The markets have moved into the green zone with the Sensex gaining 76 points at 19,579 and the Nifty added 20 points at 5,878.In the broader markets, the smallcap and the midcap indices are trading up 1% each.
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Updated at 1335hrs
Downward pressure persisted on the bourses with a hint of nervousness percolating investor sentiment. The BSE benchmark Sensex was down 135 points at 19,374, while the Nifty shed 44 points at 5,813.
Leading stocks on the Nifty were Cipla st Rs 367 up 3%, followed by Siemens at Rs 781 up 2%, and NTPC up 1% at Rs 195. Laggards on the chart were Ambuja Cement down nearly 4% at Rs 137, ACC down 3% at Rs 1,045, and Ranbaxy at Rs 540 down 2%.
The BSE sectoral indices were divided in trade; seven indices were in the green, while six were trading negatively.
Power stocks were the trading leaders, with the index up nearly 1% at 2,899. Top scrips were Siemens at Rs 779 and PTC India at Rs 113, both up 2%, followed by ABB at Rs 769 up 1%
The PSU index was up 52 points at 9,275, followed by the Capital Goods index up 72 points at 15,126.
IT stocks were the laggards in trade, with the index down 1%. Banking stocks also fell, and the index was down nearly 1% at 12,906. Wipro down 2% at Rs 441, followed by Patni Computer Systems at Rs 448 and Infosys Technologies at Rs 3,110, both down 1%, were the top losers on the IT index.
Commenting on the IT space, Harish HV, Partner, India Leadership Team, Grant Thornton, said, "The most active sector in the past used to be the tech sector but for a few reasons including the global slowdown and degree of uncertainty in the environment has dropped down in the charts."
