The market gained some strength in morning, with the Nifty holding 10,800 levels ahead of Karnataka election results due tomorrow.
The 30-share BSE Sensex was up 86.32 points at 35,622.11 and the 50-share NSE Nifty gained 21.10 points at 10,827.60.
The Nifty Bank index is up more than 100 points while broader markets underperform frontliners, with the Nifty Midcap index falling quarter percent.
Lupin gained 2 percent after the USFDA inspected Nagpur facility with no observations while Dena Bank traded at 15-year low after widening losses in March quarter.
The market is trading in a tight range of around 20 points on the Nifty. Traders prefer to await Karnataka elections results before taking any big positions as exit polls announced on Saturday indicated hung assembly.
The 30-share BSE Sensex was up 61.10 points at 35,596.89 and the 50-share NSE Nifty rose 17.90 points to 10,824.40.
All sectoral indices are in the green barring Auto and IT.
HDFC twin, ITC continue to support the market while ICICI Bank, Infosys, TCS, Tata Motors are under pressure
Canara Bank rebounds sharply from opening lows despite it posted a loss of Rs 4,860 cr in March quarter due to spike in provisions and NPAs.
Missed call
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