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The market continued to consolidate above 8300 level in noon trade. Metals, select IT and oil stocks gained while banks and select auto stocks remained under pressure.
The Sensex gained 2.64 points at 27493.23 while the Nifty slipped 5.45 points to 8326.50. The BSE Midcap and Smallcap indices outperformed, up 0.4-0.5 percent.
Metals stocks extended rally with the BSE Metal Index rising more than 2 percent. Vedanta surged over 5 percent and Tata Steel gained more than 4 percent followed by Hindalco with 2 percent upside.
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Posted in: Indian Market Tips
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