Nifty recovers amid choppy trade; SBI, BHEL, TCS lead
05 Apr 2011
The benchmark Nifty was extremely volatile in trade though it showed some recovery from day's low at 14:45 hours. TCS, SBI, BHEL, Tata Motors, Reliance Communications and Bharti Airtel were aiding that recovery ahead of closing.
However, the sell-off continued in ONGC, L&T, NTPC, Reliance Industries, Wipro, HDFC, ICICI Bank, HUL, Infosys, HDFC Bank, ITC and DLF.
Fall in crude oil prices too was quite supportive. Brent crude oil fell 0.5% to USD 120.5 a barrel and US crude declined 0.5% to USD 107.93 a barrel.
The 30-share BSE Sensex was trading at 19,670, down 31 points and the 50-share NSE Nifty fell 6 points to 5,902. The broader indices too recovered their gains - the BSE Midcap Index was up 0.8% and Smallcap up 1.25%.
Largecaps
Top gainers - BHEL, Cipla, Tata Motors and Hero Honda gained more than 1%.