Sensex southbound; realty, tech, metals, banks dip

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At 11.11 hrs IST, the Nifty was trading close to the 4900 mark with negative bias. Heavy selling was seen in realty, IT, metal, banks and auto stocks. Buying was seen in consumer durables and FMCG stocks. The BSE Midcap and Smallcap index were marginally trading in the green. 

The Sensex was up 229.08 points or 1.42% at 16392.52, and the Nifty was down 37.45 points or 0.76% at 4894.40. About 1471 shares advanced, 1363 shares declined, and 306 shares were unchanged.

In the largecap space, GAIL was the top gainer with more than 4% gain. Ranbaxy Labs, BPCL, Maruti Suzuki and ICICI Bank were up 0.3-1.3%. On the losing side, HDFC, Hindalco, Tata Steel, Wipro and Unitech were down 1.8-2.5%.

Index heavyweight Reliance was trading at Rs 1,031.70 down 0.2% from its previous close of Rs 1,033.75. Tech major Infosys was trading at Rs 2,440.00 down 1.22% from its previous close of Rs 2,470.20. Cigarette major ITC was trading at Rs 252.60 up 0.02% from its previous close of Rs 252.55.

Top gainers on the BSE Midcap: Gujarat Gas, Asian Star, KGN Industries, Indraprastha Gas and Mcleod Russel were up 4-7%.

Top losers on the BSE Midcap: Prakash Industries, Simplex Infra, Polaris, DeccanChronicle and Aventis Pharma were down 2-4%.

Top gainers on the BSE Smallcap: Sundaram-Clayton, Lloyds Metals, CCL Products, PVP Ventures and Vindhya Telelin were up 6-13%.

Top losers on the BSE Smallcap: Sanwaria Agro, Falcon Tyres, Mah Polybutenes, Richa Ind and INOX Leisure were down 4-7%.