Mkts extremely volatile; power, capital goods, pharma gain

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At 10:42 hours IST, the benchmark indices were witnessing huge volatility, as investors and traders looked cautious ahead of the Union Budget on Monday. Both the indices were hovering around their previous closing values.

Power, capital goods, pharma stocks along with Reliance Industries, Bharti and HDFC were seeing buying interest. However, selling was seen in metal, technology, realty, FMCG along with ONGC.

The Sensex was down 5 points, to 14,653 and the Nifty fell 2.5 points, to 4,346. The broader indices were also flat in trade.

The market breadth was mixed. About 1313 shares advanced while 1329 shares declined on the BSE. Nearly 514 shares were unchanged.

Top gainers - Ranbaxy Labs, Tata Power, Suzlon Energy, HDFC, Sun Pharma, NTPC and BHEL were up 1.6-2.5%.

Top losers - Infosys, ONGC, Tata Steel, Sterlite Industries, Hindalco, Cairn India and SAIL lost 1-2%.

In the midcap space, Monnet Ispat, Advanta, Patel Engg, Anant Raj Industries and Puravankara Projects gained 4-9.5% while Kansai Nerolac, Jagran Prakashan, Emami, 3M India and GMDC fell 3-5.6%.

In the smallcap space, Oscar Investment, Rain Commodities, Pennar Industries, Marathon Nextgen and Elpro Int went up 5-7.7% while Balkrishna Industries, Geefcee, Zodiac Clothing, Century Plyboard and Religare Techno fell 5-7.7%.

Stocks like Texmaco, Kalindee Rail Nirman, Kernex Microsystems and Titagarh Wagons were up 1-2%, ahead of the Railway budget.

On the next page - see how Indian markets performed in the last half an hour