Afternoon equity market updates, sensex trade under pressure

In afternoon trade Indian stock market trade sluggish, Nifty is trading at 8544.85 up 20.15 pts or 0.24% while sensex is trading down side -39.32 pts or 0.14% at 28390.62. Sensex under pressure today led by loss of dr. Reddy labs, FMCG, Health care,

The outperformed markets extended gains in afternoon trade. The BSE Midcap and Smallcap indices climbed 1.7 % each.

Midcap auto stocks like Eicher Motors and TVS Motor saw heavy buying interest today after Goldman Sachs resumed coverage on both stocks with a buy.

Bullish stocks- Jindal stell up 8%, ONGC 2.80%, BHEl 2.30%, Asian paints 2.30%, cairn india 1.50%, GAIL 1.50%, IDFC 1.59%, NTPC 1.89%, M&M 1.41%.

Bearish stock- dr reddy labs 2.18%, Bharti airtel 1.26%, HDFC 1.54%, Hindalco 1.32%, ITC 1.20%, Zee entertain 1.44%.