Nifty below 5500

Equity benchmarks were moderately lower in the opening trade amid choppy trade, following weak Asian cues. The market shrugged off positive US cues.The Nifty was struggling to hold the 5500 level. Technology, telecom, power and select banking stocks were on sellers' radar.

Dr Reddy's Labs fell nearly 2% on USFDA inspection in one of company's plants. Maruti Suzuki, Tata Motors, NTPC, Jaiprakash Associates, Infosys, Ambuja Cements, Reliance Communications, Bharti Airtel, ICICI Bank, SBI and Kotak Mahindra Bank were putting pressure on the market.

At 9:18 hours IST, the 50-share NSE Nifty was trading at 5,489, down 11 points and the 30-share BSE Sensex slipped 35 points at 18,273.

Banks, FMCG, infrastructure drive Sensex higher

Indian equity benchmarks were consistently trading with about half a percent gains amid volatility, supported by financial, FMCG, infrastructure, realty, steel, healthcare and telecom companies' shares. ONGC was the leading star on the Nifty, with rising more than 1.5%. TCS and Wipro gained close to 1% at 10:45 hours.

The 50-share NSE Nifty continued to hold the 5500 level. The index was trading at 5,510, up 28 points and the 30-share BSE Sensex gained 76 points at 18,342. The Nifty Futures were trading with 14 points premium.

Sensex quiet

Equity benchmarks were hovering around their previous closing values after sharp recovery from day's low. PSU oil & gas, power, capital goods, telecom and private financial companies' shares were leading the markets


The Nity was trying to move towards the 5500 level but the sell-off in heavyweights Reliance Industries, TCS, SBI, Wipro and ITC has limited the upside. Metal and cement stocks too were on sellers' radar.

The 30-share BSE Sensex was trading at 18,277, up 9 points and the 50-share NSE Nifty was unchanged at 5486. Market breadth too was mixed - about 623 shares advanced as against 641 shares declined on National Stock Exchange.

Sensex Flat

The Indian benchmark indices were trading flat with positive bias in the afternoon trade. Some buying was seen in capital goods, power and pharma stocks. However, metal, oil & gas and realty stocks were trading weak.

Heavyweights like Reliance Industries, TCS, SBI, Tata Motors and Tata Steel were negative contributors to the Sensex. At 13.14, the Sensex was up 29.91 points or 0.16% at 18298.45, and the Nifty was up 5.15 points or 0.09% at 5490.95.


Top gainers on the Sensex were NTPC at Rs 180.50 up 2.50%, Cipla at Rs 340.10 up 2.41%, Reliance Comm at Rs 93.95 up 1.57%, ONGC at Rs 270.15 up 1.22% and Hero Honda at Rs 1,742 up 1.05%.

Top losers on the Sensex were Reliance at Rs 928.25 down 1.67%, Hindalco at Rs 182.10 down 1.27%, TCS at Rs 1,179 down 0.81%, Maruti Suzuki at Rs 1,220 down 0.79% and Tata Motors at Rs 1,012.05 down 0.76%.

Lovable Lingerie most active stock

Lovable Lingerie touched a 52-week high of Rs 402.95. At 13:18 hrs the share was quoting at Rs 382.40, down Rs 3.00, or 0.78%. It was trading with volumes of 1,940,205 shares, compared to its 5-day average of 831,040 shares, an increase of 133.47%.

In the previous trading session, the share closed up 19.76% or Rs 63.60 at Rs 385.40.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	321.85	382.40	60.55	18.81
5-Days	315.20	382.40	67.20	21.32
7-Days	323.70	382.40	58.70	18.13
15-Days	301.35	382.40	81.05	26.90
1-Month	326.55	382.40	55.85	17.10
3-Month	249.20	382.40	133.20	53.45
6-Month	249.20	382.40	133.20	53.45
9-Month	249.20	382.40	133.20	53.45
1-Year	249.20	382.40	133.20	53.45