Nifty was trading in a narrow range of 5378 and 5399 points since the markets opened on Thursday, Jul 15. The shares of metal, FMCG, power (NTPC exception) and cement and technology companies surged.
The other gainers in the trade were Reliance Industries, Axis Bank (ahead of results), ONGC, ICICI Bank, Siemens, Tata Motors, Idea Cellular and Jaiprakash Associates.
Capital goods, realty, select pharma and auto companies witnessed selling pressure. Shares of Bharti, SBI, HDFC, BPCL, HDFC Bank, NTPC and Reliance Communications went southbound.
The most active shares in the market were BF Utilities, Tata Steel, Sintex India, IRB Infra, HPCL, Axis Bank and Reliance Industries.
Mkts open flat on mixed global cues
Mixed cues from the global markets forced the Indian indices to start the day on a flat note, with mixed trading in sectors like financial, metal, telecom and oil & gas sectors.
At 9:01 am, BSE Sensex was trading at 17933, down 4 points and the Nifty was at 5384, down 1.5 points.
The early frontline gainers were Tata Steel, L&T, Infosys, Axis Bank, ICICI Bank, PNB, Suzlon Energy, ONGC, Idea Cellular, Power Grid.
In the Midcap and Smallcap space, Mukand shot up 7 per cent, Thomas Cook rose 3 per cent, S Kumars Nationwide, 3i Infotech and Patni were up 1.5 to 3 per cent. However, Amrutanjan Healthcare fell 4.5 percent on withdrawal of buyback offer and Nagarjuna Construction lost 2 per cent.
9: 41 AM