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Nifty trades tight. Bank Nifty down.

The Nifty was moving in a narrow range of 5260-5280 levels. Some of the Banking and telecom stocks have seen trades in the red, in the wake of the verdicts given in the 2G Spectrum scam.

Shares of Sun Pharma, Coal India, M&M, Bharti Airtel, HUL, IDFC, Power Grid Corp, BHEL and Grasim were top gainers among largecaps, rising 1.5-3%.

Infosys, TCS, HDFC, HDFC Bank and Hero Motocorp rose 0.4-0.7%.

Index heavyweights Reliance Industries, ICICI Bank and SBI dropped 0.8-1%.

Prestige Estate, Eros International, Alok Industries, Marico and Jubilant Foodworks rallied 6-10% while Fresenius Kabi, Ipca Labs, Strides Arcolab, Ashok Leyland and Chennai Petro lost 2-4%.



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