volatility was seen in opening trades today as well and
the indices moved in a band after opening with modest
gains. Sharp gains in Reliance Industries have helped
the indices to surge ahead in mid-morning trades.
Sensex opened at 12344 and touched a new lifetime high
of 12415. The index is trading higher by 104 points at
12414 at 11.10 AM.
Nifty opened at 3631 and touched a new lifetime high of
3658 and is trading higher by 22 points at 3657.
Industries surged after a subdued opening and has added
close to 4 per cent, providing considerable support to
the indices. Group company IPCL is trading nearly 3 per
Tele has bounced back from yesterday's correction and
was the biggest gainer among index stocks in opening trades.
The stock is trading with gains of more than 3 per cent.
of oil marketing companies are holding firm today as well.
Talk of a further price hike and further decline in crude
oil prices yesterday are helping them. BPCL and HPCL are
trading with gains of over 2 per cent each.
which underperformed its telecom peers yesterday, has
added over 1.5 per cent.
Bank is continuing the rally and has added over 1.5 per
Tata Motors and BHEL are among the other gainers.
Ambuja, which announced the merger of group company Ambuja
Eastern yesterday, is the biggest loser among index stocks
and is trading 2 per cent lower. Traders are disappointed
that Holcim is not revising its open offer price.
cement stocks are continuing their weak trend from the
last two sessions. Both ACC and Grasim have lost over
0.5 per cent each.
has lost close to a per cent following the decline in
crude oil prices yesterday.
has come under profit booking and has lost close to a
HLL, Tata Tea, Dr Reddy and Nalco are among the other
are also firm in early trades with many individual stocks
flying around. The index is trading with gains of around
0.5 per cent. Market breadth on the NSE is highly positive
with more than two stocks advancing for every declining
of companies having land holdings are rallying today as
well. Adani Exports, Premier Limited and Hindustan Motors
are among such stocks, which have gained over 10 per cent
is locked in the 5 per cent lower circuit on reports that
the government is opposed to the company's deal with RIL
to purchase gas at below market price.
Agro, GMR Industries and Rajvir are among the major gainers
Zenith Computers and NEPC Micon are among the mid-cap