The markets seem to be consolidating the gains of the previous session. After firming up by nearly 100 points in early trades and retracing a wee bit from thereon, the Sensex seems to be pause aound the 18100 levels. The BSE benchmark is quoting at 18128, higher by 46 points and the Nifty is at 5444, up 12 points. Banking and realty stocks are having a good session for the second day on a trot, while oil stocks have apparently shrugged their recent sluggishness to be among the gainers.
In the banking space, ICICI Bank has zoomed another 2.2% at Rs 960 and SBI has gained 0.8% at Rs 2603. In the realty space, DLF has added 1.1% at Rs 307 and Indiabulls Real Estate has added 0.8% at Rs 168. And the oil space has seen BPCL adding 2% at Rs 654, HPCL adding 1.2% at Rs 440 and RIL strengthening bby 1.1% at Rs 1026.
ADAG Group stocks seems to facing the brunt of a Sebi notice in a matter relating to stock market transactions. RCom has weakened by 1.5% at Rs 175 to emerge as the top loser on the BSE. And reliance infra is closely following suit, shedding 1.1% at Rs 1103. ITC has also shed 0.8% at Rs 155 afte going ex-dividend.
The market breadth is positive. Out of 2849 stocks traded on the BSE, there are 1609 advancing stocks as against 1126 declines.
