labels: stock markets - india, markets - general
17 March 01.10 PM:Indices back to early highsnews
17 March 2006

After drifting down from the opening highs, indices have recovered and are close to their early highs. Firm trend across most major Asian markets and positive flows from FII's yesterday are helping sentiment.

The Sensex is trading higher by 53 points at 10932 at 01.10 PM.

The Nifty is trading higher by 20 points at 3246.

VSNL has gained further and is now the best performer among index stocks, having added over 3 per cent.

Aluminium stocks are holding firm. Hindalco has gained further from its early highs and has now added close to 3 per cent. Nalco has given up part of its early gains and is now trading with gains of over a per cent.

Gail is maintaining its gains of around 2 per cent while ONGC has gained close to 2 per cent, providing considerable support to the Nifty.

TCS continues to be the best performer among technology stocks, trading more than 2 per cent higher.

Pharma stocks Glaxo and Sun Pharma have gained around 2 per cent each.

ITC, Shipping Corp and Tata Chemicals are among the major gainers.

Zee Tele continues to be the biggest loser among index stocks, down more than 2.5 per cent.

Oil marketing stocks HPCL and BPCL continue to be weak as are FMCG stocks HLL and Dabur.

HDFC Bank, Tata Steel and HDFC are among the other losers.

Mid-caps have lost ground and the mid-cap index is trading with marginal gains now. The market breadth has declined further with 1.5 stocks declining for every advancing stock on the NSE.

M&M Finance, which got listed on the exchanges today, is now trading at Rs235.5.

BL Kashyap & Sons, another new listing today, is now trading at Rs979.

Visa Steel, the third new listing, has recovered from its lows and is now trading with modest gains from its issue price.

Flex Industries, SKM Egg Products and Saksoft are among the major gainers in mid-caps.

Visualsoft, Indo Tech Transformers and Kopran are among the mid-cap losers.

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17 March 01.10 PM:Indices back to early highs