DLF, ONGC sparkle in dull trade, Bharti tumbles 2%

Moneycontrol Bureau

Barring certain stocks, equity markets on Tuesday reamined largely flat slipping in and out of the red zone. At 2.30 PM, the Sensex was up 23.02 points at 19524.10, and the Nifty moved up 8.85 points to 5907.05. Stocks in the Oil and Gas, Pharma, Power, Realty, Cement  and FMCG sectors were supporting the indices. While DLF was the biggets gainer on Nifty with 3.08 percent gains, ONGC moved close to 3% on the indices.

Realty sector, in particular, was having a field day. Besides DLF,  Purvankara was a big mover in the midcap space rising 14 percent followed by 5 percent rise in Peninsula Land. Prestige Estate gained 1.5 percent.

Meanwhile telecom stocks continue to languish. In an order, Telecom Commission allowed companies with ISP licences and 4G spectrum to offer phone calls services by paying a fee of Rs 1,658 crore. However, the news has not done any good to the sector. Bharti Airtel remained one of the biggest underperformers losing 2.23 percent in the late afternoon trade. Idea Cellular and Reliance Communication lost nearly 1 percent each.