However, selling in technology and cement along with HDFC, Tata Motors, Suzlon, Sun Pharma, Reliance Communication, ITC, Idea, Tata Power and Hero Honda put pressure on the markets.
The Nifty was inching towards 4450 level while the Sensex was edging towards 15000 mark. But both indices gave up all those gains in the last half an hour of trade and turned choppy.
The 30-share Sensex touched an intraday high of 14,955.55 and low of 14,685.45, before closing at 14,785.74, up 21.10 points or 0.14 pc. The 50-share NSE Nifty rose 0.35 pc or 15.45 points, to settle at 4,390.95, after seeing a day's high/low of 4439.95 and 4350.90, respectively.
Reliance Industries, ONGC, SAIL, Sterlite, DLF, NTPC, BHEL, SBI, Tata Steel, L&T and HDFC Bank were leading counters while Infosys, TCS, HDFC, Tata Motors, ITC, Reliance Communication, ICICI Bank, Wipro and Grasim were draggers.
Mkts +ve; oil & gas, banking, metal up
At 02:05 pm the buying in infrastructure, oil & gas, banking, realty and metal stocks strengthened the markets. Positive European markets were also being supportive to our markets. The Sensex was moving towards the 15000 mark while the Nifty was inching towards the 4450 level.
Reliance Industries, ONGC, DLF, BHEL, Jindal Steel, Axis Bank, Sterlite, NTPC, SAIL, SBI, ICICI Bank, L&T and HDFC Bank were leading counters, gained 1.5-8 pc. However, the selling in Infosys, ITC, TCS, HDFC, Tata Motors, Suzlon, Wipro, Sun Pharma, Grasim and Idea was putting pressure on the markets as well as adding to the volatility.
The Sensex went up 157 points, to 14,922 and the Nifty gained 55 points at 4,430. About 918 shares advanced while 310 shares declined on the NSE. Broader indices were up 1.8-2 pc.
On the sectoral front, BSE Realty, Metal, Oil & Gas, Bank, Power and Capital Goods indices gained 2-4 pc. However, IT Index slipped 1 pc.
Mkts continue positve; L&T, Maruti, HDFC gain
At 11:59 am, buying in oil & gas, realty, metal, select banking and power stocks was helping the markets but selling in cement, technology stocks along with L&T, Tata Motors, Maruti, HDFC, ITC, Suzlon and Tata Power capped the gains.
The Nifty went up 19 points, to 4,395 and the Sensex gained 55 points at 14,819. The broader indices were outperforming the benchmark indices, gained 1.7-2 pc.
In the midcap space, Blue Star, Nagarjuna Construction, Motilal Oswal, HDIL and Tulip Telecom (ahead of numbers) were up 5-10 pc. In the smallcap segment, Amtek India, Ajmera Realty, Asahi India, Finolex Industries and Polyplex Corp gained 9-20 pc.
In the oil & gas space, ONGC, BPCL, IOC, Reliance Industries, Reliance Petroleum and HPCL went up 1-3 pc. Realty stocks like HDIL, Omaxe, Sobha Developer, Orbit Corporation, Parsvnath, DLF, Akruti City, Unitech and Indiabulls Real shot up 2-5 pc.
In the metals space, Jindal Steel, Sterlite, SAIL, JSW Steel, Hindustan Zinc, Tata Steel and Jindal Saw were up 2-3 pc. Banking stocks like Axis Bank, Union Bank, Kotak Mahindra, PNB, ICICI Bank and SBI gained 0.8-5 pc.
Mkts +ve; HDFC, RIL sees buying interest
The markets opened positive. Among the frontliners, Unitech, BPCL, HDFC Bank, Power Grid, Hindalco, Sterlite, Reliance Capital, GAIL, Ambuja Cements, HCL Tech and Tata Steel were witnessing buying interest. However, Suzlon, Tata Motors, Sun Pharma, ICICI Bank and ACC lost ground.
At 9:56 am, the Nifty was up 11 points at 4,386 and the Sensex rose 27 points, to 14,791. The CNX Midcap went up 25 points, to 5,536. About 430 shares advanced while 109 shares declined on the NSE.
Unitech was up over 3pc, as the company raised $ 575 million from second QIP. Tata Steel has bounced back after seeing selling pressure on Friday, Jun 26.
Bajaj Hindusthan, Bank of Rajasthan, S Kumars Nationwide, IFCI and Nagarjuna Construction were the gainers. While, JP Hydro, RNRL, India Cements, TVS Motors and Sesa Goa were the losers.