Nifty holds on to morning gains; RIL, Bharti, Infosys lead

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Consistent buying in index heavyweights Reliance, Infosys, Bharti Airtel helped the market to stay higher in afternoon trade. TCS, ONGC and L&T too were on buyers' radar. However, the fall in FMCG, realty and financials (barring ICICI Bank) capped the upside. The Sensex gained 109 points at 17,186.10 and the Nifty rose 33.6 points to 5,191.90.

For the short term, 5230-5250 is where the Nifty will see some resistance," Sudarshan Sukhani of s2analystics.com said in an exclusive interview to CNBC-TV18.

Shares of index heavyweight Reliance Industries shot up 3.5% today while ONGC gained just 1%.

Tata Motors and Sterlite Industries retained their top position on buyers' radar, rising 4% each. Bharti Airtel and Tata Steel gained 3-3.5%.

Shares of country's largest software services exporters Infosys and TCS were up 2% and 1.4%, respectively.

In the capital goods space, L&T moved up 0.9% while BHEL plunged 2.5% ahead of its third quarter numbers today.

However, ITC, HDFC Bank, HDFC and HUL were down nearly 2%. Shares of country's largest lender SBI fell over 1%; and DLF dropped over 3%.

Two-wheeler majors Bajaj Auto and Hero Motocorp were down 3.77% and 3%, respectively.

The market breadth was positive; about 1656 shares advanced while 1099 shares declined on the BSE.

At 12:47 hours IST : Sensex rises; Tata Motors, Sterlite top buy list

The Sensex continued to trade higher with around half percent gains, supported by oil & gas, metals and technology stocks. However, the fall in banks, realty, FMCG and auto (two-wheeler) stocks capped the upside to major extent. The Sensex moved up 85 points to 17,162.42 and the Nifty rose 26 points to 5,184.10.

Shares of Tata Motors topped the buying list, rising 4% on value buying. The stock have been rallied nearly 30% in a month.

Index heavyweights Reliance Industries and ONGC shot up 3% and 1%, respectively. Technology majors Infosys and TCS were up 1.9% and 1%, respectively.

Shares of country's largest telecom player Bharti Airtel jumped nearly 3%.

In the metal space, Tata Steel was up 2.3% and Sterlite Industries up 3.7%; Hindalco and Coal India gained around 1%.

However, HDFC, ITC, HDFC Bank and SBI were down 1% each. ICICI Bank was down 0.5%.

Bajaj Auto and BHEL were biggest losers, falling 3%; Hero Motocorp and DLF dropped 2% each.

Advancing shares outnumbered declining by 1593 to 1038 on the BSE.