Indices have shed part of their early gains, mostly because
of a decline in select frontline technology and FMCG stocks.
Other Asian markets are holding on to gains while Europe
has opened lower.
is trading higher by 66 points at 12711 at 01.50 PM.
is now trading higher by 18 points at 3697.
has soared after a firm start and is the best performer
among index stocks with gains of nearly 6.5 per cent.
Airways has also rallied further and is now trading more
than 6 per cent higher.
Bank continues to lead the banking stocks with gains of
nearly 3.5 per cent. OBC is now trading well over 2.5
per cent higher.
cement stocks, Grasim has added close to 3.5 per cent
while Gujarat Ambuja Cements is trading nearly 3 per cent
oil marketing stocks, BPCL has added 3 per cent while
HPCL is trading over 2.5 per cent higher. Gail India is
now trading more than 2.5 per cent higher.
Energy is the other major gainer, trading over 3 per cent
technology stocks are under pressure. Infosys has lost
nearly 1.5 per cent while HCL Tech and TCS are down close
to a per cent each.
FMCG stocks, Dabur has lost close to 1.5 per cent and
ITC has slipped well over a per cent.
Honda and Bajaj Auto have lost over a per cent each.
Power is the worst performer among index stocks with losses
of well over 1.5 per cent.
other major losers, Tata Steel and BHEL have lost close
to a per cent each.
and small caps have also come off their early highs. The
NSE mid-cap index is now trading with gains of over 1.1
per cent. BSE mid-cap index is trading with gains of over
0.75 per cent and the BSE small-cap index is trading 0.65
per cent higher. Market breadth on the NSE remains positive
in early afternoon trades.
tea plantation stocks, Jayshree Tea is holding on to gains
of over 11.5 per cent.
Metplast, which listed yesterday, is holding on to gains
of over 9 per cent.
RPG Transmission, Educomp and Elder Pharma are the other
major mid-cap gainers.
Poly Technik, which had a weak listing on the exchanges
today, is now trading at Rs105 against an issue price
Industries, Zenith Exports, Oriental Trimex, Wheels India,
Orient Hotels, Punjab Chemicals and Dolphin Offshore are
the other major mid-cap losers.