Markets started the day in exactly the same fashion as
the last two sessions. The indices opened with a large
positive gap, came down sharply and slipped deep into
unlike the last two sessions, the markets have managed
to recover and the indices are holding on to their gains.
Many frontline stocks are seeing some buying in early
opened above 10500 and touched a low of 10220 before recovering
to touch a high of 10640. The index is trading higher
by 85 points at 10567 at 11.10 AM.
opened at 3069, declined to a low of 2997 before recovering
to a high of 3141. The index is trading higher by 34 points
Tele is the biggest gainer among index stocks, having
rallied nearly 7 per cent. At one point, the stock was
trading with gains of nearly 10 per cent.
stocks have bounced back in early trades. SAIL is trading
more than 6.5 per cent higher while Tata Steel has added
more than 3 per cent.
the heavyweights, ONGC and Reliance Industries have added
over 2 per cent each.
stocks are also doing well in morning trades. VSNL has
added close to 6.5 per cent while MTNL is trading nearly
4 per cent higher.
engineering stocks have recovered from the sharp fall.
Siemens is trading more than 6 per cent higher while BHEL
has added over 4 per cent.
is the biggest gainer among technology stocks, trading
nearly 2.5 per cent higher. Satyam and Infosys have added
over a per cent each. TCS is continuing the downtrend
and has lost close to another 1.5 per cent.
stocks are also doing well in early trades. Grasim is
the biggest gainer in the sector, trading nearly 5.5 per
cent higher. ACC and Gujarat Ambuja have added around
3 per cent each.
Airways, the biggest loser in yesterday's trade, has recovered
and is trading nearly 5.5 per cent higher.
Motors is the best performer among autos, trading more
than 4 per cent higher. Maruti is trading with gains of
3.5 per cent. M&M is weak and has shed nearly 3 per
ITC and Tata Tea are among the other gainers.
Bank is the biggest loser among index stocks, trading
nearly 4 per cent lower.
pharma stocks are weak in early trades. Cipla has lost
nearly 3 per cent while Dr Reddy's is trading almost 2.5
per cent lower.
stocks are also weak with Bajaj Auto dropping nearly 3
per cent. Hero Honda has lost over 2.5 per cent.
PNB and HLL are among the other losers.
also saw considerable volatility in opening trades. The
index slipped into the red and was trading more than 2.5
per cent lower at one point before recovering. The index
is now trading with modest gains of around 0.2 per cent.
Market breadth has picked up on the NSE and is now almost
of the liquid mid-caps have bounced back strongly. Bata
India, IVRCL Infrastructure and Essar Oil are among the
Oil, Lumax, Nicholas Piramal and Flex Industries are among
the gainers in mid-caps.
Infrastructure, Mahindra Gesco, NEC Life and Mastek are
among the mid-cap losers.