Equity benchmarks continued to be rangebound in morning trade as investors digested fourth quarter earnings and awaited monsoon that is expected to be at normal level.
The 30-share BSE Sensex was up 55.28 points at 31,164.56 and the 50-share NSE Nifty rose 6.40 points to 9,611.30.
The market breadth remained in favour of declines as about 1404 shares were in red against 884 advancing shares on the BSE.
NTPC was the biggest gainer among Sensex stocks, up 4 percent whereas BHEL lost 10 percent post disappointing earnings.
Top Gainer's Today: Aurobindo Pharm, NTPC, Hindalco, Dr Reddys Labs, ICICI Bank
Top Loser's Today: BPCL, Power Grid Corp, Bharti Infratel, Zee Entertain, Coal India
Copper trading range for the day is 362-373.6. Copper settled flat as pressure seen due to expectations of weaker demand in top consumer China over the coming months.
SELL COPPER JUN 2017 @ 368.50 SL 371.00 TGT 365.50-363.50.MCX.
Crudeoil trading range for the day is 3170-3314. Crude oil gained on short covering recovering from last week’s losses with the market remaining cautious as increases in U.S. drilling activity.
BUY CRUDEOIL JUN 2017 @ 3240 SL 3190 TGT 3290-3340.MCX.
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