Markets gained support from the shares of oil and gas, cement and technology companies. ICICI Bank, Reliance Infrastructure, Tata Power, Sterlite, Sun Pharma and Tata Motors were the other gainers.
Selling continued in capital goods, realty, metal, FMCG, banking, select telecom and auto stocks, which capped the gains.
Sell off puts pressure on Nifty; Metal, realty dip
Selling in FMCG, metal, banking, telecom, realty and capital goods continued to weigh on the markets. The markets are volatile. And buying was seen in buying support was seen from ONGC, Infosys, Reliance Infrastructure, ACC, BPCL and Sun Pharma.
At 2:30 pm, BSE Sensex was at 15,833.21, up 2.23 and NSE Nifty was at 4671.05, down 9.45 .
Among the sectors, the BSE Realty Index fell over 2 per cent. FMCG, Capital Goods, Metal and Auto indices slipped 1 per cent each. Bank and Power indices fell half a percent. However, Oil & Gas and IT indices gained 1 per cent each.
Among the midcaps, Great Offshore, Dishman Pharma, AstraZeneca, Thomas Cook and Bombay Rayon were gainers while JM Financial, Indiabulls Real, United Phosphorous, Exide Industries and Patni Computer lost.
In the smallcap arena, Agro Tech Foods, India Glycols, PVR, Ganesh Housing and JB Chemicals gained while Swan Mills, Marathon Nextgen, Money Matters, Shree Ram Urban and Hexaware Tech dipped.
Mkts volatile; FMGC, telecom, metal under pressure
Profit booking is back to haunt the markets which are trading amid volatility. The telecom, metal, FMCG, capital goods, banking, realty and power stocks were putting pressure on the markets.
At 11:34 am, Nifty was down 35 points, to 4,645 and the Sensex declined 85 points, to 15,745.
However, buying continued in Infosys, ONGC, Reliance Infrastructure, BPCL, Wipro and ACC.
The top losers were HDFC Bank down 2.06 per cent; DLF down 1.97 per cent; ITC down 1.89 per cent; Tata Steel down 1.86 per cent; Sterlite Industries down 1.84 per cent; Axis Bank down 4.48 per cent, ABB down 3.08 per cent; NALCO down 2.77 per cent; Siemens down 2.74 per cent and Ambuja Cements down 2.43 per cent.
Mkts bounce back; TCS, ICICI, Wipro gain
The markets have opened the day in green after seeing a marginally fall in the previous session. The markets are currently volatile. At 9:56 am, the NSE Nifty was up 17 points, at 4,697 and the BSE Sensex gained 68 points at 15,899.
The CNX Midcap rose 33 points, to 6,061 and the BSE Smallcap Index gained 42 points, to 6,376.
Technology and select metal stocks were witnessing buying interest and were supporting the markets. However FMGC was under pressure
The gainers among the frontliners were Infosys, Reliance Infrastructure, Ambuja Cements, Wipro, Sterlite Industries, TCS, ICICI Bank and ACC.
The losers were Axis Bank, HDFC, ITC, Siemens, HUL, Grasim, Idea Cellular, Tata Power and ONGC were the other losers.
The gainers among the midcaps were, ABG Shipyard up 5 per cent, Bharti Shipyard up 2 per cent, PVR up 6.5 per cent, Bank of Rajasthan up 2.8 per cent, Glenmark Pharma up 3.5 per cent, WWIL up 2.2 per cent and Mahindra Satyam up 2.5 per cent.
Ashok Leyland and Essar Oil were the losers.