Nifty holding the 4850 level

The 50-share NSE Nifty was holding the 4850 level and the Sensex was still in triple digit gain on buying in heavyweights. Technology, metal, capital goods, financial, realty and oil & gas companies' shares were supporting the markets.

Asian markets remained on the buyers' radar. Hang Seng, Straits Times, Kospi and Taiwan were up 1-1.5%. Jakarta rose 3.9%. Nikkei went up 0.66% and Shanghai was flat.

However, Idea Cellular, HUL, ACC, Reliance Power, Reliance Infrastructure, Jindal Steel, Sun Pharma and Reliance Capital were the losers on the Nifty.

The markets were also seeing some volatility at higher levels ahead of May expiry tomorrow. The Sensex was trading at 16239, up 216 points and the Nifty was at 4870, up 63 points.

In the midcap space, Shree Global, JM Financial, Nagarjuna Construction, Pipavav and Dewan Housing were up 3.5-6% while Rajesh Exports, Godrej Consumer, IOB, Patel Engg and OnMobile Global fell 3-6.5%.

In the smallcap space, Ajmera Realty, Marathon Nextgen, Hanung Toys, Cambridge Solutions and Heritage Foods gained 7.5-12.6% while Kanani Industries, Subhkam Capital, Goodyear, Jindal Worldwide and Sical Logistics lost 4.5-5%.

Sesa Goa, Tata Steel, Aban Offshore, Piramal Health, ICICI Bank, Tata Motors, Reliance Industries and SBI were the most active shares on bourses.

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