The markets are trading flat amid choppy trades. Buying interest in technology, oil, telecom, metal and FMCG stocks have given support to the markets though selling pressure has continued in power and capital goods.
On the global front, Asian markets ended strong barring Jakarta Composite and Taiwan. European markets are trading mixed.
At 2:33 hrs IST, the Sensex is up 26.87 points or 0.17% at 15777.27, and the Nifty up 0.40 points or 0.01% at 4754.60.
About 1310 shares have advanced, 1677 shares declined, and 82 shares are unchanged.
Top gainers were Wipro, Satyam, TCS and Dr Reddy's Labs while losers - BHEL, Maruti, Reliance Energy, Suzlon and ABB.
Technology and oil stocks are on buying spree, trading strong. The BSE IT and Oil & Gas indices were up over 3% and 2%, respectively.
BSE TEck Index was up 1.9%, Metal up 1.3% and FMCG up 0.8% whereas selling pressure continued in power, capital goods and auto stocks; BSE Power, Capital Goods and Auto indices were down 1.5%, 1.2% and 0.8%, respectively.
For the month of Februray 2008, Infrastructure output stood at 8.7% versus 7.6%, steel production at 8.2% versus 13.6% and Coal output at 11.7% as against 6.5% (YoY).
On the primary market front, Gammon Infrastructure was trading at Rs 154.70, down 7.37% as against its issue price of Rs 167.
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