the uptrend over the last seven sessions, the markets
opened with gains and the indices went on to touch new
lifetime highs. Early gains in Reliance Industries helped
the markets, but the stock declined later. Selling pressure
emerged in sectors like metals which pulled down the indices.
Sensex opened at 12488 and touched a new lifetime high
of 12545. The index is trading lower by 59 points at 12404
at 11.10 AM.
Nifty opened at 3695, touched a new lifetime high of 3711
and is trading lower by 22 points at 3671.
marketing stocks are under pressure after the government
said today's cabinet meeting would not consider retail
fuel price hike. BPCL is the biggest loser among index
stocks with losses of nearly 3 per cent.
Oil is trading nearly a per cent lower while HPCL has
lost over 0.5 per cent.
Industries is facing modest selling pressure after many
sessions of substantial gains. The stock is trading more
than 0.5 per cent lower.
stocks are under pressure today. SAIL and Hindalco have
given up over a per cent each while Tata Steel is trading
nearly 1.5 per cent lower.
has given up nearly 2 per cent despite reports of the
company acquiring an internet service provider.
pharma stocks are under pressure in early trades. Dr.
Reddy's has lost nearly 2 per cent while Sun Pharma is
continuing its down trend for the third session with losses
of more than 1.5 per cent.
has given up close to 1.5 per cent as its April subscriber
additions were lower than that for March.
HLL and IPCL are among the other losers.
Auto is the best performer among index stocks, having
gained nearly 2 per cent.
stocks are maintaining the uptrend from yesterday. Gujarat
Ambuja Cements and ACC have added over 0.5 per cent each
while Grasim is trading nearly 0.5 per cent higher.
has added another 0.5 per cent after yesterday's 4 per
cent surge. Satyam Computers is also continuing the firm
trend with gains of nearly a per cent.
is trading with modest gains on reports that the company
has received an NLD license.
Energy, PNB and Tata Power are the other gainers.
are also facing selling pressure after opening firm. The
index is trading with losses of around 0.5 per cent. Market
breadth on the NSE is negative in early trades with around
1.5 stocks advancing for every advancing stock.
Ispat got listed on the exchanges today. Issued at Rs25,
the stock opened at Rs31 on the NSE and saw a high of
Rs39.4. The stock is now trading at Rs38.1
Sterling Tools and Taj GVK are among the major gainers
Textiles, GMR Industries, and Malwa Cotton are among the