Nifty above 6150; Sterlite Inds, Tata Steel, JP Asso shine

At 13.10 hrs IST, the Nifty was trading above 6150 mark with positive bias. It was a strong session for the markets led by heavy buying in metal, realty, telecom and banking stocks. All BSE sectoral indices were trading in green. The action was mainly seen in the broader markets. BSE Midcap and Smallcap indices were up 1.2% and 1.7% respectively.

The Sensex was up 121.04 points or 0.59% at 20630.13, and the Nifty was up 33.25 points or 0.54% at 6167.75. About 2121 shares advanced, 738 shares declined, and 614 shares remain unchanged.

In the largecap space, Sterlite Industries, Tata Steel, Jaiprakash Associates, Sesa Goa and Reliance Communications were up 2.4-2.9%. On the losing side, Bajaj Auto, HCL Tech, NTPC, Wipro and ACC were down 0.5-2.5%.

Index heavyweight Reliance was trading at Rs 1,058.80 up 0.05% from its previous close of Rs 1,058.25. Refinery major HPCL was trading at Rs 398.00 up 1.7% from its previous close of Rs 391.35. Tech major Infosys was trading at Rs 3,439.00 down 0.17% from its previous close of Rs 3,445.00.

Hindustan Lever was trading at Rs 311.40 down 0.29% from its previous close of Rs 312.30. Cigarette major ITC was trading at Rs 174.75 up 0.14% from its previous close of Rs 174.50.

Top gainers on the BSE Midcap: JSW Holdings, Nagarjuna Construction, Prakash Industries, MTNL and Guj NRE Coke were up 5-8%.

Top losers on the BSE Midcap: AstraZeneca, KGN Industries, Money Matters, Gammon Infra and Blue Dart were down 2-3%.

Top gainers on the BSE Smallcap: Timken, Tata Metaliks, Ganesh Housing, SE Investments and Ajmera Realty were up 11-20%.

Top losers on the BSE Smallcap: Spectacle Info, SVC Resources, Midfield Industries, Urja Global and Subhkam Capital were down 4.9-5%.