Nifty bounces back above 4600; RIL, Bharti, ICICI Bank lead

The Sensex bounced back after six days of losses on the back of positive Asian cues. Buying was seen in high beta stocks. Telecom, realty, banking, select metal and technology stocks were the gainers in the early trade. The Nifty clawed back above the 4,600 mark.

At 9:56 am, the Sensex rose 169 points to 15,574 and the Nifty went up 51 points ot 4,614. The CNX Midcap gained 105 points at 6,490. The market breadth was positive; about 666 shares advanced while 148 shares declined on the NSE.

Nifty freefalls, closes below 4600 | Realty, Metals dip 6 to 9%

The Nifty has seen sharp sell-off today and inched back towards the 4500 level for the first time since August 2009. It has fallen for sixth consecutive day on heavy volumes and closes below psychological - 4,600 mark for the first time since August 21, 2009. Huge shorts build up and weak global cues hammered the equity benchmarks. High beta stocks have beaten down badly. Selling was seen across all the sectors. The BSE Realty Index crashed 9.7%. Metal, oil & gas, power, technology and capital goods stocks also cracked, respective indices fell 3-6%