The Sensex after slipping to a low of 17,529 has recovered owing to buying in select banking stocks like ICICI Bank and FMCG. The Sensex is now at 17,648, up seven points. The NSE Nifty is at 5,275, up two points.
Among the Sensex-30 stocks, ICICI Bank, ITC and Tata Motors have added over 1% each at Rs 932, Rs 264 and Rs 780, respectively.
DLF and HDFC are down 2% each at Rs 332 and Rs 2,655, respectively. The other major losers are Jaiprakash Associates, Reliance Industries and Reliance Communications, down 1% each on the Sensex.
The market breadth is negative, out of 2,475 shares traded, 1,297 have declined and 896 have advanced so far on the BSE.
Both the midcap and the smallcap indices continue to move flat.
Among the sectoral indices, realty and oil & gas indices have slipped 1% each.
While the FMCG and the bankex indices are marginally up at 2,846 and 10,587, respectively.
ICICI Bank has zoomed 2% each at Rs 934. Union Bank and Axis Bank are up 1% each on the banking index.
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