The Sensex rose in afternoon trade led by gains in frontliners. Metal, auto and consumer durables stocks capped losses, while teck and IT stocks were in the red.

BSE Midcap surged 0.59%, while BSE Smallcap index was up by 0.68%.

According to India Infoline report, “The bulls are taking a breather after a great run since early March. Fatigue appears to have set in after the main indices hit multi-month highs. Given that the market has been subdued for most of the week, there is a case for a technical or rather sentimental rebound. Overall, the trend is indecisive and sideways.”

“The current insipid trend may continue until we get the next trigger(s) which could swing the market either way. Among the key catalysts will be the quarterly earnings and the half-yearly policy review by the RBI. The direction of fund flows will continue to have a bearing,” the report added.
 
Today, Sensex belled the day after gaining 27.53 points at 15,425.86.

At 01.05 p.m., the 30-share index Sensex gained 91.98 points at 15,490.31. It also hit a high of 15,513.29 and a low of 15,358.94.
In the meantime, Nifty advanced 28.90 points at 4,622.45 after touching a high of 4,627.35 and a low of 4,580.35.

The major losers in the Sensex were Mahindra & Mahindra (3.66%), Sterlite Industries (India) (2.32%), Hero Honda Motors (1.86%), Tata Steel (1.64%), Hindalco Industries (1.51%), and Larsen & Toubro (1.45%).

On the other hand, The major losers in the Sensex were Tata Motors (2.01%), DLF (1.71%), Tata Consultancy Services (0.55%), Infosys Technologies (0.32%), Jaiprakash Associates (0.30%), and Wipro (0.09%).