Indices opened on a modestly weak note, recovered but
declined again. They have moved back into positive territory
once again and are trading with modest gains.
opened at 12875 and saw a high of 12921. The index is
trading higher by 25 points at 12909 at 11.10 AM.
opened at 3715 and touched a high of 3727. The index is
now trading higher by 5 points at 3720.
is continuing the rally and is the best performer among
index stocks, trading nearly 2.5 per cent higher.
marketing stocks BPCL and HPCL have gained around a per
cent each after yesterday's correction. Gail India has
also recovered more than a per cent.
Bank has picked up strength in anticipation of good numbers
and has added more than a per cent. SBI has also added
close to a per cent
Tech is continuing the rally from yesterday and has added
another per cent.
Honda, Reliance Communications and Tata Motors are the
other major gainers.
Bank is continuing the downtrend from yesterday and has
lost another 2.5 per cent. HDFC is also finding no support
and is trading more than 2 per cent lower.
which announced at par results, is the worst performer
with losses of nearly 3 per cent.
stocks have come under pressure in early trades. Wipro,
which announced better than expected results, has lost
more than a per cent. Satyam, which has not announced
results, has lost a per cent and TCS is also down nearly
a per cent.
Airways has lost nearly a per cent after a pathetic performance
for the second quarter.
has slipped nearly 1.5 per cent after the recent gains.
and Bharti are the other major losers.
and small caps are doing better than large caps after
underperforming for the last two sessions. Though there
is no clear buying momentum, many stocks have recovered
modestly from the losses of previous two sessions.
NSE mid-cap index is now trading with gains of over 0.35
per cent. BSE mid-cap index has gained over 0.25 per cent
and the small-cap index is trading with gains of over
0.4 per cent. Market breadth on the NSE is positive in
early trades with nearly 1.5 stocks advancing for every
Pharma, which announced a licensing deal worth over Rs1,000
crore with Merck for a diabetes drug being developed by
Glenmark, is the best performer among mid-caps with gains
of over 15 per cent.
Fertilisers, Sandesh, Zenith Exports, Khaitan Electricals,
Kirloskar Oil, SICAL, Ramkrishna Forge and Chemfab Alkalies
are among the major mid-cap gainers.
Software has corrected after rallying for two sessions
and is down more than 6 per cent.
Auto, Quintegra, Provogue, Kinetic Motors and Cinevistas
are the major mid-cap losers.