High volatility early in the morning continued for the
fourth day today. Indices maintained the momentum from
yesterday and opened with gains before declining sharply.
However, markets have recovered on buying in select heavyweights.
opened at 10831 and declined to 10623 before recovering.
The index is trading higher by 30 points at 10852 at 11.10
opened at 3204, declined to a low of 3129 before recovering
and bouncing back to 3200. The index is trading flat at
stocks are once again in the forefront as international
metal prices are firm in Asian trades, though pre-opening
trades in London are pointing towards a subdued trend.
is the biggest gainer among index stocks, trading more
than 5.5 per cent higher. Hindalco has added nearly 5
steel stocks, SAIL is continuing the uptrend from yesterday
and has added another 3.5 per cent. The stock has bounced
back nearly 20 per cent in just two sessions. Tata Steel
is trading more than 1.5 per cent higher.
stocks have made a come back in early trades, led by ICICI
Bank. The stock is trading nearly 4.5 per cent higher.
PNB has also added close to 4.5 per cent while SBI is
trading nearly a per cent higher.
is the big winner among FMCG stocks, trading more than
4 per cent higher. ITC has gained nearly 1.5 per cent
while HLL is trading nearly a per cent higher.
Select pharma stocks are doing well in early trades. Glaxo
has added more than 5 per cent while Cipla is trading
nearly 4.5 per cent higher.
SCI, Satyam Computers and VSNL are among the other gainers.
ONGC and Reliance Industries are under pressure in early
trades. ONGC has lost nearly 2.5 per cent while Reliance
Industries is trading almost 1.5 per cent lower.
Technologies is the biggest loser among index stocks,
trading more than 4 per cent lower. Among other technology
stocks, Wipro and TCS have lost over 1.5 per cent each.
has lost over 3 per cent while HDFC Bank has shed more
than 2.5 per cent.
utility stocks are also under pressure. Tata Power is
trading nearly 3 per cent lower while Reliance Energy
has given up over 1.5 per cent.
Zee Tele, L&T, Maruti and M&M are among the other
are doing much better than the frontline stocks as many
of the stocks, which had declined substantially in recent
days, are fining buyers. The index is now trading with
modest gains of around 1.5 per cent. Market breadth on
the NSE and is positive with more than 2 stocks advancing
for every declining stock.
stocks in the property sector are finding interest today.
Gesco has bounced back after losing nearly 50 per cent
in one week. Unitech is locked in 5 per cent upper circuit
on reports of a large property deal.
Textiles, TTK Prestige, Shiv-Vani Oil, Rajvir, Today's
Writing, Taj GVK and Manali Petro are among the gainers
Textiles, Adani Exports, GTC Industries and Vakrangee
Software are among the mid-cap losers.