After a strong start, Indian equities slipped slightly from their day’s peak with the BSE Sensex declining below the 15000 level.

The 30-share-index Sensex hit 15K mark after a gap of nine months on the back of increased capital inflow by funds after an encouraging infrastructure data for April fuelled expectations of a financial recovery.

At 12:54 p.m., Bombay Stock Exchange’s Sensex was at 14,959.72, up 84.81 points while National Stock Exchange’s Nifty was trading at 4,550.60, higher by 25.35 points.

The IT and bankex stocks were witnessing some offloading. However, among the major gainers included FMCG, realty, metal, auto and consumer durable stocks.

Even the Mid-Cap and the Small-Cap stock were in limelight.

The Mid-cap has added 1.87% and the Small-cap has soared 2.55%.

Among sectoral indices, BSE FMCG gained 3.08%, Consumer durables, Realty and Metal surged more than 2% each.

The market breadth continues to be extremely positive - out of 2,745 stocks traded, 2,103 have advanced while 592 have declined.

The top gainers in the 30-share index included Tata Motors (6.52%), Sterlite Industries (India) (5.13%), JP Asso (4.93%), ACC (4.41%), RCom (4.34%) and ITC (4.14%).

On the other hand, the major losers in the Sensex comprised Mah & Mah (3.23%), SBI (1.96%), Infosys Tech (1.83%), ONGC (0.43%), HDFC (0.34%), and RIL (0.27%).

Japanese benchmark index Nikkei surged 37.36 points to trade at 9,741.67.

Hong Kong’s Hang Seng index increased 506.72 points to trade at 18,891.02 while China’s Shanghai Composite surged 54.29 points to trade at 2,778.59 (1.04 p.m., IST).