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Markets have gained further from the morning highs, helped
by strong up moves in oil and technology stocks. Asian
markets are holding on to their gains and Europe has opened
with modest gains.
Sensex
is trading higher by 140 points at 11918 at 01.10 PM.
Nifty
is now trading higher by 41 points at 3477.
Zee
Tele has gained further and remains the best performer
among index stocks. The stock is now up 4.5 per cent.
Oil
marketing stocks have moved up further. HPCL is now trading
3.5 per cent higher and BPCL has added nearly 2 per cent.
Auto
stocks have also built on their early strengths. Maruti
is now trading more than 2.5 per cent higher while Tata
Motors has added nearly 2.5 per cent.
Dabur
is a major mover in early afternoon trades and has gained
well above 3 per cent. HLL has gained close to 2 per cent
while ITC has added nearly a per cent.
Glaxo
is holding on to its gains of over 2.5 per cent.
Among
engineering stocks, Suzlon has added nearly 2.5 per cent
while L&T is holding on to gains of over 2 per cent.
Among
index heavies, ONGC is up nearly 1.5 per cent while Reliance
continues to trade with gains of close to a per cent.
IPCL
is up nearly 2 per cent.
Infosys
has gained close to 2 per cent and Satyam is still trading
1.5 per cent higher. TCS has gained 1.25 per cent while
Wipro is trading nearly a per cent higher.
Hero
Honda remains the only loser among index stocks and is
down nearly a per cent.
Mid-caps
and small caps have gained further from their early levels
as there is no let up in buying. The NSE mid-cap index
is now trading with gains of 1.2 per cent.
BSE
mid-cap index is doing much better with gains of 1.7 per
cent and small-cap index has added 1.4 per cent. Market
breadth on the NSE continues to be highly positive with
nearly 4 stocks advancing for every declining stock.
United
Western Bank continues to trade with losses of over 32
per cent, following the RBI moratorium on its operations
over the weekend.
Essel
Propack and Orient Paper are locked in the 10 per cent
upper circuits.
Softpro
Solutions, Vimta Labs, Subros, Saksoft, Garden Silk and
Astra IDL are among the major mid-cap gainers.
Gruh
Finance, Quintegra, Petron Engineering, SPL and Zuari
Agro are the major mid-cap losers.
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