Nifty has continued to swing in a very narrow range, moving back and forth between the red and green zones. Many individual stocks have given up, while the Midcap stocks have continued to shine in today’s trade.
At 1:51 PM, the Nifty is at 5053, up by 5 pts or 0.1%.
Telecom stocks have surged. Bharti has gone up by 2.8%, while Idea is beaming with a solid gain of 4.8%. RCOM is also moving up with 1.4% gains.
ICICI Bank has held the Nifty high. The stock is up by 2.3%. PNB is up by 1.7% while SBI has gained 0.7%.
Sterlite industries, from the metal pack, is significantly hit. The stock is down by over 4%. Hindalco is also trading low with 2.9% cuts.
The CNX Midcap index is holding up with 0.8% gains.
Suzlon energy has shown a 7% gain. Mahindra satyam is up by 2.3%. IVRCL Infra has shot up by 7%.