started on a positive note as many frontline stocks recovered
from the previous week's losses. However, losses in Reliance
Industries and select telecom and technology stocks have
forced the indices to shed all their gains. Other Asian
markets are mostly weak in morning trades.
opened at 13685 and saw a high of 13723 before losing
all the gains. The index is trading higher by 4 points
at 13636 at 11.10 AM.
opened at 3939 and saw a high of 3958 before slipping.
The index is now trading absolutely flat at 3939.
stocks are doing well in early trades. SAIL has rallied
close to 3 per cent while Tata Steel is trading 2.5 per
cent higher. Nalco has added over 2 per cent.
has bounced back from last week's decline and is the best
performer among index stocks with gains of nearly 3 per
stocks have also bounced back from last week's heavy losses.
ACC has added nearly 2.5 per cent and Gujarat Ambuja is
trading 2 per cent higher.
is leading the tech pack with gains of over 2.5 per cent
while HCL Tech is up over 2 per cent.
is the best performer among banks with gains of over 2.5
Reddy is the other major gainer trading nearly 2 per cent
Industries has slipped more than 1.5 per cent as the news
of a large preferential issue to promoters has failed
to excite traders
Communications is continuing the down trend and has lost
nearly 3 per cent. Bharti has lost well over 0.5 per cent.
has lost over a per cent and is the worst performer among
autos, M&M has lost close to 1.5 per cent and Maruti
is down nearly a per cent. Hero Honda has lost another
Airways is showing no signs of a recovery and has lost
over 1.5 per cent.
is the worst performer among engineering stocks with losses
of over a per cent.
Entertainment is the other loser, down more than 0.5 per
and small caps have recovered from last week's losses
and are doing much better than large caps. The NSE mid-cap
index is now trading with gains of 0.7 per cent. BSE mid-cap
index has gained 0.4 per cent and the BSE small-cap index
is trading with marginal gains of less than 0.05 per cent.
Market breadth on the NSE is positive in early trades.
and C Construction got listed today. Issued at Rs291 per
share, the stock opened at Rs288 on the NSE and slumped
to a low of Rs244. The stock is now trading at Rs248 per
Finance, another new listing today, is faring relatively
better. Issued at Rs52 per share, the stock opened at
Rs56 on the NSE and touched a high of Rs60.9. The stock
is now trading at Rs53.6 per share.
is continuing the rally today as well and has added nearly
14 per cent.
Silk, Indo-Asian, Rane Madras, Uniphos, Binani Industries,
Sterlite Opticals, Elgi Tyre and Zensar Technologies are
the other major mid-cap gainers.
Champdany, Classic Diamonds, Autoline Industries, Crew
BOS and Atlanta Limited are locked in 10 per cent down
Alps Industries, Crew BOS and KEI Industries are also
locked in 10 per cent down circuits.
Textiles, Enkei and Polyplex are among the major mid-cap