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Domestic market pared some of early gains with the Sensex falling below 26,000 level, while the broader Nify50 also slipping below its crucial 8,000 mark.
Supported by positive global markets, the Sensex rallied over 200 points in morning trade led by gains in ICICI Bank, Infosys, Tata Motors, ONGC, and Maruti Suzuki. Nifty reclaimed its crucial level of 7,950 and was trading near its crucial resistance level of 8,000 supported by gains in realty, power, oil & gas, metal, auto, and banking stocks.
The S&P BSE Sensex is trading at 25,827 up 62 points, while NSE Nifty is trading at 7,952 up 23 points. Out of 1,854 stocks traded on the NSE, 307 declined, 1152 advanced and 395 remained unchanged in the opening hour.
The BSE Mid-cap Index is trading up 0.20% at 11,757, whereas BSE Small-cap Index is trading down 0.04% at 11,489. Hindalco, Tata Motors, Maruti, Adani Ports, and Bank of Baroda are among the gainers, whereas NTPC, Bharti Airtel, Bosch, Dr Reddy and Sun Pharma are losing sheen on Nifty 50.
Some buying activity is seen in Auto, Metal, Bank, Consumer Durables and Information Technology sectors, while Telecom, Power and Realty showing weakness on BSE.
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