The markets recovered on the back of buying in sectors like infrastructure, metal and banking. Markets gained support from positive global and Asian cues.
Gaining 0.8 per cent, Reliance Industries helped the markets too.
The week on the whole, however, has been bad for the markets due to profit booking in commodities and infrastructure stocks.
4: 35 PM
Mkts volatile; buying in L&T, Infy, TCS, HDFC
At 2:42 pm, the Sensex was down just 3 points, to 14,262 and the Nifty fell 20 points, to 4,231. Broader indices were down 0.2 to 0.6 per cent.
The markets were experiencing volatility. NTPC, ONGC, SAIL, Power Grid, ICICI Bank, Nalco, Reliance Communication, Hindalco, M&M, ACC, Ambuja Cements, Sun Pharma, Tata Power and BPCL winessed selling.
Buying interest was seen in L&T, Infosys, ITC, TCS, Jindal Steel, Suzlon, HDFC Bank, Tata Steel, Maruti, Cipla, Tata Motors, Grasim, Reliance Infrastructure, Sterlite, Idea, Siemens and ABB.
Market breadth +ve; Nifty, Sensex in green
At 11:28 hours IST Nifty was finding resistance at 4300 level. It was trading at 4,286, up 35 points and the Sensex rose 167 points, to 14,432. Capital goods, technology, metal, auto, realty and select financial stocks are helping the markets to recover some of their last two days losses.
Though Reliance Industries were seen in green, sell-off was seen in ONGC, NTPC, Bharti, Power Grid, Tata Power, ICICI Bank, Cairn, Ambuja Cements, ACC and HDFC capped the gains. The BSE Midcap and Smallcap indices went up 1-1.6 pc. The market breadth was mixed; about 1361 shares advanced while 1303 shares declined on the BSE. Nearly 484 shares were unchanged.
Indices bounce back; metals, banks up
Indian stock markets bounced back after two days of downfall on the back of buying in infrastructure, metals and banking stocks. National Stock Exchange's benchmark index Nifty crossed the 4300 mark and was hovering around the same level.
At 9:56 am, the Nifty was up 50 points, to 4,301 and the Sensex gained 172 points at 14,438. The CNX Midcap 100 and the Nifty Junior rose 1.6 pc each, to 5,299 and 7,649, respectively.
While Suzlon, Reliance Infrastructure, Unitech, Sterlite Industries, Nalco, PNB, Idea Cellular, HCL Technologies and Reliance Communication were gainers, ONGC and NTPC were losers in the opening trade.