Helped by strong gains across global markets, domestic
indices have rallied ahead in early trades. The Sensex
has moved past 13200 quite comfortably and both frontline
indices are trading with gains of over 2 per cent each.
All Asian indices are trading with good gains.
Sensex opened at 13072 and touched a high of 13240. The
index is trading higher by 271 points at 13217 at 11.10
opened at 3765 and saw a high of 3854. The index is now
trading higher by 85 points at 3849.
is the best performer among index stocks on unconfirmed
media reports that the government has finalised a plan
to sell part of the surplus real estate holdings of the
company. The stock is now trading more than 6.5 per cent
other telecom stocks, Reliance Communications has added
2.5 per cent and Bharti is up 2 per cent.
banking stocks are continuing the surge from yesterday.
PNB has rallied close to 5.5 per cent while OBC has added
more than 3.5 per cent. HDFC Bank has gained nearly 3.5
per cent while ICICI Bank is trading 2.5 per cent higher.
has resumed its up trend and has gained close to 3.5 per
cent. Reliance Industries has gained over 1.5 per cent.
is leading the engineering pack with gains of close to
6 per cent. L&T has gained close to 3.5 per cent.
stocks have extended their gains from yesterday. Dabur
has added more than 4 per cent while HLL is up nearly
3.5 per cent. ITC has added more than 2.5 per cent.
is the other major gainer with gains of over 3.5 per cent.
are only two losers among index stocks. Glaxo is down
0.5 per cent while Nalco has lost modestly.
and small caps are also continuing their rally. The NSE
mid-cap index is now trading with gains of 1.35 per cent.
BSE mid-cap index is trading with gains of close to 1.25
per cent and the BSE small-cap index has added 1.5 per
cent. Market breadth on the NSE is highly positive in
Industries, LT Overseas, Shrenuj Diamonds, Somany Ceramics,
Sathavahana Ispat, Uniply and DCB are the major mid-cap
Industries, Atlanta, Max India, and AI Champdany are all
locked in 5 per cent down circuits.
Limuited, Wartslia, La Opala and Heritage Foods are the
other major mid-cap losers.