At 12.55 PM, the Sensex was up 132.97 points or 0.70% at 19148.11, and the Nifty was up 34.80 points or 0.60% at 5796.15.
The market has seen a good amount of rebound in a short span. Experts say it is due to short covering and that investors are not emphatic about the Economic Survey . Nitin Jain of Edelweiss Securities say Union Budget may be a gamechanger. He advises to enter stocks that have fallen 30-35 percent.
There have been fresh talks that Jet Airways is trying to once agin woo Etihad after the deal between them remained inconclusive. The stock moved up 11 percent to touch an intraday high of Rs 498.70. It was trading with volumes of 1,117,869 shares
At 12.14 PM, the Sensex was up 88.28 points or 0.46% at 19103.42, and the Nifty moved up 19.50 points or 0.34% at 5780.85.
The sell-off in midcap shares intensified on Wednesday, with rumours swirling that the promoters of some of these companies could be teetering on the edge of bankruptcy.
Serious damages have begun to unfold in the broader markets, serving as a grim reminder to bloody Tuesday and threatening to spill over to largecaps. At 10.36 AM, the Sensex was down 2.61 points at 19012.53, and the Nifty fell 6.30 points to 5755.05.
At 09.17 AM, the Sensex was up 89.13 points at 19104.27, and the Nifty gained up 32.65 points at 5794.00. Top largecap gainers on the indices were Bhart, Sterlite, BHEL, Jindal Steel, HDFC, DLF, JP Associates and Sesa Goa.
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Dont see mkt going anywhere now; like Bharat Forge: Dipen