Markets choppy

The market recovered to post decent gains after an initial slump. However it saw spells of volatile movements.The market remained rangebound in early after noon trade, after seeing volatile swings in early trade.The markets have gained some points and were trading in green on the back of some buying witnessed in the realty, pharma, metal, consumer durables and FMCG stocks. IT, auto, capital goods and banking stocks were still under pressure.

At 12.40 pm, the Sensex is up 41.10 points or 0.20% at 20145.49, and the Nifty up 15.60 points or 0.26% at 6073.70.

Realty stocks rose. Housing Development & Infrastructure (up 6.8% to Rs 1,025),Anant Raj Industries (up 4.43% to Rs 363), Indiabulls Real Estate (up 0.88% to Rs 747.05), Unitech (up 0.55 to Rs 480) and DLF (up 0.22% to Rs 1,024.85) edged higher.

Reliance Industries rose 0.22% to Rs 2,839. Oil refining major is reportedly exploring ways to sell its petroleum products directly in the US and Europe. At present, the company sells its petroleum products through traders. Mulls setting up retail outlets in US.

Healthcare stocks rose. Fortis Healthcare (up 7.88% to Rs 93.80), Wockardt (up 4.32% to Rs 425.35), Cipla (up 1.65 to Rs 207), Dr. Reddy’s Laboratories (up 0.99% to Rs 717.65), Ranbaxy Laboratories (up 0.81% to Rs 414.50) edged higher.

Capital goods stocks declined. Bharat Heavy Electricals (down 1.02% to Rs 2,565), Larsen & Toubro (down 1.04% to Rs 4,191) and Bharat Earth Movers (down 1.71% to Rs 1,690) edged higher.

FMCG majors rose. Marico Industries (up 3.24% to Rs 71.95),ITC (up 3.1% to Rs 203.10) and Hindustan Unilever (up 1.18% to 214.50) edged lower.

Consumer durable stocks rose. Videocon industries (up 7.61% to Rs 654.05), Rajesh Exports (up 1.83% to Rs 956.95) and Gitanjali Gems (up 3.15% to Rs 411) edged higher,.

Hindalco Industries (up 1.82% to Rs 212.70), Tata Steel (up 1.32% to Rs 901.10) edged higher.

Mahindra & Mahindra (down 1.34% to Rs 783.45), Satyam Computer Services (down 1.69% to Rs 413.95),Tata Motors (down 1.56% to Rs 748) and Bharti Airtel (down 1.99% to Rs 968.15) edged lower.

Sun TV Network rose 2.06% to Rs 414 after a block deal of 11 million shares, or 2.8 % of its equity, at Rs 408.50 each on the BSE.

Videocon Industries rose 7.28% to Rs 652.05. According to reports, Videocon Industries plans to spin off its energy business, including coal fields in Indonesia and oil and gas blocks in Brazil, into a separate company called Videocon Natural Resources, and retain a substantial stake in the new firm.

IVR Prime Urban Developers rose 2.82% to Rs 504.60. It announced that the it has received investment commitments of around Rs 250 crore from Kotak India Realty Fund for its multi use integrated development realty projects.

Maharashtra Seamless rose 3.18% to Rs 45.40. It has announced that the it has been awarded export orders worth $ 40 million from USA & Latin America. These supplies would support the drilling programmes of Oil & Gas majors in the above region.

Atlanta rose 8.51% to Rs 339.10. It announced that Shreenath Builders, partnership firm in which the company is having a stake of 51% has purchased a property named Olympic Cinema admeasuring 6988.89 sq. yards situated at Jodhpur, Rajasthan from Adeshwar & Company at a purchase consideration of Rs 48.6 crore with the object to construct a commercial mall at the said property naming "Atlanta V Mall".