Nifty tests 4800; IT, auto gain 1-2%

ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs BSE | NSE 10/02/12

At 13.02 hrs IST, the Sensex was up close to 100 points and looking to breakout on the upside after facing stiff resistance around 16010-16020. The Nifty was also inching towards the 4800 mark after trading in a narrow band of 4760-4790. IT stocks were leading the pullback followed by auto, pharma, FMCG, power and banks stocks. The BSE Midcap and Smallcap index were up 0.3% and 0.53% respectively. The Realty index was down more than 1%.

The Sensex was up 108.30 points or 0.68% at 16043.91, and the Nifty was up 39.85 points or 0.84% at 4800.25. About 1607 shares advanced, 1232 shares declined, and 313 shares were unchanged.

In the largecap space, Wipro was the top gainer with more than 2.5% gain. Hero Honda, ACC, Infosys and Grasim were up 2% each. On the losing side, DLF, Suzlon Energy, BPCL, Unitech and Hindalco were down 1.4-2.5%.

Refinery major HPCL was trading at Rs 345.55 up 0.64% from its previous close of Rs 343.35. Tech major Infosys was trading at Rs 2,458.05 up 2.39% from its previous close of Rs 2,400.75. Cigarette major ITC was trading at Rs 246.15 up 0.39% from its previous close of Rs 245.20.

Index heavyweight Reliance was trading at Rs 990.00 down 0.64% from its previous close of Rs 996.35. Hindustan Lever was trading at Rs 233.70 down 0.66% from its previous close of Rs 235.25.

Cement stocks like Grasim, ACC and Ambuja Cements gained 2.5% each.

Top gainers on the BSE Midcap: AstraZeneca, Patni Computer, Jubilant Org, Lupin and Future Capital were up 3-6%.

Top losers on the BSE Midcap: Gujarat NRE Coke, Shriram City, Indiabulls Real, Prakash Industries and Core Projects were down 2-4%.

Top gainers on the BSE Smallcap: Goodyear, Kaveri Seed, KPIT Cummins, Gati and Taj GVK Hotels were up 7-20%.

Top losers on the BSE Smallcap: Swaraj Mazda, Advani Hotels, CMI FPE, PVP Ventures and Hinduja Foundri were down 4-9%.