Nifty hovers around 4700; Bharti, RIL, Wipro lead

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At 13.37 hrs IST, the Nifty was hovering around the 4700 mark with gains of around 20 points. Bharti Airtel, Reliance, Wipro, ONGC, NTPC, Infosys, L&T and ITC were the positive contributor to the bourses. Buying interest was seen in pharma, capital goods, oil & gas, power and IT stocks while realty, banks and metal stocks witnessed selling pressure.

 

The Sensex was up 54.63 points or 0.35% at 15824.48, and the Nifty was up 20 points or 0.43% at 4700.85.

 

About 1858 shares advanced, 989 shares declined, and 336 shares were unchanged.

 

Ambareesh Baliga of Karvy Stock Broking said he was conservative on IT stocks and that one could hold those to sell in case of a further upmove. He was negative on commodities - metals and sugar.

 

Top gainers on the Sensex were Bharti Airtel at Rs 420.55 up 3.74%, Wipro at Rs 568.05 up 1.94%, Tata Power at Rs 1,358.10 up 1.78%, L&T at Rs 1,595 up 1.25% and NTPC at Rs 212.50 up 1.12%.

 

The BSE midcap and smallcap indices were up 0.95% and 1.39% respectively.

 

Top gainers on the BSE Midcap - Info Edge, Guj Mineral, Videocon Indust, Bombay Rayon and Sintex India were up 6-9%.

 

Top gainers on the BSE Smallcap - Shrenuj and Co, Shoppers Stop, ESS DEE, Zuari Inds and Atoll were up 10-17%.

 

However, top losers on the Sensex were Tata Motors at Rs 491.70 down 1.39%, HUL at Rs 259.45 down 1.26%, HDFC at Rs 2,487.05 down 1.01%, Tata Steel at Rs 455.40 down 1.01% and ICICI Bank at Rs 753.45 down 1.01%.

 

Index heavyweight Hindustan Lever was trading at Rs 259.45 down 1.26% from its previous close of Rs 262.75.

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