Helped by strong gains in Reliance Industries and ICICI
Bank, the markets have built up strong gains in early
afternoon trades. Other Asian markets are mostly negative
while Europe has had a mixed opening.
is trading higher by 133 points at 13270 at 01.10 PM.
is now trading higher by 35 points at 3832.
Industries has made a major up move and is trading more
than 2 per cent higher
Bank has rallied more than 3 per cent and is scaling new
lifetime highs while HDFC Bank is holding on to gains
of more than 2 per cent
and Sun Pharma are the best performers among index stocks
with gains of well over 3.5 per cent each
has added nearly 3 per cent on expectations of good annual
Reddy's has made a fresh up move and is trading nearly
2.5 per cent higher
Energy is holding on to gains of over 3 per cent
and HCL Tech are the other major gainers among index stocks
marketing stocks have slipped further after the weak opening.
Both BPCL and HPCL have lost close to 2.5 per cent each.
remains weak by more than a per cent
has come off its lows, but is still down more than 0.5
has shed another 0.5 per cent after yesterday's 3 per
cent fall. Bajaj Auto is sustaining the down trend and
has lost nearly 0.5 per cent
and Dabur remain weak by around 0.5 per cent each
India and HDFC are the other losers
and small caps have also gained further in early afternoon
trades. The NSE mid-cap index is now trading with gains
of nearly 0.6 per cent. BSE mid-cap has gained nearly
0.85 per cent and the small-cap index is trading more
than 0.7 per cent higher. Market breadth on the NSE has
improved in early afternoon trades with more than 2 stocks
advancing for every declining stock.
Dart has come off its highs but is holding on to gains
of nearly 13.5 per cent. The open offer by DHL for Blue
Dart is set to open tomorrow
is holding on to gains of nearly 9 per cent. TV Today
is another prominent mid-cap gainer, having added nearly
7.5 per cent
Remedies, Khaitan Electricals, Ind-Swift Limited, greaves
Cotton, ICIL, Man Industries and Pratibha Industries are
among the major mid-cap gainers.
Infrastructure, which got listed yesterday, remains weak
by 8 per cent. Shyam Telecom, which saw a spectacular
surge after re-listing, is also down more than 8 per cent
Petro, Dhampur Sugar, Sirpur Paper, Jaybharat Maruti,
Godrej Industries and Dharani Sugar are the major mid-cap