Markets bounced back after a feeble opening to taste an uneven session for the consecutive day on Friday.
BSE benchmark had opened low by 1.5% taking hints from feeble Asian markets that reeled under investor concerns about declining financial challenges.
The 30-share BSE Sensex traded at 9,279.54 and 50-share NSE was 13.40 points more at 2,837.35 at 12:20pm.
Oil and gas, metal, PSU, FMCG and banking sectors saw a good day. Power, IT, consumer durables and auto were indices under selling pressure.
Jaiprakash associates’ stocks are heading the optimistic sentiment by 4.60%, along with ONGC by 3.26%. Shares of Reliance were making advances with Reliance Industries by 2.35%, Reliance Infrastructure by 2.24% and Reliance Communications by 2.22%.
Sun Pharmaceuticals was the biggest loser on the Sensex index by 6.75%, others were Bhel by 2.96%, Tata Motors by 2.36% and NTPC Ltd by 1.61%.
In the meantime, Asian markets continue pessimistic trading after miserable US financial data was presented yesterday. Japan’s Nikkei was low by 3.12%, whereas Hang Seng was optimistic at 0.8% profits.