The markets have opened marginally higher but turned into choppy mode in the first half an hour of trade. Selling pressure has seen in metal and banking stocks. Buying was seen in realty, capital goods, power, technology, oil and auto stocks. Market breadth is positive. Midcap and small cap stocks moved up. On the global front, Asian market were trading higher.
At 10:18 am, the Sensex was up 7.49 points at 16,791 and the Nifty up 9.9 points at 5059.
Midcap and small cap stocks were trading higher, indices were up 0.5-1%. About 1716 shares have advanced, 1115 shares declined, and 247 shares are unchanged.
Top gainers were DLF, Wipro, L&T, Unitech, Tata Power and Cairn India while losers - HDFC Bank, Tata Steel and Satyam.
Metal stocks have taken a knock back approach today, are the draggers to some extent. Major steel companies agreed to hold steel prices for next two three months following PM's request. Tata Steel was down over 3% and SAIL slipped nearly 5%. The BSE Metal Index was down 1.6%.
Banking stocks also taken a dip as major banking stocks are down. The Bankex fell 0.86%.
RNRL, IFCI, Orchid Chem, Reliance and Satyam were most active shares on the bourses.
However, realty stocks have outperformed the other indices, index up 2.74%. Auto, Healthcare, Capital Goods and IT indices were up over 0.5%.
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