Sensex choppy with positive bias; Wipro dips

The benchmark Sensex was trading with moderate gains amid volatility at 12:07 hours, supported by FMCG, realty, telecom, oil & gas and select metal companies' shares. Infosys, HDFC Bank, SBI, NTPC, Hero Honda and BHEL too were helping the markets to stay in positive terrain.
There was a bit of short covering in markets today after a steep fall on Friday. Ajay Srivastava, CEO of Dimensions Consulting feels there is still no feeling of capitulation. In fact, he says people are still willing to buy at current levels. “There is still an element of underlying confidence that it is going to turnaround,” he adds.

However, the selling in heavyweights like TCS, Wipro, L&T and ICICI Bank limited the gains. Healthcare companies' shares too were under pressure along with Hindalco and Tata Motors.
The 30-share BSE Sensex gained 74 points at 18,082 and the 50-share NSE Nifty rose just 12 points to 5,408. However, the broader indices were trading with moderate loss.
Among frontliners, Hero Honda, ITC, HDFC Bank, Jaiprakash Associates, Bharti Airtel and Suzlon Energy gained 1.5-3%.
However, Cipla, Wipro, Tata Motors, Hindalco, L&T, Ranbaxy Labs, GAIL and HCL Tech fell 1.5-3%.
Sun TV Network, SBI, Tata Motors, BF Utilities, Tata Steel and ICICI Bank were the most active shares on exchanges.
In midcap space, Kirloskar Brothers, Shriram City, Godfrey Phillip, Polaris and Eicher Motors were up 3-5% while Escorts, Jagran Prakashan, Sunteck Realty, Prestige Estate and IVRCL Infrastructure fell 5-7%.
In smallcap space, Rollatainers, PTL Enterprises, Zodiac Clothing, Garware Offshore and PI Industries went up 6-9%. However, Allied Digital plunged 20%. Brigade Enterprises, Tata Coffee, Vindhya Telelink and Force Motors were down 5-9%.