The markets ended on a positive note, the Sensex was up 142 points (provisional) at 16,150, and the Nifty was up 38 points at 4,843.
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(Updated at 1429 hrs)
The markets have slipped into the negative terrian in the last few minutes of trades. The Sensex is now down 30 points at 15,988. The Nifty is down 10 points at 4,995.
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(Updated at 1415 hrs)
Markets are trading on a higher note despite weak beginning of the European markets. The Sensex is inching towards 16200-level and the Nifty has crossed 4850.
By 1415 hrs, the Sensex remained at 16,075 ascending by 66 points, and the broader Nifty index remained at 4,821 moving up by 15 points.
The Gross Domestic Product (GDP) came in at 6.9% in the second quarter of FY12 as against 7.7% in previous quarter, in line with market expectations. Markets gathered pace post the announcement of the GDP numbers.
European markets have commenced weak with CAC, DAX and FTSE sliding down around 1% each. Meanwhile, Asian markets extended losses. Shanghai was down 3% and Hang Seng down 1.8%. Nikkei, Kospi and Taiwan fell 0.4-1.2%.
The top leaders on the Sensex include HDFC Bank, TCS, Sun Pharma, Bajaj Auto, ONGC, ITC and Maruti Suzuki whereas few laggards are Sterlite, Tata Motors, ICICI Bank, JP Associates, Mahindra & Mahindra and Larsen & Toubro.
On the sectoral front, counters like FMCG, Oil & Gas, Technology, Telecom and Banks are leading the up move, all mounting by nearly 1% each. However, BSE Consumer Durable and Capital Goods indices are witnessing selling pressure, both sinking down between 1-2%.
Meanwhile, Midcaps and Smallcaps maintain the weak activity with BSE Midcap index has slipping 0.52% whereas BSE Smallcap index has declining by 0.49%.
The market breadth on the BSE remains marginally weak, with 1,083 shares advancing and 1,465 shares declining.
