The banking stocks as a sector too are off the day's high on account of unwinding ahead of the crucial FOMC meet today and tomorrow.
The market has pared most of its gains in mid-noon deals on the account of significant weakness in Infosys and Bharti Airtel. The Sensex is now up 90 points, on steady support from HDFC, Tata Motors and Reliance Industries.
The banking stocks as a sector too are off the day's high on account of unwinding ahead of the crucial FOMC meet today and tomorrow.
The Sensex, which, touched a high of 28,783, is now up only 90 points at 28,526. The Nifty is up 24 points at 8,657.
The broader indices - the CNX Midcap and Smallcap indices have also pared most of the gains and are now up 0.4 per cent each at 13,158 and 5,664, respectively.
The breadth too has now more or less turned neutral, with 751 advancing shares versus 727 declining stocks on the NSE.
Infosys and Bharti Airtel are the major draggers on the Sensex-30 stocks, accounting for a loss of 53 points on the BSE index. The former has shed 1.8 per cent at Rs. 2,227, while the latter has declined 1.5 per cent to Rs. 383.
On the other hand, HDFC, Tata Motors and Reliance Industries continue to provide ample support to the BSE index. These three stocks collectively have contributed 72 points to the BSE benchmark index.
HDFC and Tata Motors have advanced around 1.5 per cent each to Rs. 1,327 and Rs. 568, respectively, while Reliance Industries has added a per cent to Rs. 850.
Among the other Nifty-50 shares, Hindalco remains the top gainer, up 3.3 per cent at Rs. 132.
Dr.Reddy's has rallied 2.8 per cent to Rs. 3,404, and beaten down Cairn India has bounced back by 2 per cent to Rs. 222.
Cipla, Sesa Sterlite, Tata Steel, Tech Mahindra and BPCL are the other prominent gainers.
Jindal Steel with a loss of 5 per cent at Rs. 181 on account of reports of government re-looking into the company's bids for two coal blocks, is the biggest loser on the Nifty.
Bank of Baroda, Tata Power, Punjab National Bank, Mahindra & Mahindra and Zee Entertainment are the other significant losers.
The market has pared most of its gains in mid-noon deals on the account of significant weakness in Infosys and Bharti Airtel. The Sensex is now up 90 points, on steady support from HDFC, Tata Motors and Reliance Industries.The banking stocks as a sector too are off the day's high on account of unwinding ahead of the crucial FOMC meet today and tomorrow.
The Sensex, which, touched a high of 28,783, is now up only 90 points at 28,526. The Nifty is up 24 points at 8,657.
The broader indices - the CNX Midcap and Smallcap indices have also pared most of the gains and are now up 0.4 per cent each at 13,158 and 5,664, respectively.
The breadth too has now more or less turned neutral, with 751 advancing shares versus 727 declining stocks on the NSE.
Infosys and Bharti Airtel are the major draggers on the Sensex-30 stocks, accounting for a loss of 53 points on the BSE index. The former has shed 1.8 per cent at Rs. 2,227, while the latter has declined 1.5 per cent to Rs. 383.
On the other hand, HDFC, Tata Motors and Reliance Industries continue to provide ample support to the BSE index. These three stocks collectively have contributed 72 points to the BSE benchmark index.
HDFC and Tata Motors have advanced around 1.5 per cent each to Rs. 1,327 and Rs. 568, respectively, while Reliance Industries has added a per cent to Rs. 850.
Among the other Nifty-50 shares, Hindalco remains the top gainer, up 3.3 per cent at Rs. 132.
Dr.Reddy's has rallied 2.8 per cent to Rs. 3,404, and beaten down Cairn India has bounced back by 2 per cent to Rs. 222.
Cipla, Sesa Sterlite, Tata Steel, Tech Mahindra and BPCL are the other prominent gainers.
Jindal Steel with a loss of 5 per cent at Rs. 181 on account of reports of government re-looking into the company's bids for two coal blocks, is the biggest loser on the Nifty.
Bank of Baroda, Tata Power, Punjab National Bank, Mahindra & Mahindra and Zee Entertainment are the other significant losers.
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