The Sensex was down 28.36 points or 0.16 pc at 17169.91, and the Nifty was up 1.25 points or 0.02 pc at 5123.25.
The markets breadth was positive, about 1580 shares have advanced, 1304 shares declined, and 549 shares are unchanged.
Top gainers on the bourses were Tata Motors at Rs 728 up 3.89 pc, Ranbaxy Labs at Rs 486.75 up 3.70 pc, DLF at Rs 382.10 up 3.05 pc, Maruti Suzuki at Rs 1,606 up 1.12 pc, HDFC Bank at Rs 1,807 up 1 pc and SBI at Rs 2,303 up 0.47 pc.
Top losers on the bourses were Sun Pharma at Rs 1,488.80 down 3.25 pc, HCL Tech at Rs 329.80 down 3.17 pc, Siemens at Rs 524 down 2.37 pc, Reliance Infra at Rs 1,060.30 down 1.89 pc, HDFC at Rs 2,752.90 down 1.75 pc and ACC at Rs 795.35 down 1.52 pc.
Nifty trading in narrow range of 5120-5150
At 12:16 pm, the Nifty was witnessing volatility and was trading in a narrow range of 5,120-5,150. Banking, metal, realty, auto (only four-wheeler), select telecom and pharma stocks were seeing buying interest.
However, the sell-off was seen in capital goods, technology, FMCG and cement stocks along with Hero Honda, BPCL, ONGC and Reliance Infrastructure.
The Nifty was up 9.5 points at 5,131 and the Sensex gained just 5 points at 17,204.
The benchmark indices continued to outperform the equity benchmarks, up 1 pc each. The market breadth was positive; about 1,768 shares advanced while 1,050 shares declined on the BSE. Nearly 615 shares remained unchanged.
In the midcap space, Indiabulls Financial, Dena Bank, Coromandel International, Alfa Laval and KGN Industries were up 5-7 pc while Mcleod Russel, Gillette India, GE Shipping, Sterlite Tech and Jain Irrigation fell 2-2.7 pc.
In the smallcap space, Tata Elxsi and OCL Iron shot up 20% each. Aptech, Deep Industries and Genus Power gained 7-11 pc. However, JMD Telefilms, Jindal Worldwide, KPR Mills, Shristi Infra and Sanghvi Movers lost 4.4-5 pc.
Sensex trading higher; ICICI, SAIL gain
At 10:57 am, the Sensex was trading higher though it came off a bit from the day's high due to selling pressure in technology, FMCG and infrastructure stocks.
The buying continued in banking, telecom, auto (four-wheeler), realty, metal and pharma stocks along with heavyweight Reliance Industries.
The Sensex rose 46 points to 17,244 and the Nifty gained 17 points at 5,139. The broader indices were outperforming the benchmark indices, up 1-1.2 pc.
About 1,813 shares advanced while 986 shares declined on the BSE. Nearly 634 shares were unchanged.
In the largecaps, ICICI Bank, Tata Motors, Maruti Suzuki, Hindalco, Jaiprakash Associates, IDFC, SAIL, GAIL and Suzlon Energy were up 1.5-2.6 pc.
However, ITC, HUL, BHEL, Reliance Infrastructure, TCS, HCL Tech and BPCL fell 1-2 pc.
Nifty hits 5150 mark; Maruti, ICICI gain
The Sensex opened higher for the third day in a row on the back of positive global cues and went up above the 17,300 level while the Nifty hit the 5,150 mark.
At 9:56 am, the Nifty was trading at 5,151, up 29 points and the Sensex was at 17,300, up 102 points. The CNX Midcap rose 61 points to 7,330. About 700 shares advanced while 80 shares declined on the NSE.
Maruti, Unitech, Bharti Airtel, Suzlon Energy, SBI, Axis Bank, ICICI Bank, Cipla, Ambuja Cements, Sterlite Industries and Hindalco were the other gainers among the largecaps.
However, Infosys, L&T and BPCL were seeing selling pressure on profit booking.
Asian markets were trading higher. Shanghai, Hang Seng and Kospi were up 1-1.5 pc. Jakarta, Straits Times, Nikkei and Taiwan Weighted went up 0.4-0.7 pc.