labels: markets - general
Market update: Sensex holding 250 points higher news
13 April 2007


Indices are holding on to their early gains as technology stocks remain firm. Select banking and auto stocks have moved up further, providing strength to the indices. Most other Asian markets remain weak while Europe has opened higher

Sensex is trading higher by 250 points at 13364 at 12.50 PM.

Nifty is now trading higher by 74 points at 3904

Technology stocks are holding on to their early gains. Satyam remains the best performing Nifty stock with gains of more than 5.5 per cent

HCL Tech has added close to 5.5 per cent while Wipro has added nearly 4 per cent. TCSis now trading 3.5 per cent higher

Infosys has come off its highs and is now trading nearly 2.5 per cent higher

PNB has rallied more than 4 per cent while SBI is trading over 3.5 per cent higher

Bajaj Auto has resumed its up trend and has added more than 3.5 per cent while M&M has gained nearly 3 per cent

Zee Entertainment is trading nearly 3.5 per cent higher

Suzlon Energy is the other major gainer, trading nearly 3 per cent higher

Nalco is the worst performer among Nifty stocks with losses of nearly a per cent

Gail India and HPCL continue to trade with modest losses while Reliance Energy has declined marginally

Mid-caps and small caps are also holding on to their gains. The NSE mid-cap index is now trading with gains of over 1.5 per cent. BSE mid-cap index is trading with gains of more than 1.1 per cent and the BSE small-cap index has added 1.25 per cent.

ICRA, the second largest domestic credit rating agency which got listed on the exchanges today, has gained further. Issued at Rs330 per share, the stock is now trading at Rs665

Orbit Corporation, which got listed on the exchanges yesterday, remains locked in the 20 per cent upper circuit while Pudumjee Pulp is locked in 10 per cent upper circuit for the second day.

Bindal Agro, TCI, Infomedia India, GKW, McNally Bharat, Onward Technologies and Geometric Software are the other major mid-cap gainers.

Shah Alloys is locked in 10 per cent down circuit

Dynamatics Technologies, Khaitan Electricals, PTL Industries, HBL Power, Nippo Battery, Uttam Sugar and JMT Auto are the other major mid-cap losers.


also see : Other reports by Rex Mathew
Other reports by Rex Mathew

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Market update: Sensex holding 250 points higher