The market made a smart recovery from day's low to trade flat with a negative bias, following rebound in global markets. Bharti, ICICI Bank, TCS, Infosys, SBI and Wipro were lead players in this recovery. The 50-share NSE Nifty slipped 14 points to 4,853 and the 30-share BSE Sensex fell 47 points to 16,115 after showing more than 300 points recovery from day's low of 15,801.01.
European markets like France's CAC and Germany's DAX jumped 2% each; Britain's FTSE rose 0.5%. Even the Dow Jones futures gained 0.6%, which lost more than 1.5%.
On the home turf, heavyweights like Bharti Airtel and ICICI Bank shot up 2.5-3%. TCS, Infosys, SBI, DLF and Wipro were up 0.5-1.5%.
Jaiprakash Associates was the biggest gainer - jumped 3%. Tata group stocks too got back into green - Tata Steel, Tata Power and Tata Steel rose 0.5% each.
However, largecaps like L&T, ITC and NTPC went down 1.3-1.7%. ONGC and Reliance Industries fell 0.7% each.
Sterlite Industries, Hero Motocorp, Cairn, Hindalco, Bajaj Auto, GAIL and Sesa Goa tumbled 2-3.5%.
But the broader indices underperformed benchmarks - the BSE Midcap and Smallcap indices fell 1.2% each.
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