Sensex still trading in positive bias in the afternoon

The 30-share BSE Sensex erased some gains but was still trading higher at 01:17PM IST. Shares of oil & gas, technology, metal, FMCG, select financial and power companies were helping the markets to stay on the higher side. European markets opened the day with gap up, which was also quite supportive; CAC and DAX rose 0.8% each, and FTSE went up 0.4%.

The Sensex was trading at 17182, up 117 points and the Nifty was at 5148, up 29 points. However, the Nifty June future was trading with 4 points discount.
However, auto and realty companies' shares along with Bharti Airtel (down 2.7% on profit booking), NTPC, BHEL, SBI, Idea and Suzlon Energy were witnessing selling pressure, due to which markets came off their day's high.

Top gainers - Infosys was trading at Rs 2,703.85, up 2.78%; Wipro was at Rs 665, up 2.72%; BPCL was at Rs 555.05, up 2.60%; HCL Tech was at Rs 378.50, up 2.41%; Reliance Infrastructure was at Rs 1,133.10, up 1.85%; Hindalco was at Rs 141.70, up 1.58% and Tata Steel was at Rs 480, up 1.56%.

SpiceJet, Tata Steel, Reliance Industries, SBI, Infosys, ICICI Bank and Tata Motors were the most active shares on exchanges.

Source: http://www.moneycontrol.com/news/local-markets/sensex-northbound-bharti-ntpc-dlf-bhel-dip_463937.html

Regards,
Share to win
http://sharetowin.blogspot.com