Axis Bank, ICICI Bank are the major gainers; Sesa Sterlite remains weak ahead of results.The India VIX (Volatility) index is down 2.4 percent at 16.995.
The market have rebounded into the positive zone in early noon deals on the back of strong gains in private banking majors - Axis Bank and ICICI Bank.
The Sensex which touched a low of 27,177, has recouped most of its losses and is now down 33 points at 27,396.
The NSE Nifty too has recovered from a low of 8,219, and is now down mere seven points at 8,279.
The India VIX (Volatility) index is down 2.4 percent at 16.995.
The CNX Midcap index has advanced 0.7 percent to 12,669, and the Smallcap index has added 1.4 percent to 5,510.
The breadth too is fairly positive - out of 1,711 stocks traded on the NSE, 934 have advanced and 506 have declined so far in trades.
Axis Bank is the major gainer in the Nifty-50. The stock is up over 3 percent at Rs. 552 ahead of its results today.
Tech Mahindra, Gail India and HCL Technologies have rallied 2.3 percent each to Rs. 623, Rs. 366 and Rs. 890, respectively.
Wipro, UltraTech Cement, ICICI Bank and Sun Pharma have advanced around 2 percent each to Rs. 544, Rs. 2,743, Rs. 333 and Rs. 943, respectively.
Lupin, Tata Steel and Yes Bank are the other prominent gainers.
On the other hand, Sesa Sterlite has plunged 4 percent to Rs. 204. The company is also scheduled to announce its earnings today.
Idea has reversed its early morning gains, and is now down 3 percent at Rs. 186.
ITC and Cairn India have dropped 2 percent each at Rs. 331 and Rs. 209, respectively.
Tata Motors, HDFC, Hindalco, Asian Paints and Kotak Bank are the other notable losers.
The Sensex which touched a low of 27,177, has recouped most of its losses and is now down 33 points at 27,396.
The NSE Nifty too has recovered from a low of 8,219, and is now down mere seven points at 8,279.
The India VIX (Volatility) index is down 2.4 percent at 16.995.
The CNX Midcap index has advanced 0.7 percent to 12,669, and the Smallcap index has added 1.4 percent to 5,510.
The breadth too is fairly positive - out of 1,711 stocks traded on the NSE, 934 have advanced and 506 have declined so far in trades.
Axis Bank is the major gainer in the Nifty-50. The stock is up over 3 percent at Rs. 552 ahead of its results today.
Tech Mahindra, Gail India and HCL Technologies have rallied 2.3 percent each to Rs. 623, Rs. 366 and Rs. 890, respectively.
Wipro, UltraTech Cement, ICICI Bank and Sun Pharma have advanced around 2 percent each to Rs. 544, Rs. 2,743, Rs. 333 and Rs. 943, respectively.
Lupin, Tata Steel and Yes Bank are the other prominent gainers.
On the other hand, Sesa Sterlite has plunged 4 percent to Rs. 204. The company is also scheduled to announce its earnings today.
Idea has reversed its early morning gains, and is now down 3 percent at Rs. 186.
ITC and Cairn India have dropped 2 percent each at Rs. 331 and Rs. 209, respectively.
Tata Motors, HDFC, Hindalco, Asian Paints and Kotak Bank are the other notable losers.
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