Markets consolidating at higher levels

The markets are consolidating at current levels. The Sensex is now up 190 points at 16,112, and the Nifty is up 58 points at 4,815.
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(Updated at 1110 hrs)

The markets have come off the day's high. The Sensex after touching a high of 16,179, is currently at 16,111 - up 189 points. The Nifty is up 59 points at 4,816.

The BSE Bankex has gained 1.6% at 9,434 and the Realty index has added 1.5% to 3,367.

ICICI Bank and Jaiprakash Associates have rallied 3% each to Rs 824 and Rs 132, respectively.

Hindalco and ACC have moved up nearly 2% each to Rs 139 and Rs 886, respectively.

Tata Steel, HDFC Bank, Mahindra & Mahindra, Grasim, DLF and Tata Motors are the other prominent gainers.

Bharti Airtel is the sole loser among the index stocks.

The market breadth is fairly positive - out of 2,528 stocks traded so far, 1,685 have advanced, 757 have declined and the rest are unchanged.