Markets off day's highs

The markets have shed some weight in afternoon trades, but are still trading well in the positive. The Sensex is now up 58 points at 17,111 and the Nifty is up 12 points at 5,113.

Reliance tops the list of Sensex gainers. The index bellweather has regained the Rs 1000 mark on account of value buying at lower levels and is now trading at Rs 1,011, up 2.1%. Tata Motors has added 2% at Rs 786 after the promoter Tata Sons upped its stake by acquiring four million shares from Daimler.

Tata Power, Jaiprakash Associates and ACC are the other notable index gainers.

And among other prominent oil stocks, Essar Oil and Gail have appreciated up to 1% each at Rs 146 and Rs 409 respectively.

The top losers are L&T (weakened by 0.9% at Rs 1572), Bharti Airtel (lower by 0.7% at Rs 289) and NTPC (down 0.6% at Rs 201).

The market breadth has turned neutral. Out of 2,775 stocks traded on the BSE so far, 1,337 have advanced and 1,336 have declined.