Markets have given up most of the early gains in line
with the trend on other Asian markets, which have also
come down substantially from their morning highs. There
is also some market rumours about selling by domestic
institutions. Europe has opened with marginal gains.
is trading higher by 21 points at 11553 at 01.10 PM.
is now trading higher by 11 points at 3381.
of the gainers in early trades continue to trade firm,
though they have come off their highs. Zee Tele remains
the best performing index stock with gains of over 4 per
continues to trade higher by nearly 3.5 per cent, despite
the decline in indices. OBC and PNB are trading with gains
of close to 1.5 per cent each.
India has moved further up and is now trading more than
4 per cent higher.
Power has gained in early afternoon trades and is trading
1.5 per cent higher.
engineering and capital goods stocks, ABB is up more than
1.5 per cent and Suzlon has added close to a per cent.
Industries is trading 0.5 per cent higher and ONGC is
marginally in the green.
other gainers, Tata Steel has added over a per cent on
reports of a $750-million overseas debt programme. Hero
Honda continues to trade higher by close to a per cent.
of oil marketing companies have come under further pressure.
BPCL is now the worst performer among index stocks with
losses of over 2 per cent. HPCL is down more than a per
Motors is facing some pressure and is down more than a
per cent. Maruti has shed close to 0.5 per cent.
tech stocks, Wipro has lost over 0.5 per cent and Infosys
is trading with modest losses.
Bank continues to trade weaker by nearly a per cent.
and Dr Reddy's are trading with losses of around 0.5 per
is the other loser, down 0.5 per cent.
and small caps have also come off their highs, but they
continue to outperform the large caps. The NSE mid-cap
index is now trading with gains of 0.8 per cent. BSE mid-cap
index is trading over 0.8 per cent higher and small-cap
index is up by almost 0.9 per cent. Market breadth on
the NSE remains positive with close to 2 stocks advancing
for every declining stock.
Universal is the best performer among mid-caps, trading
nearly 12 per cent higher.
Sterlite Optical, India Infoline, KEI Industries, Glenmark,
Indotech Transformers, Bhagyanagar Metal, Hindustan Motors
and FCS Soft are among the major mid-cap gainers.
Paper, Khaitan Limited, Indraprastha Medical and Kernex
Micro are the major mid-cap losers.