After opening the day on a negative note after a fall of 0.40% on the previous working day, the 30-share index, BSE Sensex recovered from day’s low and entered the positive terrain on the back of buying interest witnessed in select front line stocks.

Meanwhile, it also hit a high of 11,029.55.

Moreover, Reserve Bank of India (RBI) has slashed repo rate and reverse repo rate by 25 basis points each.

The stocks from FMCG, oil & gas and realty sector went up, while auto, banking, capital goods and metal stocks remained marginally down. 

BSE Midcap and Smallcap index fell 0.58% and 0.37% respectively.

At 12:54 p.m., Sensex was trading up 26.27 points at 11,005.77.

In the meantime, the broad based Nifty gained 17.45 points at 3,394.55, after touching a high of 3,400.95 and a low of 3,309.35.

The overall market breadth was negative with 1,026 advancements as against 1,256 declinations.

The top gainers in the 30-share index included Bharti Airtel (5.26%), ITC (2.93%), Hindalco Industries (2.61%), Sun Pharmaceutical Industries (2.06%), Tata Power Company (1.94%), and NTPC (1.85%).

On the other hand, Tata Motors (4.71%), Tata Steel (3.92%), Sterlite Industries (India) (3.73%), ICICI Bank (2.97%), Reliance Capital (2.62%), and Reliance Energy (2.24%) were the major losers in the Sensex.

Asian stocks dropped, led by financial and mining companies, as higher loan-loss reserves at Bank of America and a fall in commodity rates derailed optimism the worldwide financial system is on recovery.

Nikkei declined 213.42 points at 8,711.33, Hang Seng index lost 475.72 points at 15,275 and Shanghai Composite slipped 21.62 points at 2,535.82.