Sensex off opening highs, Nifty slips below 9,800; HDFC Bank declinesEquity benchmarks started off Tuesday's trade on a strong note, with the Nifty reclaiming 9,800 level, supported by broadbased buying.
The 30-share BSE Sensex was up 173.60 points at 31,432.45 and the 50-share NSE Nifty rose 56.45 points to 9,810.80.
About two shares advanced for every share falling on the BSE.
Infosys rebounded 1 percent after 15 percent correction in previous two consecutive sessions.
Hindalco, Vedanta, Dr Reddy's Labs, IOC, Tata Steel, Tata Motors, Coal India, ICICI Bank, Axis Bank, GAIL, Tech Mahindra, Aurobindo Pharma and Bank of Baroda gained up to 2 percent.
TCS and UltraTech Cement were under pressure.
Among midcaps, Reliance Capital, Capital First, PNB Housing Finance, LIC Housing Finance, Jaiprakash Associates, Repco Home, Indo Count, Chennai Petroleum, Manappuram, Reliance Defence, BEML, V-Guard, HCL Infosystems and Bhushan Steel rallied up to 16 percent.
HCL Infosystems shares rallied as much as 17 percent in morning trade on distribution agreement for Apple products in India.
The HCL Group company inform exchanges that the distributor agreement for distribution of iPhone and other Apple Products has been signed with Apple India Private Limited.
A confirmation of the same is received by the company from Apple today,
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