Markets rallied further in early afternoon trades, helped
by continuing strength in tech stocks and a recovery in
ONGC. Reliance Industries has also gained further, helping
the Sensex to move close to 11000
is trading higher by 102 points at 10955 at 01.10 PM.
is trading higher by 27 points at 3242.
stocks have built on their strength. Infosys continue
to lead the pack with gains of close to 3.5 per cent.
Wipro and Satyam have added close to 2.5 per cent each.
Technologies is trading nearly 2 per cent higher while
TCS has also added nearly 2 per cent.
Reliance Industries and ONGC have gained in early afternoon
trades, providing considerable support to the indices.
Reliance is now trading nearly 2 per cent higher while
ONGC has added over a per cent.
has surged ahead in early afternoon trades and is now
trading more than 6 per cent higher. Strong outlook for
tractor and utility vehicle sales in the current year
is helping the stock.
IPCL, L&T, ITC and Grasim are among the other gainers.
stocks remain weak in early afternoon trades. PNB is the
biggest loser among index stocks, trading more than 1.5
per cent lower. HDFC Bank has recovered marginally from
its lows and is now trading just over a per cent lower.
is down nearly a per cent while SBI is also trading lower.
ICICI Bank has recovered and has added over 0.5 per cent.
has not managed a recovery and is still down nearly 1.5
Motors and Hero Honda have made partial recoveries and
are trading nearly 0.5 per cent lower.
Tata Chemicals, Tata Tea, Bharti and Nalco are the other
have also gained further in early afternoon trades. The
index is now trading with gains of around 0.80 per cent.
Market breadth on the NSE has improved with more than
2 stocks advancing for every declining stock.
Agro, Helios & Matheson, Dewan Housing, BRPL and Finolex
Pipes are among the gainers in mid-caps.
Jaypee Associates, Vimta Labs, Oudh Sugar and LG Balakrishnan
are among the mid-cap losers.