Under arrangement with Thomas White International,
a leading independent global equity research provider
and a member of Best Independent Research - a consortium
of best performing independent research firms.
once again by gains in large-cap technology stocks, frontline
Indian indexes are continuing their rally from the previous
week and have added more than 1.5 per cent each in morning
trading. Markets across Asia are trading with strong gains
in early afternoon trading, led by Japan, which has added
nearly 2 per cent.
opened at 13479 and touched a high of 13618. The index
is trading higher by 217 points at 13601 at 11.10 AM IST.
opened at 3921 and saw a high of 3991. The index is now
trading higher by 67 points at 3984.
stocks continue to do very well as traders and investors
have turned very positive on the sector, following upbeat
guidance from Infosys Technologies last Friday. TCS is
due to announce its first quarter and annual results today,
while others like Wipro and Satyam would follow over the
next few days.
has rallied over 3 per cent while TCS has added nearly
2.5 per cent. Satyam is trading over 2 per cent higher
while Infosys has added close to 1.5 per cent. HCL Technologies
has gained over a per cent.
Energy has surged ahead in early trading and is the best
performing Nifty stock with gains of over 7.5 per cent.
stocks are also sustaining the up trend from last week.
Gujarat Ambuja, Grasim and ACC have all gained over 2.5
per cent each.
Entertainment has resumed its rally with gains of nearly
3 per cent.
is also continuing the firm trend with gains of over 2.5
is the other major gainer, trading over 2 per cent higher.
are no losers among Nifty stocks.
and small caps have also extended their gains from last
week. The NSE mid-cap index is now trading with gains
of 1.3 per cent. BSE mid-cap index is trading with gains
of over 1.2 per cent and the BSE small-cap index has added
1.35 per cent.
technology stocks are doing well, in line with their large-cap
peers. Polaris, Patni Computer, Tech Mahindra and i-Flex
are all trading with good gains.
which had a spectacular listing on Friday, has rallied
another 14 per cent today and is trading at Rs915 per
share. The stock was issued at Rs330 per share in the
Sriram Consolidated is locked in 10 per cent upper circuit.
India, Godrej Industries, Saksoft, SIL and Great Offshore
are the other major gainers among mid-caps and small caps.
Aviation has corrected over 4.5 per cent after surging
more than 20 per cent last week.
sugar stocks remain under pressure. Thiru Arooran Sugar,
Ponni Sugar and Uttam Sugar have all lost ground.
Power, Logix Micro, Sutlej Industries, Sundaram Brake
Linings and Shiv Texyarn are the other major losers among
mid-caps and small-caps.
White International may have recommended some
of the stocks specifically mentioned in this report to
our clients. Lord Asset Management Trust,
our mutual fund management associate, and our asset management
division may also have positions in some of the stocks
specifically mentioned in this report. As a policy, employees
of Thomas White International are not allowed
to invest or trade in common stocks and common stock derivatives.
This report is only for the purpose of information and
is not an investment advice. Readers are advised to consult
a certified financial advisor before taking any investment
decisions. While efforts have been made to ensure the
accuracy of the information provided in the content, the
author or publisher shall not be held responsible for
any loss caused to any person whatsoever.