Markets have come under pressure after the firm opening
and the indices have lost part of their gains. While techs
and heavies like ONGC have lost ground, auto stocks and
engineering stocks are holding firm. Other Asian markets
remain mixed while Europe has opened substantially lower.
is trading higher by 23 points at 13868 at 01.10 PM.
is now trading higher by 6 points at 4003.
stocks have gained further in afternoon trades. Tata Motors
continues to lead the sector with gains of over 4 per
cent. M&M has gained over 1.5 per cent while Maruti
is trading close to 1.5 per cent higher.
has made a major up move and is the best performer with
gains of well over 4 per cent.
stocks are holding on to gains, led by ABB, which is up
nearly 3.5 per cent. L&T is trading nearly 2 per cent
utility companies Tata Power and Reliance Energy have
gained around 3 per cent each.
has bounced back from a weak opening and is trading 1.5
per cent higher.
and PNB are the other major gainers.
stocks have slipped further. Satyam remains the worst
performer, with lows of nearly 3 per cent. Wipro and HCL
Tech are down nearly 2 per cent each.
Bank is under pressure and has shed more than 2 per cent
while HDFC remains weak by more than a per cent.
Airways remain under pressure and is down nearly 2.5 per
is seeing some weakness and has lost more than 0.5 per
Honda, Zee Tele and Cipla are the other losers.
and small caps have also given up part of their gains.
The NSE mid-cap index is now trading with gains of over
0.2 per cent. BSE mid-cap is trading over 0.8 per cent
higher and the small-cap index is trading with gains of
0.8 per cent. Market breadth on the NSE remains positive
with nearly 1.5 stocks advancing for every declining stock.
Industries has gained further and is now trading with
gains of nearly 16.5 per cent. Pioneer Embroideries, Pearl
Global and Lakshmi Precision are locked in 10 per cent
Components, Media Video, Global Vectra, Torrent Pharma,
FACT, and Rajesh Exports are among the major mid-cap gainers.
Developers, which had a very good listing last week, has
corrected and is trading over 4 per cent lower.
is another prominent mid-cap loser, down more than 4 per
Tele, Gati, R Systems, BIL, Bal Pharma, Cambridge Solutions,
Lanxess ABS and SPL Limited are the major mid-cap losers.