Sustained strength across Asia and a firm opening by Europe
has helped the Indian indices to remain firm at around
the day's highs in early afternoon trades. Stocks in the
banking, engineering, auto and oil sectors continue to
lead the markets.
Sensex index is trading higher by 347 points at 10355
at 01.10 PM.
is trading higher by 90 points at 3023.
stocks continue to blaze away in early afternoon trades
as well. The possible end to interest rate hikes would
help banks to sustain growth rates and retain current
levels of profitability.
is the biggest gainer among index stocks, trading 6.5
per cent higher. PNB has added over 5 per cent and SBI
is trading close to 5 per cent higher.
private sector banks, HDFC Bank is up nearly 5.5 per cent
and ICICI Bank is trading almost 5 per cent higher. Kotak
Mahindra is trading 8 per cent higher following good quarterly
has rallied in early afternoon trades and is trading more
than 6 per cent higher.
has gained further and has now added close to 5.5 per
cent. ITC has added 3.5 per cent and HLL is trading 2.5
per cent higher.
auto stocks, Tata Motors is holding on to its gains of
over 5 per cent and Bajaj Auto is trading 5 per cent higher.
M&M is trading higher by over 4.5 per cent while Maruti
is up over 2.5 per cent.
continues to lead the oil stocks, with gains of 5.5 per
cent. BPCL has added over 4.5 per cent.
Industries is trading very close Rs1,000 with gains of
over 1.5 per cent. ONGC has also added 1.5 per cent.
and small stocks have gained further in early afternoon
trades. The NSE mid-cap index is now trading with gains
of nearly 2.35 per cent. BSE mid-cap has gained 1.37 per
cent and the small-cap index is trading with gains of
1.02 per cent. Market breadth on the NSE remains very
positive with 2.5 stocks advancing for every declining
of the larger mid-caps which rallied in early trades are
to their gains. Bajaj Hindustan is still trading higher
by 12.5 per cent while IndiaBulls is up 9 per cent. Sesa
Goa has added over 7 per cent.
Prime Securities, S Kumar's and J&K Bank are among
the major mid-cap gainers.
Leasing, BIL, Mid-Day and Unitech are the major mid-cap