Sensex volatile; Bharti, ICICI Bank, ITC, L&T, BHEL gain

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At 10:57 hours IST, the Sensex turned into the green and was witnessing volatility. Heavyweights Bharti Airtel, ITC and ICICI Bank were supportive, gained 1.7-2.3%. Auto stocks were seeing buying interest post good sales numbers for the month of October. Buying in capital goods, select banking, pharma and steel stocks also capped the losses.

However, selling continued in realty, technology and power companies' shares. Reliance Industries, HUL, Reliance Communication, Hindalco, SBI and Hero Honda were the other losers.

The Sensex was up 19 points at 15,915 and the Nifty gained just 2 points to 4,713. However, the broader indices were down. The BSE Midcap Index fell 0.4% and the Smallcap Index lost 1%. About 1,122 shares advanced while 1,773 shares declined on the BSE. Nearly 868 shares were unchanged.

L&T gained over 1.5%, as it bagged order worth Rs 6,897 crore for 2,000 MW power plant.

Unity Infra and IVRCL joint venture received order worth Rs 1,150 crore. Unity Infraprojects rose 2.7% and IVRCL Infrastructure was up just 0.3%.

In a block deal, 1.10 crore shares of Sanghi Industries changed hands on BSE at Rs 33 per share.

Videocon's board approved raising up to Rs 1,200 crore via rights issue. The stock fell 3%.

In the midcap space, Bajaj Hindusthan shot up 8%. Jain Irrigation, Ashok Leyland, Nirma and BEML were up 3-3.8% while Balrampur Chini lost 7%. Indiabulls Financial, Syndicate Bank, Dishman Pharma and Gujarat Flourochem slipped 5-6.6%.

In the smallcap space Disa India, Mukand and Hawkins Cooker jumped 12-14.5%. Sanghi Industries rose 8.6%. However, Genus Power, Godawari Power, Sanwaria Agro, Gwalior Chemical and Shanthi Gears declined 9-13%.

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