Nifty in narrow range; Cairn, DLF, Hindalco, IDFC surge

The benchmark Nifty was trading lower amid volatility today, pulled down by further fall in Reliance Industries,  Bharti Airtel, HUL, ITC, HDFC Bank, L&T and SBI. Overall the Nifty was moving in a range of 5610-5645.

However, the buying in ONGC, Infosys, TCS, ICICI Bank, Wipro and DLF has capped the downside.

The 30-share BSE Sensex was trading at 18,783, down 62 points and the 50-share NSE Nifty fell 15 points to 5,632. However, the broader indices were up over half a percent.

Among largecaps, Reliance Industries, Ambuja Cements and Ranbaxy Labs were biggest losers on Nifty, with falling 3-4.5%. Bharti Airtel, Maruti Suzuki, HUL and M&M were down 1.5-2%.

However, DLF, Hindalco, Cairn India and IDFC were top gainers, with rising 3-4%. Reliance Communications, ONGC, Sterlite Industries and GAIL were up 1-2%.

Most active shares on exchanges were Jubilant Foodworks, SBI, Cairn India, GTL, Reliance Industries and DLF.