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Sensex, Nifty Trade on a Firm Note; Banking Stocks Fall
16 Feb 2015, 01:22 PM IST 
Sensex continued to trade on a positive note in the noon deals supported by gains in FMCG and auto stocks.
The Nifty was also trading on a firm note in the noon trades led by gains in heavyweights like Mahindra & Mahindra, Bharti Airtel, ITC and HUL.
Meanwhile, the banking stocks fell on the back of profit-booking. The Bank nifty was down 0.5 per cent or 85 points at 19,284.
The broader markets also fell prey to profit-booking and came off the day's high levels. The mid-cap and small-cap indices were quoting marginally higher.
From the Nifty basket, Sun Pharma was the top loser. The stock slipped 2.4 per cent to Rs 917 after the pharmaceutical company's earnings failed to meet analyst expectations.
Axis Bank, Hero MotoCorp, Bank of Baroda, ICICI Bank, Larsen & Toubro, IDFC, ACC and Jindal Steel were also trading weaker by 0.8-1.7 per cent each. At the same time, HUL, Bharat Petroleum, Tata Motors, ITC and Bharti Airtel were among the gainers.
The market breadth was neutral as 1,175 stocks were advancing while 1,255 were declining.
At 1:20 PM, the Sensex was up 81 points at 29,176 and the Nifty was at 8,827, up 21 points.