Mumbai: The BSE benchmark sensex recovered nearly 65 points in a mixed late morning trade after hitting 17-week lows in view of buying in capital goods, IT and banking counters despite selling in auto and realty counters.
The BSE benchmark sensex resumed lower at 16,123.04 and hovered in a range of 16,297.96 and 16,123.04 before quoting at 16,280.80 at 1100 hours, showing a gain of 64.96 points, or 0.04 percent, from its last close.
The NSE 50-share Nifty also moved up by 20.95 points of to 4,928.75 at 1100 hours.
India's largest engineering & construction firm by sales L&T extended Monday's gains by rising 4.20 percent triggered by strong fourth quarter results.
Other gainers were Wipro (1.32 percent), Cipla (1.30 percent), Hero Motocorp (1.09 percent), Jindan Steel (0.94 percent) and ICICI Bank (0.85 percent).
However, Maruti Suzuki dropped by 2.08 percent followed by NTPC 1.32 percent, M&M 1.27 percent, Tata Motor 0.95 percent and Coal India 0.87 percent.
Foreign institutional investors (FIIs) bought shares worth Rs 355.10 crore yesterday as per provisional figures from the stock exchanges.
Asia stocks were mostly lower in the early trade amid increasing concerns over Greek exit from the euro zone, despite the region's finance leaders declaring they weren't considering that possibility.
First Published: Tuesday, May 15, 2012, 11:27