Nifty flat; ONGC, Infy, Wipro, JSPL, TCS, ITC, SAIL gain

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At 1.03 pm, the Sensex was not showing any decisive breakout either side. It was hovering around its previous closing value. Some buying was seen in technology, realty, metal, pharma and FMCG stocks. However, capital goods, oil & gas, and banking stocks were trading weak.

Infosys, ITC, HDFC Bank, ONGC and TCS were positive contributors to the Sensex while Reliance, ICICI Bank, L&T, HDFC and SBI were the negative contributors.

The Sensex was down 2.84 points or 0.02% at 17047.81 while the Nifty was up 2.50 points or 0.05% at 5064.75. About 1,769 shares advanced while 1,086 shares declined. Nearly 574 shares were unchanged.

ITC increased prices of premium cigarettes; It upped Benson & Hedges rate by Rs 5/20 sticks to Rs 105. The stock was up 1.5%.

Exide board approved QIP of 5 crore shares. The stock was up 1.3%.

Telenor scaled down India capex plan. Telenor partnered with Unitech to launch telecom service in India. Unitech was up 1%.

Top gainers on the BSE Midcap: Asian Star, Maharashtra Seamless, Pantaloon Retail, GE Shipping and BOC India were up 5-6%

Top losers on the BSE Midcap: Mphasis, BF Utilities, Educomp Solution, BGR Energy and REI Six Ten were down 2-4%.

Top gainers on the BSE Smallcap: Jai Balaji Ind, Garware Offshor, Lok Housing, Hind Motors and Mercator Lines were up 8-9%.

Top losers on the BSE Smallcap: Suashish Diamon, Vipul, Fem Care Pharma, Gulf Oil Corp and Varun Industrie were down 3-5%.

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