recording new lifetime highs, the indices are holding
on to their gains in early afternoon trades. The up trend
is not very broad-based as significant gains on select
heavyweights are holding the indices. A large number of
frontline stocks are looking lacklustre.
Sensex is trading higher by 129 points at 11951 at 01.10
Nifty is trading higher by 42 points at 3560.
the gainers from early trades are holding on to the gainers
in early afternoon trades as well.
Industries has gained further and is now trading with
gains of over 4 per cent. The stock has added over 8 per
cent in the last three sessions.
stocks are also holding firm and Hindalco continues to
be the biggest gainer from the sector with gains of more
than 3 per cent. Nalco is also trading more than 3 per
stocks SAIL and Tata Steel are also trading with gains
of close to 3 per cent each. Copper producer Sterlite
has added over 2.5 per cent.
is the biggest gainer among Nifty stocks with gains of
over 4 per cent.
Pharma has gained further in early afternoon trades and
is now trading with gains of over 4 per cent.
and IPCL are the other major gainers among index stocks.
Technologies is the biggest loser among index stocks after
the company's results failed to excite the market. The
stock has given up close to 5 per cent.
has given up further ground and is trading more than 1.5
per cent lower. Satyam has also slipped into the red.
TCS has given up all its early gains and is trading flat.
Tele has declined further and is now trading nearly 3.5
per cent lower.
L&T, ACC and BPCL are the other losers among Nifty
are also holding on to their gains but gains on the mid-cap
index are lower than the frontline indices. The index
is trading nearly 0.65 per cent higher. Market breadth
has declined but continues to be positive on the NSE.
Finance, Essar Oil and Sadbhav Engineering are among the
major gainers in mid-caps.
Kashyap, Nicco Corp and Onward Technologies are among
the mid-cap losers.