Market Commentary:
* Asian stocks rose, extending the biggest rally in a month, as the won touched a five-week high and oil advanced after reports from the U.S. to Germany and South Korea showed strengthening economic growth.
* Equity markets are showing choppy trend in morning trade after surging high in the last session, though the start was on a positive note but the benchmark indices soon slipped into red.
* Reliance Industries surged over 4% after the company said its board will consider a proposal for buyback of the company's equity shares. Software pivotals declined with sector giant TCS sliding over 3% as the company's Q3 results came in line with market expectations.
* The market breadth, indicating the overall health of the market, was negative.
* The rupee scaled a new two-month high today, boosted by strong dollar inflows as global funds seek higher returns in the Asia's third largest economy, while oil buying capped the gains.
* Nifty is hovering around its crucial level of 4950. From intra-day perspective, Nifty may find support at 4920 while upside should be capped at 4980-85.
* INDICES: Sensex -24 at 16442 (-0.15%), NIFTY -14 at 4953 (-0.28%), CNXMIDCAP -23 at 6702 (-0.34%)
* SECTORAL PERFORMANCE: BANKEX -0.88%, AUTO -0.47%, CAPITAL GOODS -0.44%, HEALTHCARE -0.01%, Metal -0.65%, OIL & GAS 2.41%, IT -1.52%, FMCG -0.4%, PSU -0.03%, REALTY 0.79%, Consumer Durables -0.06%, POWER 0.17%
* MARKET BREADTH: 188 Advances, 301 Declines (BSE 500)
* TODAY'S GAINERS: RIL 3.42%, RPWR 2.82%, DLFU 2.27%, RELI 2.12%, ONGC 1.91%
* TODAY'S LOSERS: MM -3.61%, TCS -3.21%, WPRO -2.57%, ICICIBC -2.36%, KMB -2.33%
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