The benchmark Nifty started the trade with a flat to positive bias today, following upside in global markets. Indices were consolidating at their previous closing values after a consistent sell-off seen in previous four days. The Nifty was hovering around 5500 level.
Jagdish Malkani, Member, NSE is expecting that the markets may spike up by around 200-300 points. However, he is concerned that there will be a lot of selling in that rally.
Among frontliners, Bharti Airtel, Bajaj Auto, Maruti, Reliance Communications, Reliance Infrastructure, HDFC, Kotak Mahindra Bank, ONGC, SAIL, IDFC and Reliance Industries were on buyers' radar.
However, Tata Motors, GAIL, ICICI Bank, TCS, Wipro and ITC were witnessing selling pressure.
BPCL lost 1% on spike in crude. Crude oil was trading at USD 92 a barrel on New York Mercantil Exchange.
At 9:17 hours IST, the 30-share BSE Sensex was trading at 18,392, up 64 points and the 50-share NSE Nifty rose 15 points to 5,522.
The CNX Midcap went up 49 points to 7,971. About 508 shares advanced while 176 shares declined on National Stock Exchange.
Midcap & Smallcap
Unitech lost 3%. The company approached court to stop pledged share sale held against debt raised by promoter entities.
Jet Airways was down 1.5% and Kingfisher Airlines down 0.4%. PSU oil companies will hike ATF prices by 4.5% effective Tuesday, reports CNBC-TV18 quoting PTI.
Jagdish Malkani, Member, NSE is expecting that the markets may spike up by around 200-300 points. However, he is concerned that there will be a lot of selling in that rally.
Among frontliners, Bharti Airtel, Bajaj Auto, Maruti, Reliance Communications, Reliance Infrastructure, HDFC, Kotak Mahindra Bank, ONGC, SAIL, IDFC and Reliance Industries were on buyers' radar.
However, Tata Motors, GAIL, ICICI Bank, TCS, Wipro and ITC were witnessing selling pressure.
BPCL lost 1% on spike in crude. Crude oil was trading at USD 92 a barrel on New York Mercantil Exchange.
At 9:17 hours IST, the 30-share BSE Sensex was trading at 18,392, up 64 points and the 50-share NSE Nifty rose 15 points to 5,522.
The CNX Midcap went up 49 points to 7,971. About 508 shares advanced while 176 shares declined on National Stock Exchange.
Midcap & Smallcap
Unitech lost 3%. The company approached court to stop pledged share sale held against debt raised by promoter entities.
Jet Airways was down 1.5% and Kingfisher Airlines down 0.4%. PSU oil companies will hike ATF prices by 4.5% effective Tuesday, reports CNBC-TV18 quoting PTI.
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