Nifty lacklustre; TCS, SBI, HDFC, Infy, SAIL, NTPC up

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At 13:04 hours IST - buying in shares of technology, banking, metal, oil marketing, power, realty along with ONGC and HUL was helping the markets to stay on the higher side. However, the volatility was not yet out of the markets ahead of July expiry.

SBI Q1 numbers were above the estimates and reported 42% jump in net profit with 4% rise in net interest income. The stock moved up 2.5%. ICICI Bank and HDFC Bank were up over 2%.

However, selling continued in Reliance Industries, Bharti Airtel, BHEL, PNB (lost 6%), Sun Pharma (bad Q1 numbers, down 5.5%), ITC, Nalco, ABB, Siemens, Maruti, Sterlite and ACC. These were adding some volatility.

The Sensex was up 73 points, to 15,246 and the Nifty rose 17.5 points, to 4,531. The broader indices were up 0.6-0.9%. About 1551 shares advanced while 1180 shares declined on the BSE. Nearly 439 shares were unchanged.

In the largecaps, TCS, HUL, HDFC, SBI, Wipro, NTPC, BPCL and SAIL were up 1-3.6%.

Tata Steel, DLF, HDIL, Suzlon Energy, Unitech and SBI were most active shares on the bourses.

In the midcap space, Patni Computer surged 15.11%. Nava Bharat Venture, Ipca Labs, Nirma and Kirloskar Oil were up 5-10% while Jagran Prakashan, IRB Infra, Bajaj Hindusthan, Adlabs Films and Sterling Biotech lost 2.8-5%.

In the smallcap space, Taj GVK Hotels shot up 20%. Paper Products, Sundram, VIP Industries and Marathon Nextgen went up 10-12%. However, Rico Auto, Lok Housing, Panacea Biotech, Sandur Manganes and Mahindra Forgings fell 5-7%.

On the next page - see how Indian markets performed in the last couple of hours