Indices have come off their mid-morning highs as heavyweights
like ONGC and Reliance and some of the auto and aluminium
stocks have given up part of their gains in early afternoon
is trading higher by 297 points at 10963 at 01.10 PM.
is trading higher by 72 points at 3250.
stocks are very firm in early afternoon trades as Tata
Steel has built on its early gains. News of a merger proposal
between Arcelor and a Russian company at very high valuations
has provided a further boost to the steel stocks.
is now the biggest gainer among index stocks, trading
nearly 7 per cent higher. Tata Steel has also added nearly
6.5 per cent.
stocks have come off their early highs. Nalco is trading
more than 4 per cent higher while Hindalco is up by just
over 1.5 per cent. Copper maker Sterlite is holding on
to its gains of over 5 per cent.
has also rallied ahead and is now trading nearly 6 per
cent higher. HDFC Bank and ICICI Bank have added over
1.5 per cent each while SBI is trading over 2 per cent
the heavyweights, Reliance and ONGC have slipped from
their highs. Reliance is now trading 2.5 per cent higher
while ONGC is up by only 0.5 per cent.
and Gail are among the other gainers in the oil and gas
sector, trading more than 4 per cent each higher.
stocks have also come off their highs. L&T is now
trading with gains of close to 5 per cent.
is trading more than 4 per cent higher while Satyam has
given up part of its gains and is trading only over a
per cent higher. TCS and Wipro are trading with modest
which is due to announce results today, is trading 3 per
cent higher while HLL is also up by over 3 per cent. Tata
Tea is the best performer in the FMCG sector, trading
5 per cent higher.
Auto has surged ahead and is now trading nearly 5.5 per
cent higher. Hero Honda has added over 4 per cent.
and MTNL are the other major gainers.
number of losers on the Nifty has gone up to 5. Sun Pharma
is still down by nearly 2.5 per cent.
Power, Bharti, Maruti and HCL Technologies are the other
have also come off their highs marginally. The mid-cap
index is now trading with gains of around 3 per cent.
Market breadth on the NSE continues to be extremely positive
with more than 8 stocks advancing for every declining
Textiles, Mahindra Ugine, Gujarat NRE Coke, IndiaBulls,
Prime Securities and Karnataka Bank are among the gainers
Infrastructure, DS Kulkarni and Indo-Rama Textiles are
among the mid-cap losers.