The markets have turned back into the green and trading with marginal gains though it is still in choppy mode. Buying interest has seen in technology, oil, telecom and metal stocks while power, capital goods and auto stocks witnessing selling pressure. Midcaps and small caps are still in the red. Market breadth is negative, about 1373 shares have advanced, 1618 shares declined, and 78 shares are unchanged.
At 11.49 hrs IST, the Sensex was up 117 points at 15868, and the Nifty up 33 points at 4,787.
Technology stocks are witnessing buying interest after sharp fall in last few sessions. Wipro, Satyam, Infosys Technologies were up 2-4%. The BSE IT Index was up 2.5%.
Oil stocks are trading strong. ONGC, Reliance Industries and Cairn India were up 2-3.5%. The BSE Oil & Gas Index rose by 2.5%.
However, top losers were BHEL, Reliance Energy, Maruti, Suzlon and ABB.
BHEL is amongst top losers, was down 5% on the back of disappointing FY08 numbers. BHEL FY08 (provisional) net profit stood at Rs 2815 crore versus Rs 2415 crore and sales at Rs 21,608 crore as against Rs 18,739 crore.
On the primary market front, Gammon Infrastructure was trading at Rs 155, down 7%, with volumes of 29,02,750 shares.
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