Sensex regains amid choppy trade; infra up

The benchmark Nifty was extremely volatile in trade at 14:57 hours after a sharp spike seen on Tuesday - supported by Budget 2011. Capital goods, auto, HDFC group and cement companies' shares were quite supportive to the markets. However, the sell-off in oil & gas, metal and select financials has limited those gains. NTPC, Infosys, Bharti Airtel and Sun Pharma too were gained.

It seems that Indian markets already priced in Libya concerns. Earlier there were reports that Libyan fighter jets fired on the oil terminal city of Masra El Brega. This situation was likely to get solved post the news that Libyan leader Muammar Gaddafi accepted peace plan to end crisis in North African country. But again there were reports from agencies that fresh air strike has hit Brega oil terminal in East Libya, reports CNBC-TV18.

Fairly sceptical of the peace plan, Jason Feer vice-president and Singapore bureau chief at Argus Media said, "We are yet to hear the government