After slipping modestly into the red, frontline indices
have recovered and inched back into positive territory.
Asian markets continue to be mixed while Europe is modestly
weak in early trades.
Sensex is trading higher by 3 points at 11575 at 01.10
is now trading higher by just one point at 3387.
Mahindra, which listed on the NSE at Rs521 as against
an issue price of Rs365 per share, is holding on to its
gains of over 51 per cent. The stock is currently trading
of oil marketing companies continue to trade with significant
gains, though they have come off their early highs. HPCL
is now trading more than 3.5 per cent higher and BPCL
is up nearly 3 per cent.
stocks have gained ground in early afternoon trades. While
Hindalco is holding on to gains of over 1.5 per cent,
Nalco has added over a per cent. SAIL is now trading nearly
1.5 per cent higher.
has gained strength and is now trading nearly 2 per cent
higher. ABB is now up by over a per cent.
other gainers, Ranbaxy and Tata Power are holding on to
gains of around 1.5 per cent each while Tata Tea has added
nearly 1.5 per cent higher.
stocks remain weak in afternoon trades as well. Dr Reddy's
continues to be the worst performer, with losses of nearly
3.5 per cent. Cipla is down 2 per cent while Sun Pharma
and Glaxo continue to trade with losses of around a per
India has lost further ground and is now down nearly 2
Tele has also declined further from its morning levels
and has shed well over a per cent.
continues to trade with losses of over a per cent.
Bajaj Auto and Bharti Airtel are all trading with losses
of over 0.5 per cent each.
and small caps are holding on to their gains. The NSE
mid-cap index is now trading with gains of nearly 0.5
per cent. BSE mid-cap index is trading nearly 0.6 per
cent higher and small-cap index is trading more than 0.6
per cent higher. Market breadth on the NSE remains positive
with more than 1.5 stocks advancing for every declining
mid-cap technology stocks are doing well after the excellent
listing of Tech Mahindra. FCS Soft, Aurionpro, R Systems
and Saksoft are all trading with gains of around 10 per
Extrusiontechnik, Granules India, Pioneer Embroideries,
McLeod Russell and Godavari Power & Ispat are among
the major mid-cap gainers.
Gems, GKW, Igarashi Motors, India Infoline, Educomp and
Magma Leasing are the major mid-cap losers.