last Friday's spectacular rally, markets are holding on
with modest gains in early trades. The indices opened
firm, but declined soon after before recovering again.
Major Asian indices, except South Korea and Singapore,
are trading with modest gains.
opened at 10617 rallied to a high of 10685 before declining
to a low of 10589. The index is trading higher by 33 points
at 10643 at 11.10 AM.
opened at 3129 and touched a high of 3154 before slipping
to a low of 3119. The index is trading higher by 7 points
stocks are doing very well in early trades as the companies
get ready to announce first quarter results over the next
two weeks. TCS is leading the sector and is the biggest
gainer among index stocks with gains of 2.5 per cent higher.
and Infosys have added around 1.5 per cent each.
stocks have perked up after Hindalco announced a product
price hike. Nalco has gained nearly 2.5 per cent and Hindalco
is trading almost 1.5 per cent higher.
marketing stocks are doing well on unconfirmed reports
of a liberalised product pricing policy being formulated
by the government. HPCL has gained 2.5 per cent and BPCL
is trading over 2 per cent higher.
has added nearly 1.5 per cent on excellent sales volumes
for the month of June.
SBI and HLL are among the other major gainers.
of the major gainers from last week, is the biggest loser
among index stocks in early trades today. The stock is
now trading nearly 3 per cent lower.
other banking stocks, HDFC Bank and PNB have lost nearly
a per cent each.
stocks are witnessing some amount of profit booking after
last week's gains. Siemens is down nearly 1.5 per cent
and ABB has given up nearly a per cent.
heavyweights Reliance Industries and ONGC are trading
with marginal losses.
Pharma, Zee Tele, Grasim and Bharti Airtel are among the
other major losers.
and small caps are holding on to the higher levels seen
Friday even on the face of volatility in large caps. Most
of the popular mid-caps are consolidating and there are
not many stocks, which have corrected substantially.
mid-cap index is now trading with gains of around 0.3
per cent. Market breadth on the NSE is modestly positive
with more than one stock advancing for every declining
mid-cap and small-cap indices are also trading with gains
of around 0.5 per cent each.
is locked in the 5 per cent upper circuit on unconfirmed
reports that the R-ADAG group may get long lease of some
Focus, Hyderabad Industries, Unitech, Nectar Life, Subhash
Projects and McLeod Russell are among the major mid-cap
Cotton, Sudarshan Chemicals, Vishesh Info and Eicher Motors
are the major mid-cap losers.