Sensex off day's high; realty index up 2%

The Sensex has come off from its day's high owing to weakness in the banking and FMCG stocks. The Sensex is now at 17,893, up 71 points. The NSE Nifty is 23 points higher at 5,345.

Among the sensex-30 stocks, Tata Motors and DLF have advanced 2% each to Rs 791 and Rs 342, respectively.

Jaiprakash Associates, Hindalco Industries, Wipro and Reliance Infrastructure have gained 1-2% each on the BSE.

The other stocks which have shown prominent movement till now are TCS, Tata Steel, Sterlite, HDFC and Infosys are up 1% each.

On the losing side ICICI Bank, SBI and ITC are down 0.5% each.

The market breadth is positive, out of 2,599 shares traded, 1,782 have advanced and 720 have declined so far on the BSE.

The midcap and the smallcap indices have outperformed the benchmark index, up 1% each.

Religare Technova is the major gainer on the smallcap index, up 10%.While Zee News has plummeted 77% post demerger of its regional general entertainment channel. The share-swap ratio with Zee entertainment was in the ratio of 19:4.

Blue Dart has zoomed 20% to Rs 907 on the midcap index. While Bajaj Finserv and Max India are down 4% and 3%, respectively.

Among the sectoral indices realty index has gained 2% at 3,592 while the bankex is down.Banking stocks are subdued while the rate sensitive stocks are going up.