton Greaves, Areva T&D, Reliance Infrastructure, NTPC, BHEL and Siemens gained 1-4%. Torrent Power, Power Grid Corp and GMR Infra too surged 0.5 to 0.9 per cent. following the same rally, the cement stocke went up by 1 to 4 per cent.
WABCO-TVS, Sundaram-Clayton, Satyam, Essar Oil, Tata Steel, Unitech and Reliance Communication were most active shares in the trading.
Sensex hits the 15000 mark in early trade
The markets opened in green recovering form the previous session's losses. At 9:58 AM, the Sensex was up 123 points, to 14,997 and the Nifty rose 32 points, to 4,558. The CNX Midcap went up 0.94 per cent, to 5,560 and the BSE Smallcap Index gained 1.5 per cent at 6345.
Buying was seen in infrastructure, metal and banking stocks. Midcaps and small caps too were seen following the benchmarks. The Sensex touched the 15000 mark in the opening trade.
While Tata Motors, Tata Steel, Suzlon Energy, Reliance Infrastructure, Hindalco, HDFC Bank, ACC, M&M, Tata Power, ABB, ICICI Bank and PNB gained; Unitech and Maruti proved to be losers among the frontliners.
Asian Markets are trading mixed.
The US markets ended on a flat note with a positive bias.