The indices were consolidated in the first half of trade due to lack of global cues while in the second half of trade, the markets strengthen on the back of strong global cues.
Financial (barring HDFC Bank), telecom , FMCG, auto and select technology companies' shares helped the Nifty to stay above 5100 and Sensex above 17100 levels. However, selling in metal companies' shares along with ONGC, HDFC Bank, BHEL, Ambuja Cements, Kotak Mahindra Bank, Tata Power and Unitech capped the Nifty to surpass 5150 level today.
Mkts open in red; Nifty wavery
Mumbai, Jun 4: At 9:50 hrs, BSE Sensex was 16,980, down 41.78 points and NSE Nifty was 5097.60, down 12.90 points.
Benchmark Nifty began the day, hovering. Sensex was down 20 points and Nifty was down by 8.75 points, when the markets opened.
Markets were consolidating as the CNX Midcap went on red by 6 points where as BSE Smallcap Index went on green by 7 points.
349 shares advanced where as 305 declined on NSE.
HUL revived 3 percent among the frontliners. BPCL, ONGC, Cairn and GAIL went high by 1 percent. Oil India went up by 2 percent.
Reliance Communication, Hindalco, Tata Steel, Sterlite India, Bharti Airtel, Jindal Steel and Power, Idea Cellular, Suzlon Energy and Sterlite Industries witnessed pressure.
Among the broader indices, Shree Renuka was up by 1 percent and Rana Sugars was up by 3 percent. Lakshmi Vilas Bank and UCO Bank were also in green. Sesa Goa, Gujarat NRE Coke, Havells and Godrej Consumer plunged.