The markets recovered from the low levels and bounced back into the green on back of buying in technology, consumer durables, and healthcare stocks. The Sensex was up 12 points at 19,194 and Nifty was higher by a point at 5753.
Meanwhile, on the economic front the government announced the inflation data for the month of December which came in at 8.43% compared to 6.9% during the same period previous year. The fuel and power index inflation was recorded at 11.1%.
Tata Motors was the top loser among the Sensex stocks the stock shed more than 2.5% and was trading at Rs 1202. Tata Steel, Larsen & Toubro and HDFC were trading lower by 1-2% each, Bajaj Auto, Maruti Suzuki, Hindalco, DLF and ONGC were also trading in the red.
On the other hand Wipro gained more than 2% and was at Rs 464 followed by Reliance Communication, Hindustan Unilever, Cipla, Infosys and Mahindra & Mahindra.
On the sectoral front, BSE Metal index was the top loser, the index shed more than 1% or 174 points at 16,607, Auto index was down 0.8% at 9395. Capita Goods, Realty, PSU and BSE banking index- Bankex were also trading in the red. BSE IT index was the top sectoral gainer up 1.2% at 6522followed by Teck, Healthcare and Consumer Durable indices up more than 0.6% each. FMCG, Power and Oil & Gas indices were also inthe positive zone.
Among the metal stocks was the top loser the stock shed more than 5% and was trading at Rs 163. Sesa Goa, NMDC, Tata Steel, Jindal Saw and JSW Steel were also among the losers. On the IT charts HCL Technologies was the top gainer the stock added more than 2.7% at Rs 475. Wipro, Mphasis, Core Projects, Infosys, Financial Technologies and TCS were among the top gainers.
The broader markets were trading flat, the BSE mid-cap index was up 4 points or 0.06% at 7314 and the small-cap index was up 26 points or 0.29% at 9114.
The overall market breadth was marginally positive as 1,336 stocks advanced while 1,240 stocks declined.
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