Nifty holds 4950; RIL, Rel Comm, Rel Power top gainers

The benchmark Sensex was up more than 100 points but was extremely volatile in trade. It erased nearly 150 points from day's high. Mukesh and Anil Ambani group companies' shares along with capital goods, telecom, technology, power and select metal companies' shares were supporting the markets.

However, selling in HDFC, SBI, Hindalco, ONGC, DLF, Tata Power, Unitech, ITC, Maruti, ACC, Tata Steel, Sun Pharma and M&M capped the gains to major extent.
The Sensex was trading at 16554, up 109 points and the Nifty was at 4959, up 28 points. The Nifty May future was trading with 5-7 points discount.