The markets are choppy on Friday. The Nifty is hovering around the 2900 mark. Private banking, technology (barring Satyam), select power and metal stocks as well as ONGC are supporting the markets. However, Bharti Airtel, Reliance Industries, L&T, Satyam, Nalco, Sterlite, DLF, Tata Motors, and Ranbaxy are seeing selling pressure.
The National Stock Exchange said on Wednesday it would remove Satyam from its S&P.
The Indian equities markets dropped sharply after Satyam's Raju resigned.
The resignations caught the market, investors and analysts by surprise.
The Sensex went up 111 points to 10,447 and the Nifty gained 24 points at 3,136.
Banking, cement, realty, technology and metal stocks are on buyers' radar.
2008 shattered many a milestone in bad fortune but 2009 holds promise.
Sensex closed 0.55 per cent or 54.67 points higher from Thursday's close.
At 0956 am, the Sensex rose 83 points to 9,652 and the Nifty gained 25 points at 2,941.
The 30-share index closed at 9,716.16, higher by 182.64 points.
