continue to be on recovery mode and are maintaining the
upward momentum from yesterday afternoon. Asian markets
are trading with modest gains, despite the subdued trend
in the US indices yesterday.
opened at 11963 and touched a high of 12145 in early trades.
The index is trading higher by 241 points at 12115 at
opened at 3503, touched a high of 3603 and is trading
higher by 70 points at 3593.
expected, metal stocks are leading the recovery from the
front. Almost all the frontline metal stocks have recovered
a significant part of their recent losses.
Steel, yesterday's worst performer, is the biggest gainer
among index stocks. The stock is back above Rs600 and
is trading more than 4.5 per cent higher. SAIL has added
nearly 2 per cent.
aluminium stocks, Nalco has added over 3 per cent while
Hindalco is trading more than 2 per cent higher. Copper
stock Sterlite is trading nearly 3 per cent higher.
the heavyweights, ONGC has made a strong recovery and
is trading more than 4 per cent higher. Reliance Industries
has added close to 3 per cent.
has broken its losing streak and has gained over 4.5 per
cent in early trades. Among other refinery stocks, Essar
Oil is trading more than 8 per cent higher.
stocks are continuing their good run from yesterday. Tata
Motors has added 2 per cent while Maruti and MM has gained
a per cent each. Among 2-wheelers, Hero Honda has added
close to 4 per cent while Bajaj Auto is trading almost
1.5 per cent higher.
stocks are also firm in early trades after leading the
market recovery yesterday. Gujarat Ambuja has gained nearly
2.5 per cent while ACC is trading nearly 1.5 per cent
stocks are also holding up after yesterday's firm trend.
ITC has gained over 3 per cent and is back above Rs200
while HLL is trading more than a per cent higher.
technology stocks, Infosys and Satyam have gained close
to 2 per cent each. TCS is trading nearly 1.5 per cent
higher while Wipro has added a per cent.
is the biggest gainer among telecom stocks, trading nearly
4 per cent higher. Reliance Communications has added nearly
2 per cent while MTNL is trading more than 3 per cent
Chemicals, PNB and Ranbaxy are among the other gainers.
are only 3 losers among Nifty stocks. Zee Tele has lost
close to 2 per cent and is the biggest loser.
Bank has given up 1.5 per cent while Cipla is trading
a per cent lower.
have also recovered substantially today and most of the
popular stocks are trading with significant gains. The
index is trading
with gains of more than 2.7 per cent. Market breadth on
the NSE is highly positive with nearly 16 stocks advancing
for every declining stock.
Infoline, Jubilant Organosys, Gujarat Ambuja Exports and
Shah Alloys are among the major gainers in mid-caps.
Infrastructure, Syndicate Bank, Visa Steel and Gangotri
Textiles are among the mid-cap losers.