The markets are off the highs and have given up most of its gains to trade flat. Technology stocks have continued the uptrend and outperformed the frontline indices. Market breadth is positive. Nifty has slipped into the red. Midcap have stolen the show and have outperformed the benchmark indices. Buying support is seen from technology, telecom, realty, power, oil and banking stocks. Capital goods stocks are witnessing some profit booking while, auto and FMCG stocks are trading flat.
At 14.46 hrs IST, the Sensex is up 146.59 points or 0.91% at 16300.25, and the Nifty up 23.50 points or 0.48% at 4903.15.
About 2051 shares have advanced, 737 shares declined, and 286 shares are unchanged.
Among the frontline stocks HCL Tech was up over 6% followed by Infosys up over 5%, Satyam, Reliance Energy were up over 3% each.
While Ambuja Cements, ONGC, HUL and Suzlon Energy were among the top laggards.
Midcap and small cap stocks are trading strong, both indices up over 2% each.
Orchid Chemicals, RNRL, Reliance Petroleum and Reliance Industries were most active shares.
BSE IT Index surged over 3%, TEck and Realty up more than 2%, Power, Metal, Oil & Gas up over 1%. Capital Goods index is down 1%.
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