labels: stock markets - india, markets - general
30 June 01.10 PM: Sensex holding above 10500 news
30 June 2006

No sign of profit booking in Asian markets and a strong opening by Europe has helped the Indian indices to hold on to their morning gains.

Sensex is trading higher by 371 points at 10533 at 01.10 PM.

Nifty is trading higher by 108 at 3105.

HLL has rallied further and is the biggest gainer among index stocks. The stock has added nearly 8.5 per cent on expectations of improved rural demand after the monsoon revival

Zee Tele has also gained considerably after a firm opening and is now trading more than 7 per cent higher.

ONGC is holding on to its gains of 4.5 per cent while Reliance Industries has gained further and is now trading more than 3.5 per cent higher.

Metal stocks are holding on to their gains, led by SAIL, which is still trading nearly 6.5 per cent higher. Tata Steel is holding on to its gains of over 4.5 per cent.

Hindalco is trading more than 5.5 per cent higher while Nalco is up more than 3 per cent.

Among auto stocks, Maruti is holding on to its gains of nearly 6.5 per cent. Tata Motors is still trading higher by 4.5 per cent and M&M is holding on to gains of 3.5 per cent.

L&T is the best performer among engineering stocks and is trading nearly 5 per cent higher. BHEL has gained 4 per cent while Siemens and Suzlon are trading with gains of over 3.5 per cent each.

Satyam is holding with gains of over 5 per cent while Infosys, HCL Tech and Wipro are trading around 2.5 per cent each higher. TCS is trading 2 per cent higher.

Jet Airways has slipped considerably in early afternoon trades and is now trading nearly 3 per cent lower. An influential foreign brokerage had downgraded the stock yesterday.

BPCL has lost further ground after opening weak. The stock is now down nearly 1.5 per cent lower.

Mid-caps and small caps are also holding on to their early gains as there is no sign of weakness in the frontline stocks. The mid-cap index is still trading with gains of over 3 per cent. Market breadth on the NSE remains highly positive with around 8 stocks advancing for every declining stock.

Universal Cables, Jindal Saw, JP Associates, TNPL, Shriram City Union, Alembic, KEI, Bombay Rayon Fashions, Bilt and Kajaria Ceramics are among the other major mid-cap gainers.

Khaitan Limited, Shiva Texyarn, Mukta Arts, Eicher Motors and Solarex are the major mid-cap losers.



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30 June 01.10 PM: Sensex holding above 10500