Markets opened with decent gains, but declined within
minutes and the indices slipped into the red for a brief
period. They have recovered and are trading with modest
gains. Major Asian markets are seeing mild profit booking
after yesterday's rally.
opened at 12391 and saw a high of 12434. The index is
trading higher by 12 points at 12402 at 11.10 AM.
opened at 3565 and touched a high of 3584. The index is
now trading higher by 9 points at 3574.
has surged on the back of significant gains in its ADR
prices yesterday. The stock is trading more than 9 per
cent higher and is the best performer among index stocks.
other telecom stocks, MTNL has gained over 1.5 per cent.
stocks are continuing the up trend led by SAIL and Hindalco,
which have gained over 2.5 per cent each.
Steel has gained another 1.5 per cent on sustained media
reports about the Corus bid.
engineering stocks, Siemens has added 2.5 per cent while
BHEL is up over 1.5 per cent.
is continuing the rally with gains of nearly 1.5 per cent.
other gainers, Gujarat Ambuja Cement has gained close
to 1.5 per cent and Tata Power has added more than a per
of the major gainers from yesterday have corrected in
early trades. OBC is the worst performer among index stocks,
trading more than a per cent lower. HDFC has also lost
more than a per cent.
stocks ITC and HLL have both lost more than 0.5 per cent
tech stocks, Wipro and Satyam have shed more than 0.5
per cent each.
stocks are under pressure and Tata Motors and Bajaj Auto
have lost over 0.5 per cent each.
other major losers, Glaxo has given up nearly a per cent
and Grasim is down nearly 0.5 per cent.
and small caps are continuing the strong rally from yesterday,
despite the modest gains in large caps. There is no let
up in momentum as most of yesterday's major gainers have
NSE mid-cap index is now trading with gains of over 0.45
per cent. BSE mid-cap index has added close to 0.8 per
cent and the small-cap index has gained over a per cent.
Market breadth on the NSE is very positive with nearly
three stocks advancing for every declining stock.
Offshore, Anasal Housing and McNally Bharat, which were
listed on the NSE today, are attracting very good buying
interest. All the stocks were listed on the BSE.
Agro, Heritage Foods, Madhucon Projects, India Motor Parts
and Archies are among the major mid-cap gainers.
Newsprint continues to be weak and has lost close to 7
Dabur Pharma, IFB Industries, Navneet Publications, Bajaj
Hindustan and Educomp are the major mid-cap losers.