Markets are trading with some choppiness. Nifty is hovering around 4500 mark. Telecom stocks are under pressure today. There are concerns that liquidity in the sector may get sucked out due to the BSNL IPO. The BSE IT index has outperformed the other sectoral indices; it was up over 1%.
Some buying interest is also seen in pharma, bank, FMCG and oil & gas indices. However, realty, power and capital goods indices were witnessing selling pressure.
At 10.27 hrs IST, the Sensex is up 11.96 points or 0.08% at 15085.50, and the Nifty down 12.15 points or 0.27% at 4505.40.
About 1450 shares have advanced, 1480 shares declined, and 228 shares
are unchanged.
Top gainers on the Sensex are HDFC at Rs 2,446 up 2.10%, Tata Motors at Rs 433 up 1.48% and Satyam at Rs 413.15 up 1.41%.
Top losers on the Sensex are ACC at Rs 613.15 down 3.83%, Bharti Airtel at Rs 842 down 3.19% and BHEL at Rs 1,783.25 down 2.41%.
Most active shares on BSE are RNRL at Rs 99.60 with volumes of 5,070,928, Rel Capital at Rs 1,362.00 with volumes of 339,192 and Reliance at Rs 2,281 with volumes of 196,703.
Markets @ 9:56 am : Mkts choppy in early trade; DLF, ICICI Bank, RIL slip
Markets have opened with marginal loss and now trading choppy. Buying interest is seen in bank, IT, metal and FMCG indices. Stocks like HDFC, Satyam, Infosys were among major gainers.
However, DLF, Sterlite Ind, RPL, ICICI Bank, Reliance Ind, L&T, BHEL, Tata Comm, ABB, SAIL, Bharti Airtel were trading down.
At 9.56 am, the Sensex was down 80 points at 14992, and the Nifty down 18 points at 4498.
Most of the asian markets were tarding lower. Nikkei, Hang Seng, Seoul Composite, Straits Times, Taiwan Weighted and Shanghai Composite were tarding lower.
US markets advanced yesterday building on the prior sessions rally as a drop in oil prices and encouraging outlook from Cisco helped offset the disappointment in Freddie Mac's results. Notable gainers for the day included Caterpillar & Chevron. Crude was down 59 cents at USD 118.58 a barrel on the NYMEX.
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