Mumbai, Mar 11: The indices which saw a dull trading session throughout the session, suddenly shot up just minutes ahead of the closing time. While Nifty gained about 30 points, Sensex shot up about 100 points.
BSE Sensex ended the day at 17,167.96 while NSE Nifty shut shop at 5133.40.
The markets gained strength from the buying seen in heavyweights Reliance Industries, TCS, Bharti, Wipro, NTPC, Infosys, ITC along with banking and pharma stocks.
Benchmarks marginally up, broader indices slip
The markets continue quiet in trade. While IT, consumer durables and banks were witnessing buying interest, selling continued in auto, FMCG, metals and capital goods stocks.
At 2: 28 pm, BSE Sensex was up 22.81 points or 0.13 per cent at 17121.14, and NSE Nifty up 8.70 points or 0.17 per cent at 5124.95. The broader indices had slipped to red.
Bharti Airtel was the top largecap gainer, while Sun Pharma, Sterlite Industries, TCS and NTPC rose 1 per cent each. Index heavyweight Reliance was trading up by 0.59 per cent. IT giant Infosys was up 0.77 per cent.
The losers were HUL down close to 4 per cent, Hindustan Lever down 3.96 per cent, cigarette major ITC down 0.04 per cent, and Hindalco, Hero Honda, Maruti Suzuki and Reliance Communications down 1 to 2 per cent.
Gammon Infra, Core Projects, CMC, Torrent Pharma and Pidilite Industries gained among the midcaps. The midcap losers were Sterlite Technologies, Shree Renuka, REI Six Ten, Balrampur Chini and MVL.
CenturyPlyboard, Take Solutions, MSP Steel, Elantas Beck and Aarti Industries were up in the smallcap space. However, OM Metals Infra, Atco Corp, Dhampur Sugar, Dalmia Cement and Gee Kay Finance lost.
2: 47 PM
Mkts gain marginally amid choppy trade
The Indices are witnessing choppy trade. However, the benchmarks gained marginally. At 12: 10 pm, BSE Sensex was trading at 17,109.12, up 10.79 while NSE Nifty was at 5120.00, up 3.75 points. The broder indices were trading flat.
The markets were gaining support from heavyweights like Bharti Airtel, NTPC, TCS, Reliance Industries, Infosys and ICICI Bank. Buying interest was also seen in Pharma and technology sectors.
However, capital goods, FMCG and auto stocks. ONGC, Power Grid, BPCL, SBI, PNB, HDFC continued to reel under selling. The other losers were ACC and Reliance Communications.
Gammon Infra, CMC, LIC Housing Finance, Thermax and Blue Star were midcap gainers while Sterlite Tech, KS Oils, REI Six Ten, National Fertiliser and Balrampur Chini declined.
In the smallcap arena, Century Plyboard, MSP Steel, Aditya Birla, Aarti Industries and Dewan Housing gained while Man Industries, Gee Kay Finance, Prraneta Industries, Kwality Dairy and OM Metals Infra lost.
12: 29 PM
Benchmarks open lower; Tata Steel, HUL dip
With no support from the global cues, the Indian markets opened the day on a quiet note. At 9:02 am, NSE Nifty was trading at 5114, down 1.5 points while BSE Sensex was at 17100, up 2 points.
However, the CNX Midcap was up 5 points to 7528.
The fronline losers were HUL down 1.5 per cent, and Tata Steel down 0.9 per cent, HDFC, Jaiprakash Associates, HCL Tech, ACC, Hero Honda and ITC also dipped.
The gainers were Ranbaxy Labs, Sulzon Energy, Wipro, Reliance Capital, SAIL, Bharti, TCS and Grasim.
Man Infraconstruction was up 46.7 per cent over its issue price of Rs 252 per share. It was trading at Rs 370.
In the midcap and smallcap arena, Texmo Pipes surged 4 per cent, GVK Power and Gammon Infra rose 1.5 per cent each, and Triveni Engg gained 0.5 per cent.
However, Bajaj Hindusthan, Balrampur Chini and Dhampur Sugar dipped 3 per cent each, and NMDC was down 3.6 per cent.
9: 32 AM