A rally in global markets pushed the benchmarkSensex higher in the opening trade, but volatility snipped the upward trend. The 30-share BSE Sensexwas trading at 16,327, up 42 points. The 50-share NSE Nifty rose 13 points to 4,901.
The F&O series expires today and experts feel that it may happen in the range of 4800-4900. Among largecaps Tata Motors, IDFC, Reliance Communications, HUL, DLF, Maruti, Tata Steel, Dr Reddy's Labs and Sun Pharma were witnessing buying interest in early trade.
However, HDFC, HDFC Bank, ITC, L&T, Reliance Industries and Hero Motocorp (goes ex-dividend today at Rs 35 a share) were down.
The CNX Midcap rose 22 points to 7,288. About 534 shares advanced as against 320 shares declined on National Stock Exchange.
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