Markets are trading with extreme volatility as technology, FMCG, banking and select capital goods stocks are supporting frontline indices while oil & gas, auto, metal and select power stocks are pulling indices lower. Midcap and small cap indices are not showing any great movement, both are trading flat.
At 12:31 pm, the Sensex declined by 42 points at 14,681 and Nifty down 24 points at 4,406. Market breadth is slightly weak; about 1114 shares have advanced while 1233 shares declined. Nearly 815 shares are unchanged.
HDFC Bank, HDFC, Satyam and Sun Pharma are top gainers while Grasim, Hindalco, Reliance Ind, BPCL and Suzlon Energy are losers.
BSE IT gained 1% and Bankex up just 0.6%. However, Oil & Gas fell 1.9%, Auto and Metal plunged over 1%. Power lost 0.9% and Realty down 0.55%.
Markets are witnessing some volatility and consolidating at current levels for further upmove. Buying is seen in technology, FMCG, banking and select pharma stocks while selling in oil & gas, metal, auto and power stocks.
At 11:21 am, the Sensex rose 15 points at 14,739 while Nifty fell 11 points at 4,419. BSE Midcap and Small cap indices are also flat.
Market breadth is mixed; about 1449 shares have advanced while 1501 shares declined. Nearly 212 shares are unchanged.
Top gainers are HDFC, HDFC Bank, Satyam and Sun Pharma while losers are Hindalco, Grasim, Sterlite Industries and BPCL.
Reliance Capital, Reliance Ind, Vishal Info and ICICI Bank are most active counters on the bourses.
BSE IT Index rose 1.75%. Indian Rupee is trading around 43.23 per dollar.
Bankex jumped nearly 1.7%, FMCG gained 1.1%, Capital Goods and Healthcare 0.8% each. However, Oil & Gas fell 1%, Auto down 0.8% and Metal slipped 0.5%.
