Indices opened with modest gains before slipping, but
recovered soon after. Asian markets are mostly negative
on fresh concerns of a US slowdown.
opened at 12474 and saw a high of 12480. The index is
trading higher by 10 points at 12465 at 11.10 AM.
opened at 3589 and touched a high of 3606. The index is
now trading higher by 7 points at 3596.
Energy is the best performer among index stocks, with
gains of over 3.5 per cent.
telecom stocks, Reliance Communications has gained nearly
2 per cent and VSNL has added more than 1.5 per cent.
auto stocks are doing well in early trades. M&M has
gained close to 2 per cent while Bajaj Auto has gained
nearly 1.5 per cent.
Bank has recovered from Friday's correction and has added
nearly a per cent.
is the best performer among metals, trading more than
1.5 per cent higher.
has added 1.5 per cent after last week's correction.
and Dabur are the other major gainers among index stocks.
stocks are under pressure in early trades, led by Cipla
which is down more than 1.5 per cent. Cipla has lost nearly
1.5 per cent and Dr. Reddy's is down nearly a per cent.
is the worst performer among index stocks, down more than
1.5 per cent.
has corrected more than 1.5 per cent after last week's
tech stocks, Infosys has lost more than a per cent and
Wipro has slipped close to a per cent.
Power has shed close to a per cent after last week's rally.
has lost close to 0.5 per cent while BHEL is down modestly.
and small caps are maintaining the up trend and are outperforming
the large caps by a wide margin. Momentum continues to
be very strong though there is selective profit booking
in sectors like sugar.
NSE mid-cap index is now trading with gains of 0.6 per
cent. BSE mid-cap index has added over 0.5 per cent and
the small-cap index has gained nearly 0.75 per cent. Market
breadth on the NSE is positive with more than 2 stocks
advancing for every declining stock.
Soft has added more than 7.5 per cent after the announcement
of its merger with Megasoft.
Newsprint is continuing the rally and has added close
to 20 per cent.
Exports, Maharashtra Scooters, Shree Precoated Steel,
Numeric Power, FAG Bearing and Sesa Goa are among the
major mid-cap gainers.
stocks are under pressure after last week's rally. Dharani
Sugar and Dhampur are the major gainers.
Limited, IVP, Nilkamal, IFB Industries and Kanoria Chemicals
are the major mid-cap losers.