At 14:21 hours IST - buying in financial, metal, Anil Dhirubhai Ambani Group (ADAG) group companies' shares along with Reliance Industries, Wipro, DLF and BHEL was helping the benchmark Nifty to trade in positive terrain. The index was facing resistance at 6000 level while the Sensex managed to hold 20,000 level.
However, indices were getting some selling pressure at higher levels due to fall in cement and FMCG companies' shares along with NTPC, Bharti, TCS, Infosys, Sun Pharma, Dr Reddy's Labs, ONGC and L&T.
The 30-share BSE Sensex was trading at 20034, up 145 points and the 50-share NSE Nifty was at 5992, up 45 points. The BSE Midcap Index was up 0.6% and Smallcap up 0.85%.
Among frontliners, Sterlite Industries, Sesa Go and Hindalco jumped 4% each. ICICI Bank, SBI and Axis Bank were up 2-3.8%. However, Sun Pharma cracked 4%. Dr Reddy's Labs, BPCL, Hero Honda, ACC, NTPC, Bharti Airtel, Infosys and TCS were down 0.6-1.4%.
In midcap space, ARSS Infra, Akzo Nobel, India Infoline, Wockhardt and MVL gained 5-7.5% while Ispat Industries lost 14% (JSW Steel will be promoter of company and will announce open offer for company tomorrow). AIA Engineering, Money Matters, Sintex India and Unichem Labs slipped 4.5-5%.
In smallcap space, Shrenuj & Company, Parenteral Drug, Bombay Burmah, Jayshree Tea and Arshiya Intl rallied 7.4-10% while Centrum Finance, Midfield Industries, SVC Resources, Urja Global and Oscar Invest lost 5% each.
Mahindra Satyam shot up 8% on back of huge volumes as it said would seek listing again on NYSE (New York Stock Exchange), reports CNBC-TV18 quoting DJ.
Gap in advance:decline reduced marginally; about 874 shares advanced while 405 shares declined on National Stock Exchange.
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