share to win | Sensex was trading in a narrow range

The benchmark Sensex was trading in a narrow range of 16970-17050, while the Nifty was hovering around the 5100 level. Telecom, technology, capital goods, power, metal and realty companies' shares were under pressure. HDFC Bank and Reliance Industries were also in the red.

However, FMCG, healthcare, select financial and auto companies' shares were witnessing buying interest and capped the losses to some extent. Public sector undertakings like ONGC, GAIL, BPCL and Chennai Petroleum were up 0.4-0.6% ahead of meeting on deregulation of oil prices. HPCL, IOC and Oil India gained 1.5-2.2%.

The Sensex was trading at 16980, down 42 points and the Nifty was at 5093, down 13 points. The Nifty June future was trading at 16 points discount.

HUL rose 1.5% as the company will consider buyback in a board meeting on June 11.

Tata Steel, Colgate, Sesa Goa, Havells India, SBI, ICICI Bank and Reliance Communications were the most active shares on bourses.

In the midcap space, Gujarat Flourochem, Syndicate Bank, TV18, IOB and IBN18 Broadcast gained 3-5.5% while Educomp Solutions, Indiabulls Real, Deccan Chronicle, Sintex India and Apollo Tyres lost 2-3.5%.

In the smallcap space, GeeCee Ventures, Phillips Carbon, Dhampur Sugar, Sonata and Transformers went up 6.6-13.4% while Electrotherm, Kanani Industries, Panoramic Universal, Maharashtra Ele and EIH Associated Hotel declined 4.6-6%.

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