The BSE Sensex and NSE Nifty rebounded with marginal gains on Tuesday, even after a fall in Asian markets. Banks, oil & gas and technology stocks were quite supportive.
The BSE benchmark rose 57.25 points to 17,449.23 and the NSE benchmark was up 14.4 points to 5,289.55.
Among frontline shares, Infosys, HDFC Bank, HDFC, ICICI Bank, Reliance Industries, Tata Motors, SBI, ONGC, L&T, Coal India, TCS and Bharti Airtel were leading the markets in early trade.
However, ITC, Tata Power, Maruti, NTPC, Sun Pharma and BHEL were under pressure.
The CNX Midcap went up 12 points to 7,414. About two shares advanced for every share declining on the National Stock Exchange.
In the second line shares, OnMobile Global went down 2% after its CEO Arvind Rao has resigned. Mouli Raman another co-founder has been named as an interim MD. Company has initiated search for a new CEO.
Essar Oil fell 2.5%. Company has agreed to pay principal amount of Rs 6,169 crore post SC order.
Mercator was down 2% on pledge of large chunk of shares.
SKS Microfinance and Manappuram Finance rose 3% each. IndusInd Bank went up 1% ahead of first quarter numbers today.
Globus Spirits surged 7%. Orchid Chemical rebounded, rising 0.8%.
Varun Shipping shot up 10% after Mint reported that company recasted nearly Rs 2,000 crore of debt by transferring some of its ships to overseas subsidiaries.
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