by a broad recovery across Asia following a decline in
crude oil prices, the Indian indices saw a sharp bounce
back in early trades. However, selling at higher levels
has seen the markets losing part of their gains.
opened at 9157 and surged to a high of 9387. The index
is trading higher by 132 points at 9195 at 11.10 AM.
opened at 2665 and saw a high of 2768. The index is trading
higher by 56 points at 2719.
stocks are among the biggest gainers in early trades.
Bharti has added over 6.5 per cent making it the biggest
gainer among index stocks. VSNL, one of the worst performers
over the last month, has added close to 5 per cent.
is trading close to 2.5 per cent higher while Reliance
Communications has added over 2 per cent.
stocks, except TCS and Infosys, are doing very well in
early trades. Wipro has added over 5.5 per cent while
HCL Technologies is trading more than 5 per cent higher.
Satyam has gained over a per cent.
is the big winner among auto stocks, trading more than
4 per cent higher. Tata Motors has added 3 per cent and
Maruti is up 2 per cent.
Honda has added over 2.5 per cent while Bajaj Auto is
trading more than a per cent higher.
has pulled back after resisting a fall yesterday. The
stock is trading higher by more than 3 per cent. Reliance
Industries has added over 1.5 per cent.
marketing stocks are doing well following the decline
on crude oil prices. HPCL has added close to 6.5 per cent
and BPCL is trading more than 5 per cent higher. Indian
Oil has added over 2.5 per cent.
bounce back in metal stocks is not as strong as other
sectors. Tata Steel and SAIL have added around 3.5 per
cent each. Nalco has gained close to 2 per cent while
Hindalco is trading with modest gains. Sterlite has added
close to 2.5 per cent.
Power, Zee Tele, ITC, HLL and Tata Chemicals are among
the other major gainers.
are only 3 Nifty stocks which are trading lower. HDFC
is continuing its down trend and has lost close to 2 per
TCS is the biggest loser among Nifty stocks and is trading
more than 3 per cent lower. Infosys has lost close to
0.5 per cent.
and small-caps have also bounced back strongly in early
trades. Most of the stocks which were beaten down substantially
over the last few days are trading with significant gains.
On the other hand, stocks which are on the 5 per cent
circuit and hence did not fall as much continue to be
mid-cap index notched up gains of over 2 per cent in early
trades before giving up part of the gains. The index is
now trading with gains of over 1.2 per cent. Market breadth
on the NSE is positive with more than 2 stocks advancing
for every declining stock.
Industries, Mahindra Gesco, Srei International Finance,
REI Agro, Gitanjali Gems, BRFL and Hotel Leela are among
the major gainer in the mid-cap space.
Diamonds, Phoenix Lamps, Adani Exports, Reliance Industrial
Infrastructure and Vivimed Labs are among the major mid-cap