Nifty volatile with +ve bias; Infy, TCS, SAIL, Bharti up

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 11.57 hrs IST, the Nifty was trading flat with positive bias. The benchmark index failed to cross the supply zone of 4790-4820 on the upside and retraced back to 4770 levels. Realty, oil&gas and metal stocks continued to drag the markets down. The IT Index was star performer of the day. Buying was also seen in pharma, auto and FMCG stocks. The BSE Midcap and Smallcap index were also trading in the green.

The Sensex was up 46.67 points or 0.29% at 15982.28, and the Nifty was up 14.45 points or 0.30% at 4774.85. About 1574 shares advanced, 1249 shares declined, and 329 shares were unchanged.

In the largecap space, SAIL was the top gainer with more than 2%.  Infosys, Wipro, Grasim and Hero Honda were up 1.6% each. On the losing side, DLF, BPCL, Suzlon Energy, Reliance Infra and HUL were down 1.2-1.6%.

Hindustan Lever was trading at Rs 233.45 down 0.77% from its previous close of Rs 235.25. Reliance was trading at Rs 988.00 down 0.84% from its previous close of Rs 996.35.

Tech major Infosys was trading at Rs 2,441.65 up 1.7% from its previous close of Rs 2,400.75. Cigarette major ITC was trading at Rs 246.05 up 0.35% from its previous close of Rs 245.20. Refinery major HPCL was trading at Rs 344.45 up 0.32% from its previous close of Rs 343.35

Jubilant Foodworks lost some ground after touching high of Rs 250. The stock was up nearly 60% from its issue price of Rs 145.

Top gainers on the BSE Midcap: AstraZeneca, Jubilant Org, Central Bank, BGR Energy and Patni Computer were up 3-6%.

Top losers on the BSE Midcap: Gujarat NRE Coke, Shriram City, Blue Dart, Petronet LNG and Indiabulls Real Estate were down 2-4%.

Top gainers on the BSE Smallcap: Goodyear, Gati, Fem Care Pharma, Money Matters and Transport Corp were up 6-20%.

Top losers on the BSE Smallcap: Swaraj Mazda, CMI FPE, INOX Leisure, Rollatainers and Ashtavinayak were down 3-9%.