Nifty above 8,300 levels
Some buying activity is seen in capital
goods, pharma, auto and metals sectors, while IT, consumer durables, fmcg, and
teck sector is showing weakness on BSE. The Volatility index - India VIX - is
now up 2 percent at 15.81.
Following strong rally in the past seven
trading session, the market today started the day on a tentative note amid
mixed global cues. The BSE Sensex opened with a marginal gain of 30-points at
27,760 and the NSE Nifty added 24 points at 8,377. The key benchmark indices
touched a high at 27,840 and 8,383, but could not hold gains for a long and
slipped into the negative zone, on account of profit-booking at higher levels.
The BSE Sensex is now up 92 points at 27,822 and the NSE Nifty is up 32 points
at 8,385. In the broader market, the CNX Midcap and Smallcap indices are flat
at 13,051 and 5,379, respectively. The Volatility index - India VIX - is now up
2 percent at 15.81. Among sectors, the CNX Auto, FMCG, IT and Finance indices
are down 0.3 percent each, while the PSU Bank index has gained almost a percent
at 3,322 and the Metal index has added 0.2 percent at 2,293. In the Nifty space
- Tata Power and Infosys have dropped 1.5 percent each at Rs. 73.35 and Rs.
1,009, respectively. Gail India, Idea Cellular, Axis Bank and ITC have shed
over a percent each. On the other hand, Punjab National Bank has surged almost
3 percent at Rs. 142. Hindalco and Bharti Airtel have jumped 1.4-1.5 percent
each at Rs. 123 and Rs. 431, respectively. HCL Technologies, Bank of Baroda,
Larsen & Toubro, Cipla and Coal India are the other prominent gainers.
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