Sensex holds gain; Oil&Gas, metal, FMCG, pharma up

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

At 13.00 hrs IST, the Nifty was facing stiff resistance around 5100 mark. The Nifty tested 5100 on the upside but was unable to pickup the momentum to break it decisively. The Nifty was hovering around 5100 mark.

Reliance Industries was leading the heavyweights with more than 3% gain. Defensive sectors like FMCG and pharma also seen some buying interest along with Oil&Gas, metal and banks. On the losing side, Bharti Airtel was down 3%. The telecom war intensifies with Tata Teleservice launching 1 paise/second roaming plan. BSE Midcap and Smallcap Index were up 0.3% and 0.9% respectively. The Nifty November future was trading with double digit premium.

The Sensex was up 155.70 points or 0.91% at 17177.55, and the Nifty up 47.15 points or 0.93% at 5099.60. About 1756 shares advanced, 1069 shares declined, and 607 shares were unchanged.

Top gainers on the BSE Midcap: Guj Mineral, Aurobindo Pharma, Gujarat Gas, BF Utilities and HMT were up 6-7%.

Top losers on the BSE Midcap: KGN Industries, Gammon India, Balrampur Chini, Shree Renuka and JK Bank were down 3-10%.

Top gainers on the BSE Smallcap: Tata Sponge Iron, Atul Industries, Indian Metals, Sahara One and Mastek were up 7-12%.

Top losers on the BSE Smallcap: PVP Ventures, Webel SL Energy, Advani Hotels, Dhampur Sugar and MVL were down 4-5%.

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