The markets have turned into choppy mode ahead of results announcements and reacting to mixed Asian cues after weak opening in morning trade. Infosys numbers did not support the markets to boost though they are better than expectations. Market breadth is positive.
At 10.29 hrs IST, the Sensex was down 30.65 points or 0.19% at 15776.99, and the Nifty down 4.35 points or 0.09% at 4773.45. About 1503 shares have advanced, 1233 shares declined, and 338 shares are unchanged.
Top gainers on the bourses were Infosys, TCS, Ranbaxy and HCL Tech while losers - HDFC, HDFC Bank, Hindalco and Nalco.
Orchid Chem, Reliance Petroleum, Infosys and Reliance Industries were most active shares.
Technology stocks have outperformed the markets on Infosys good numbers and guidance. BSE IT Index was up 3.6% as buying seen in Infosys (up 4.7%), TCS (up 3.7%), Wipro (2.8%) and Satyam (2.7%).
Telecom stocks are also witnessing buying interest. The BSE TEck Index rose 1.6%.
However, banking, metal, realty and oil stocks are under selling pressure. The BSE Bankex, Metal, Realty and Oil & Gas indices were down 1.1%, 1.03%, 0.43%, and 0.37%, respectively.
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