labels: stock markets - india, markets - general

05 Dec 01.10 PM: Sensex up 103 points news
05 December 2006

Markets remain firm, helped by strong gains in Reliance Industries and select metal and technology stocks. Other Asian markets remain mostly firm while Europe has opened higher

Sensex is trading higher by 103 points at 13978 at 01.10 PM.

Nifty is now trading higher by 25 points at 4026.

Tata Steel has moved up further and is the best performer among index stocks, trading more than 2.5 per cent higher. Among other metals, Hindalco is trading more than 1.5 per cent higher

Reliance Industries has also gained further and is now trading well over 2 per cent higher

Among tech stocks, Infosys and HCL Tech are trading with gains of nearly 1.5 per cent each

Reliance Energy has added another 1.5 per cent after yesterday's nearly 3 per cent rally

Glaxo is holding on to gains of well over 2 per cent

Jet Airways has come off its highs and is trading over 2 per cent higher

Reliance Communications and L&T are the other major gainers.

Zee Tele has slipped further and remains the worst performer among index stocks, with losses of well over 2 per cent

Tata Power has corrected nearly 1.5 per cent after yesterday's gains

Suzlon has shed close to 1.5 per cent while Siemens is down more than 0.5 per cent

PNB has lost further ground after a weak opening and is down well over a per cent. HDFC continues to trade nearly a per cent lower.

Among pharma stocks, Cipla is down close to a per cent and Sun Pharma has lost over 0.5 per cent

Gail India and Bajaj Auto are the other major losers

Mid-caps and small caps are also holding on to early gains. The NSE mid-cap index is now trading with gains of 0.55 per cent. BSE mid-cap continues to trade 0.65 per cent higher and the small-cap index is trading with gains of nearly 0.85 per cent. Market breadth on the NSE remains positive with more than 1.5 stocks advancing for every declining stock.

Malu Paper is locked in the 20 per cent upper circuit. Flex Industries remains locked in the 10 per cent upper circuit. NRC, Pearl Global, Sterling Tools and Lakshmi Precision are also locked in 10 per cent circuits.

Media Video, IVP, HOV Services and GTL Infra are among the major mid-cap gainers.

Today's Writing, Suryajyoti Spinning, Aban Offshore, Jagran Prakashan, Pioneer Embroideries, Vindhya Tele, Simbhaoli Sugar and RK Forge are the major mid-cap losers.

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05 Dec 01.10 PM: Sensex up 103 points