The market gained marginal strength in noon trade supported by banks and index heavyweight Reliance Industries. However, pharma, capital goods, telecom and PSU oil stocks declined.
The Sensex gained 44.32 points at 28752.07 and the Nifty climbed 21.95 points to 8736.35. About 1400 shares have advanced, 1084 shares declined, and 175 shares are unchanged on the BSE.
Shares of Reliance Industries, ICICI Bank, HDFC Bank, Axis Bank, SBI, HUL and Tata Steel rallied 1-2 percent whereas GAIL and Bharti Airtel fell more than 2.5 percent followed by Tata Motors with over 1 percent loss.
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