The benchmark Sensex has touched an important psychological 19,000 mark today, for the first time since May 3, supported by firm global cues post lawmakers passed the crucial second austerity vote for Greece. There was a bit of volatility in the market.
ONGC shot up 5% to Rs 288 a share on likely royalty payment from Cairn.
CCEA has cleared Cairn-Vedanta deal with some conditions yesterday, wherein Cairn India will have to pay royalty to ONGC.
AK Hazarika, Chairman ONGC said benefit to ONGC would be minimum of Rs 18,000 crore. However, Carn India was down nearly 2%.
Vedanta group companies like Sterlite and Sesa Goa gained 1.5-2%.
DLF, HCL Tech, Reliance Power, Reliance Communications, Reliance Infrastructure, ACC, Ambuja Cements, Hindalco, GAIL and M&M were on buyers' radar.
However, Bharti Airtel tumbled another 2% after downgraded by Kotak.
Maruti Suzuki and HUL too were down.
At 9:19 hours IST, the 30-share BSE Sensex was trading at 18,927, up 81 points and the 50-share NSE Nifty rose 17 points to 5,664.
The CNX Midcap went up 48 points to 8,019. About 627 shares advanced as against 183 shares declined on National Stock Exchange.
Jubilant Foodworks plunged 5% on profit booking after trading at crazy valuations in last few days.
Timbor Home lost 8%, below issue price of Rs 63.
Videocon tumbled 6.54%. GTL fell 1% to below Rs 90.
However, Dish TV rose 2.5%. TVS Motor gained 2% on monthly numbers.
Mukand gained 9% after a block deal.
Orbit Corp, Hangung Toys, Redington, Exide, Hexaware and IVRCL were up 2.5%.
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