The Sensex began in a plane 20,534 and the Nifty also remained stable in 6093 this morning in the back of weak signals and Asian Indian rupee negative start .Soon, the Sensex touched a low of 20,497 .
However, the BSE benchmark erases all early losses and rebounded into the positive zone .Thereafter , the Sensex extended gains due to new purchases of IT and Bankex stocks . The benchmark index of BSE touched a high of 20,645 in mid-morning operations .
In addition, a gain Sensex fell into negative territory for a wee bit due to the sale in the selected indices heavyweights and soon jumped into positive territory .
The BSE Sensex is now trading in the positive zone up 48 points to 20,576 .
The NSE Nifty is up eight points in 6104 .Among the broader markets , the BSE Midcap index has advanced 0.7 percent in 5913 and the BSE Smallcap index added 0.6 percent in 5754 .Among the sectors, the IT index has increased 1.8 percent in 8663 . Teck index has risen 1.4 percent in 4859 . The index Bankex , Oil & Gas and Auto are the other winners.
On the losing side , the index of consumer goods fell by 0.5 percent in 6781 . The Consumer durables and power indices are down 0.2 percent each in 5862 and 1557 , respectively .
INDEX MOVERS & SHAKERS
TCS and Wipro have fired more than 3 percent each of Rs 2189 and Rs 503, respectively.
Sesa Sterlite has increased by 1.5 percent to Rs 186. Laboratory Dr.Reddy ‘ s is up 1.4 percent at Rs 2432 . Coal India has risen more than 285 percent to Rs . Infosys has sprung up almost one per cent to Rs 3303 .
On the side of the losers , Tata Steel and Hindalco have slumped almost 1.6 percent each to Rs 302 and Rs 112, respectively .
Gail India and BHEL collapsed almost 1.5 percent each to Rs 331 and Rs 144, respectively. Jindal Steel fell 1.3 percent to Rs 251. HDFC has dropped more than one percent to Rs 801.