could not repeat its magic during the third quarter as
the appreciation of the rupee took its toll and the markets
are obviously disappointed. The indices opened lower,
but recovered soon after and rallied ahead. They have
slipped again and have shed most of their gains. Other
Asian markets are mixed with a negative bias in morning
trades, despite the positive closing by US indices yesterday.
Sensex opened at 13331, touched a low of 13303 and pulled
back to a high of 13477. The index is trading lower by
7 points at 13355 at 11.10 AM.
opened at 3852 and touched a low of 3834 before recovering
to a high of 3886. The index is now trading higher by
3 points at 3853.
started the session with losses of nearly 4 per cent before
recovering almost all the losses. The stock has slipped
again and is now trading over 2.5 per cent lower
remains under pressure and has lost more than a per cent
while Gail India has lost nearly 2 per cent
remains under pressure and has shed close to 2.5 per cent
and Siemens have lost around 1.5 per cent each while ABB
is down nearly a per cent
Entertainment has lost more than a per cent
and Glaxo are the other major losers
metal stocks are doing well and SAIL is the best performer
among index stocks with gains of over 2.5 per cent. Nalco
has gained nearly 2.5 per cent
techs, both Satyam and Wipro are trading with gains of
well over 2 per cent each
oil prices are helping oil marketing stocks. HPCL has
added nearly 2 per cent while BPCL and Indian Oil are
trading nearly 1.5 per cent each higher
crude oil has also helped Jet Airways to gain more than
2 per cent
and Gujarat Ambuja Cements are the other major index gainers,
trading nearly 1.5 per cent each
News, the de-merged television news business of Zee Tele
which listed yesterday, is trading nearly 2 per cent higher
from yesterday's close.
and Wireless, the de-merged cable distribution and DTH
business of Zee Tele which listed yesterday, has gained
10 per cent in early trades.
and small caps attempted a recovery in opening trades
but have shed part of their gains. The NSE mid-cap index
is now trading with losses of over 0.2 per cent. BSE mid-cap
index has added close to 0.1 per cent and the BSE small-cap
index is trading with gains of nearly 0.3 per cent. Market
breadth on the NSE is positive in early trades with nearly
1.5 stocks advancing for every declining stock.
stocks are doing well on reports that the government may
consider lifting the export ban. Rana Sugars has added
more than 6 per cent
Industries is locked in 10 per cent upper circuit
Ashtavinayak Cine Vision, which got listed yesterday,
has gained another 5 per cent in early trades.
Industries, Munjal Auto, KRBL, Bluestar, Shyam Tele and
Spinning are among the major mid-cap gainers.
Limited, NRC, Jaicorp, HB Stock, Nissan Copper, MGF, Onward
Technologies and India Motor Parts are the major mid-cap