Nifty trades higher and hovering around 5300 mark

The 50-share NSE Nifty was trading higher and was hovering around the 5300 mark. The sell-off in ITC, GAIL, HDFC Bank, Maruti, Hero Honda, Jindal Steel, ABB, HDFC, Suzlon, ACC, Ambuja Cements and Cipla capped the gains to large extent. The Sensex was trading at 17661, up 87 points and the Nifty was at 5295, up 27 points. The BSE Midcap Index was up 0.5% and the Smallcap was up 1%.

Reliance Communications was trading at Rs 198.35, up 3.15%; ONGC was at Rs 1,301.70, up 3.03%; Idea Cellular was at Rs 58, up 2.56%; BPCL was at Rs 636.35, up 2.52%; Kotak Mahindra was at Rs 763.15, up 1.66%; Reliance Infrastructure was at Rs 1,186, up 1.54%; Reliance Industries was at Rs 1,078, up 1.39% and Tata Motors was at Rs 779, up 1.24%.

In the midcap space, GTL Infra, Sun Pharma Advanced, Gee Kay Finance, Fresenius Kabi and Peninsula Land were up 4-5% while Godrej Industries, Edelweiss Capital, Federal Bank, Apollo Tyres and United Bank fell 2% each.

In the smallcap space, Voltamp Transformers, Indo Tech Transformers, Taj GVK Hotels, Welspun India and GRUH Finance gained 7.5-13% while Panoramic Universal, Disa India, Religare Tech, Oriental Hotels and Atco Corp slipped 3-5%.

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