 "Markets erase early gains, Bharti Airtel top loser")
Markets have lost ground and have turned flat with Sensex and Nifty oscillating between negative and positive zone.
By 1300, Sensex gained by 31 points at 18,446, and the Nifty is flat at 5,559 levels.
On the global front, Japan's Nikkei share average rose to its highest level since July 2008 on Thursday, and while the market pared some of the gains by the midday break, the underlying mood remained buoyant after the central bank's unprecedented stimulus measures announced last week.
On the sectoral front, BSE IT, Realty and Bankex indices have surged by 1% each. However, BSE Oil & Gas, Power, Metal and PSU indices have plunged by 1% each.
The main gainers on the Sensex at this hour include Tata Motors, ICICI Bank, Infosys, Cipla, HDFC Bank, Sun Pharma, L&T, Wipro, Sterlite and ITC.
On the losing side, Bharti Airtel, RIL, HDFC, M&M, NTPC, Hindalco, Bajaj Auto and Tata Steel have declined between 1-3%.
Bharti Airtel cannot add new 3G customers in seven zones where it does not own the airwaves and offers the services through pacts with other carriers, the Supreme Court said on Thursday, pending a final ruling in the dispute.
Among other shares, Jindal Stainless has surged almost 8% to Rs 55.30 after the company said it has signed a Memorandum of Understanding (MoU) with a South Koeran steel major Posco to mutually cooperate with each other for long-term joint business opportunities.
Kingfisher Airlines' scrip today surged nearly 5% after the company sought regulatory approvals to relaunch its operations and submitted plans to the DGCA on infusion of funds and revival of its flights.
Shares of Jet Airways fell by nearly 6% today amid concerns that its stake-sale deal with Abu Dhabi-based carrier Etihad may be delayed.
Ess Dee Aluminum has rallied 14% to Rs 463, extending its over 8% surge in past two trading sessions, on back of heavy volumes.
The market breadth in BSE remains marginally positive with 1,029 shares advancing and 991 shares declining.
By 1300, Sensex gained by 31 points at 18,446, and the Nifty is flat at 5,559 levels.
On the global front, Japan's Nikkei share average rose to its highest level since July 2008 on Thursday, and while the market pared some of the gains by the midday break, the underlying mood remained buoyant after the central bank's unprecedented stimulus measures announced last week.
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Back home, according to Ravi Nathani, Technical analyst at NSEToday, “Markets are oversold and we need a technical bounce back like today before we head downwards. This bounce back will be very sharp wherein we see a gap-up opening but I don't think this is sustainable.”
On the sectoral front, BSE IT, Realty and Bankex indices have surged by 1% each. However, BSE Oil & Gas, Power, Metal and PSU indices have plunged by 1% each.
The main gainers on the Sensex at this hour include Tata Motors, ICICI Bank, Infosys, Cipla, HDFC Bank, Sun Pharma, L&T, Wipro, Sterlite and ITC.
On the losing side, Bharti Airtel, RIL, HDFC, M&M, NTPC, Hindalco, Bajaj Auto and Tata Steel have declined between 1-3%.
Bharti Airtel cannot add new 3G customers in seven zones where it does not own the airwaves and offers the services through pacts with other carriers, the Supreme Court said on Thursday, pending a final ruling in the dispute.
Among other shares, Jindal Stainless has surged almost 8% to Rs 55.30 after the company said it has signed a Memorandum of Understanding (MoU) with a South Koeran steel major Posco to mutually cooperate with each other for long-term joint business opportunities.
Kingfisher Airlines' scrip today surged nearly 5% after the company sought regulatory approvals to relaunch its operations and submitted plans to the DGCA on infusion of funds and revival of its flights.
Shares of Jet Airways fell by nearly 6% today amid concerns that its stake-sale deal with Abu Dhabi-based carrier Etihad may be delayed.
Ess Dee Aluminum has rallied 14% to Rs 463, extending its over 8% surge in past two trading sessions, on back of heavy volumes.
The market breadth in BSE remains marginally positive with 1,029 shares advancing and 991 shares declining.