Gains in banking stocks and a recovery in Reliance Industries
have helped the indices to recover all their losses. Asian
markets continue to trade weak and Europe has also opened
is trading higher by 9 points at 11473 at 01.10 PM.
is now trading lower by 2 points at 3354.
banking stocks have gained further from their early levels.
PNB has added close to 4 per cent and OBC is trading over
3 per cent higher. SBI has bounced back from early losses
and has now added almost a per cent.
Bank has picked up strength and is now trading more than
a per cent higher.
remains the best performer among index stocks, trading
more than 4.5 per cent higher. BPCL has added 0.5 per
Tech is holding on to its gains of nearly 2.5 per cent.
Infosys has gained further and is now trading more than
1.5 per cent higher.
is a major gainer in early afternoon trades and has added
more than 2 per cent.
Airways is holding on to gains of over 2 per cent. Among
other gainers, VSNL has added close to 2 per cent and
IPCL is up more than 1.5 per cent.
Industries has recovered from a weak start and has added
nearly 0.5 per cent.
continues to be the worst performer among index stocks,
trading more than 2 per cent lower.
of the other stocks, which were weak in morning trades,
continue to trade lower. Dabur and HDFC are still down
more than 1.5 per cent each which Hero Honda is trading
nearly 1.5 per cent lower.
metal stocks, SAIL is still down well over a per cent
while Tata Steel has recovered from its lows and is trading
close to a per cent lower.
Stocks, Dr. Reddy's and Ranbaxy have lost well over a
per cent each.
Tele, Reliance Energy and Siemens are the other major
losers, all trading with losses of well over a per cent
Infrastructure, new listing on the exchanges today, is
still holding above its issue price at Rs212.
and small caps have gained further, as the recovery in
large caps has improved the sentiment. The NSE mid-cap
index is now trading with gains of over 0.65 per cent.
BSE mid-cap index is trading close to 0.9 per cent higher
and small-cap index has added more than a per cent each.
Market breadth on the NSE remains positive with nearly
1.5 stocks advancing for every declining stock.
Deccan, Tips Industries, Rana Sugar, Hikal, Kernex Micro,
Ramkrishna Forge, Flex Indsutries, Ramco Systems and Geodesic
are among the major mid-cap gainers.
Cinema, Eurotex, IndusInd Bank, Bharat Gears and SB&T
International are the major mid-cap losers.