have gained ground in early afternoon trades, helped by
significant gains in large bank stocks. Asian markets
continue to be weak on lacklustre US markets and the recovery
in oil prices.
Sensex is trading higher by 65 points at 10869 at 01.10
Nifty is trading higher by 10 points at 3213.
stocks, led by SBI, rallied in early afternoon trades
after a large bulk deal in SBI was reported on the BSE.
The deal in the FII segment was struck above Rs1,000 per
share, a significant premium to the current market price.
is the biggest gainer among index stocks, trading with
gains of close to 4 per cent. PNB has gained over 2.5
per cent while ICICI Bank has added over 1.5 per cent.
stocks are holding on to their gains though they have
come down from the early highs. ACC, Gujarat Ambuja and
Grasim have gained over 1.5 per cent each.
Infosystems has come down from its early highs and is
now trading with gains of nearly 7 per cent.
HDFC and Bajaj Auto are among the other major gainers.
stocks have lost further ground after showing some signs
of coming back to the reckoning. Satyam continues to be
the biggest loser in the sector and among index stocks,
trading lower by close to 2 per cent. Wipro has also shed
close to 1.5 per cent. TCS has lost over a per cent while
Infosys has inched back into positive territory.
Zee Tele, Gail and Sun Pharma are among the losers in
are holding on to their modest gains and the mid-cap index
has not participated in the early afternoon rally in large
caps. The market breadth has improved and remains positive.
continues to be locked in the 10 per cent upper circuit.
The stock has seen good delivery based buying in the week
Exports, TTK Prestige and Aban Loyd are among the major
gainers in mid-caps.
Cement, Ruby Mills and Comsys are among the mid-cap losers.