Indian equity benchmarks remained fence-sitters, unable to cash in on strong global cues. Every attempt to buy was counter by profit-booking, rendering the market rangebound. The 30-share BSESensex was trading at 17,173, up 42.5 points and the 50-share NSE Nifty went up 13 points to 5,174.
However, European markets like CAC, DAX and FTSE were trading 2-2.5% higher. Nasdaq futures gained 44 points and Dow Jones went up 104 points.
In the largecap space, HDFC, NTPC, Coal India, Reliance Industries, Hindalco, Reliance Infra, HDFC, Kotak Mahindra Bank, Reliance Capital and Reliance Communications rallied 1-3%.
However, Tata Power plunged over 4% despite strong Q1 results on consolidated basis. Bharti Airtel, Maruti Suzuki, ICICI Bank, Bajaj Auto and HCL Tech slipped 1-3%.
Midcaps like Tata Communications, Page Industries, Jain Irrigation, Cox & Kings and Blue Dart shot up 6-8%. However, Hotel Leela, Financial Tech, Apollo Tyres, Persistent and Jubilant Foodworks fell 4-5%.
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