started firm but lost all their gains within minutes before
recovering and moving higher. They slipped again as metal
stocks are under severe pressure and are now trading with
modest gains. Other Asian markets are mixed in early trades.
opened at 14432 and touched a new lifetime high of 14467.
The index is trading higher by 33 points at 14437 at 11.10
opened at 4193 and touched an all-time high of 4204. The
index is now trading higher by 8 points at 4191.
metal stocks are under heavy pressure in early trades
following the decline in international metal prices. The
decline in metal prices came after reports that a leading
hedge fund with heavy exposure to metals is facing financial
difficulties. Hindalco is the worst performer among index
stocks, trading more than 4.5 per cent lower. Nalco has
lost over 1.5 per cent.
manufacturer Sterlite has slipped 7.5 per cent and Hindustan
Zinc is down 5 per cent.
is continuing the down trend and has lost more than 2.5
up trend in oil prices has pulled down oil marketing stocks
further. HPCL has slipped 2 per cent while BPCL is down
nearly a per cent.
oil prices have pulled down Jet Airways by more than 1.5
Motors has lost nearly 1.5 per cent after last week's
tech stocks, Wipro is down more than 1.5 per cent and
HCL Tech has slipped over a per cent.
and L&T are the other major losers among index stocks.
stocks continue to rally ahead in early trades. Bharti
has added another 2.5 per cent taking its market cap close
to Rs1.5-lakh crore. Reliance Communications is trading
nearly 1.5 per cent.
is continuing the recovery from Friday and has added close
to 1.5 per cent. BHEL has added close to 0.5 per cent.
Energy has gained over a per cent on unconfirmed reports
of a possible bid for some energy assets overseas. Tata
Power has added over 0.5 per cent.
banks, SBI and ICICI Bank have added around 0.5 per cent
each. HDFC is trading well over a per cent higher.
is the other major gainer with gains of over a per cent.
also started the day on a firm note but have shed most
of their gains while small caps are doing well. The NSE
mid-cap index is now trading with losses of close to 0.15
per cent. BSE mid-cap index has gained close to 0.05 per
cent and the BSE small-cap index is trading with gains
of nearly 0.6 per cent. Market breadth on the NSE is marginally
positive in early trades.
of the recent listings have rallied in early trades. Lumax
Autotech has surged nearly 14 per cent while Autoline
Industries is trading with gains of close to 12.5 per
cent. Bluebird has gained 11.5 per cent and XL Telecom
has added 10.5 per cent.
Telecom is locked in the 10 per cent upper circuit.
Tele has gained close to 10 per cent on unconfirmed reports
of a tie-up with Star TV.
Drilling, VLS Finance, Repro India and TVS Electronics
are among the major mid-cap gainers.
Micro, Surya Roshni, Nissan Copper, Datatmatics Technologies,
Morepen Lab and Rohit Ferro are the major mid-cap losers.