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Consolidating markets. Bharti, RCOM up.

Markets are in a consolidating phase, with the Nifty trading in the green above the 5630 mark. Telecom, Infrastructure and real estate stocks have gained in the trade today.

At 10:08 AM, the Nifty is at 5642, up by 9 pts or +0.16%.

Telecom stocks are on the upswing. RCOM has moved up by 5%, while Bharti is up by 2.4%.

Infrastructure and Capital goods stocks are also on the rise. Reliance Infra is up by 0.6%. Punj lloyd is up by over 1%. BHEL is up by 0.5%

RIL is holding up with 1.5% gains.

DLF, from the realty space is up by 0.7%.

Sterlite is up by 1.5%. Tata steel is up by 0.7%. SAIL has moved up by 0.5%.

Sesagoa is however trading in the red with 1% cuts. HDFC is also in the red with 0.9% cuts. Powergrid, Jindal steel and Hindalco are the other stocks in the red. IT stocks are also trading in the red.



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