Nifty flat; BHEL, RComm, Suzlon top gainers

At 11:53 hours IST, the 50-share NSE Nifty was witnessing two-way moves after yesterday's sharp run-up. Heavyweight Reliance Industries was playing a major role in volatility.

Profit booking was seen in technology, auto, pharma and metal companies' shares as well as in ONGC, SBI, HDFC Bank, NTPC, Bharti Airtel, Axis Bank and Power Grid Corporation.

However, capital goods, private power and realty companies' shares were seeing buying interest. ICICI Bank, Reliance Communications, HDFC and Idea Cellular remained on buyers' radar along with HUL.

The Sensex was trading at 17942, up 7 points while the Nifty was at 5363, down 5 points.

Top gainers - Suzlon Energy was trading at Rs 75.10, up 2.46%; BHEL was at Rs 2,523.20, up 2.39%; Reliance Communications was at Rs 176.40, up 2.17%; Reliance Capital was at Rs 793, up 1.24%; DLF was at Rs 325.95, up 1.15%; Reliance Infrastructure was at Rs 1,078, up 0.99% and Tata Power was at Rs 1,395.20, up 0.95%.

Infosys, Wipro, TCS and HCL Tech from the technology pack slipped 0.6-2.5%. Tata Motors, Maruti and M&M from the auto segment declined 1% each while Hero Honda gained just 0.3%.

SAIL, Hindalco, Tata Steel and Jindal Steel from the metal space fell 0.3-1.3% while Sterlite Industries was up just 0.2%.

In the banking segment, SBI and HDFC Bank lost 0.8% each while ICICI Bank went up 0.8%.

Today's new listing - Persistent Systems was trading at Rs 412.20, up 32.97% over its offer price of Rs 310 per share.

The broader indices were up 0.5% each; as about 1697 shares advanced while 1198 shares declined on the BSE. Nearly 339 shares were unchanged.

In the midcap space, Allahabad Bank, Emami, JSW Holdings, Great Offshore and OnMobile Global were up 4-7% while Blue Dart, Simplex Infra, IndiaBPower, MVL and Wyeth lost 2-3.4%.

In the smallcap space, Shree Ram Urban, Essel Propack, Lloyds Metals, Jolly Boards and Gokaldas Export rallied 9-15% while Hinduja Foundries, JMD Telefilms, BAG Films, Shrenuj & Co and Artson Eng fell 3.5-6.5%.