In the last couple of hours, all sectors experienced buying except few stocks like Bharti Airtel, HDFC Bank, ACC, Wipro and Jaiprakash Associates.
Sensex closed at 17383, up 218 points and the Nifty was at 5198, up 69 points.
Sensex trades at 1700 mrk, RIL, Oil & Gas gain
Sensex recovered and strengthened after completely lacking lustre in the second half of the session. Reliance Industries was the leading counter with 2.5pc gain, along with entire oil & gas space.
Metal, pharma, technology (barring Wipro), auto, select power and capital goods stocks, who were supporting the market were the other gainers.
However, the gain was limited to a major extent by selling in banking & financial space along with Bharti, ITC, Wipro, DLF, Jaiprakash Associates, ACC and Ambuja Cements.
At 1:09 PM, Sensex was trading at 17213, up 48 points and the Nifty was at 5147, up 18 points.
In the pharma space, Sun Pharma, Cipla and Ranbaxy Labs gained 0.5 to 1.7pc.
In the oil & gas, ONGC, Cairn India, BPCL and GAIL moved up 1 to 2pc.
However, HDFC Bank from the banking & financial segment tanked 1.9pc. SBI, ICICI Bank and HDFC lost 0.4 to 0.6pc.
Top gainers on the BSE Midcap - REI Six Ten was up 15.45pc. Jai Corp, Apollo Tyres, Triveni Engg and 3M India went up 5.8 to 10.7pc.
Top losers on the BSE Midcap - Bannariamman, ING Vysya Bank, HMT, Essar Shipping and Shriram City dipped 2 to 3pc.
Top gainers on the BSE Smallcap - Ruchinfra, Graviss Hospital, Graphite India, Panyam Cements and Carol Info gained 8 to 10pc.
Top losers on the BSE Smallcap - Richa Industries, Thinksoft, Gee Kay Finance, Gemini Comm and Maharashtra Elektrosmelt slipped 5 to 6pc.
Sensex down 8 pts; Reliance gains
Losing lacklustre in trade, Sensex was trading in two-way moves supported by Oil & gas, pharma, auto and select power stocks along with L&T, HUL and Reliance Communications.
Banking & financial (especially private banking), metal and realty stocks along with Bharti, DLF, Wipro, ACC and Jaiprakash Associates were seeing selling.
At 10: 27 am, Sensex was trading at 17172, up 8 points and the Nifty was at 5131, up 3 points.
The mosts active shares on the bourses Reliance Industries, Texmo Pipes, Core Projects, Man Infraconstruction, Reliance Natural, Tata Power, Shree Renuka and Axis Bank.
In the midcap space, Apollo Tyres, Asian Star, Andrew Yule, Whirlpool and Phoenix Mills rose 3 to 5pc. Godfrey Phillip, HMT, ING Vysya Bank, KS Oils and Essar Shipping dipped 1.7 to 3.7pc.
In the samllcap space, Graphite India, Graviss Hospital, Atco Corp, Lok Housing and Madhucon Project surged 6 to 11pc while Hinduja Foundries, Thinksoft, Maharashtra Polybutenes, Gee Kay Finance and Prraneta Industries tanked 4.8 to 7.8pc.
Mkts open with marginal gains, Tata Motors up
After closing flat, markets opened on a marginal gains on the back of positive Asian cues and late trade recovery in the US markets. Nifty continued its consolidation phase for the ninth consecutive session.
At 9:02 pm, Sensex was trading at 17197, up 32 points and the Nifty was at 5137, up 8 points. The CNX Midcap rose 20 points to 7490.
Among the frontliners, buying interest were seen in Ranbaxy, Idea, HCL Tech, Jaiprakash Associates, HDFC, Tata Motors, Cipla, Tata Steel, Maruti, SAIL, Hindalco, ACC and Axis Bank.
The losers were Bharti Airtel, Ambuja Cements, HDFC Bank, Grasim, Infosys and ICICI Bank.
Midcap & Smallcap space:
Radico Khaitan gained 3pc, as the company plans to raise USD 50-75 million QIP.
Technology stocks like 3i Infotech and MindTree rose 3pc each.
Mahindra Ugine went up 3pc and Inox Leisure gained 4pc.
Great Offshore went up 1pc on the back of likely fund raising.
However, Sugar stocks like Balrampur Chini, Bajaj Hindusthan and Shree Renuka dipped 0.5 to 1pc.
NMDC lost 2.5pc to Rs 335.
Asian markets were trading marginally higher.