Markets have recovered considerably, helped by the up
move in Reliance Industries and select other stocks in
oil and gas and cement sectors. Asian markets continue
to trade weak and Europe has opened lower.
is trading lower by 14 points at 11393 at 01.10 PM.
is now trading lower by 2 points at 3334.
which were weak in morning trades continue to be so, though
the stocks have come off their lows. ABB is the worst
performer among index stocks, trading 1.5 per cent lower.
other engineering stocks, Suzlon is down more than a per
cent while L&T and BHEL are trading with losses of
nearly a per cent each.
Bank is the worst performer among banking stocks, down
more than a per cent. HDFC Bank and HDFC are trading nearly
a per cent each lower
has lost ground in early afternoon trades and is now down
nearly a per cent.
early losers like Grasim and SAIL also continue to trade
with losses of over a per cent each.
Industries has made a smart recovery and is now trading
nearly 1.5 per cent higher.
India has gained more than 2 per cent on reports that
the government would raise the selling price of natural
gas. BPCL is holding on to its gains of over a per cent.
is the best performer among index stocks, trading more
than 3 per cent.
has made a good move and is now trading more than 2 per
cement stocks have also gained ground, led by Gujarat
Ambuja which has added close to 2 per cent. ACC is trading
more than 0.5 per cent higher.
Tele is another mover and is trading nearly 2 per cent
like Tata Tea and Hero Honda are holding on to gains of
around a per cent each.
and small caps have recovered much of the lost ground.
The NSE mid-cap index is now trading with losses of over
0.2 per cent. BSE mid-cap index is trading more than 0.15
per cent and the small-cap index is trading close to 0.1
per cent lower. Market breadth on the NSE continues to
be negative with more than 1.5 stocks declining for every
Fasteners, which announced a bonus issue yesterday, has
added 7.5 per cent. Malu Paper, the best performer in
morning trades, is trading 6 per cent higher.
HMT, Entertainment Networks, Lumax Industries, Mid-Day,
Allsec, Hitech Gear and Indraprastha Medico are among
the major mid-cap gainers.
stocks have recovered but Mahindra Gesco has slipped again
and is trading with losses of nearly 5.5 per cent.
Fedders Lloyd, Shiv-Vani Oil, Lumax Auto and FACT are
the major mid-cap losers.