The Nifty is tightly moving in a narrow range of 4845-4865. Metal stocks along with some of the infrastructure counters have been seeing good gains in the trade.
At 12:40 PM, the Nifty was up by 25 pts or 0.52% at 4,874.55
ICICI Bank, Reliance and SBI were helping the market while Infosys, TCS, Bharti, L&T and ONGC were under pressure. Hindalco, Sterlite Industries, BPCL, IDFC and DLF were biggest gainers among largecaps, shooting up 2-4%. ICICI Bank, Tata Steel, Hero Motocorp and Bajaj Auto gained 1-1.5%. Reliance Industries and HDFC rose 0.7% each.