started the day on a very firm note as the Sensex surged
more than 100 points in opening trades. However, the frontline
indices have given up half of their gains as some of the
major Asian markets have given up all their early gains.
opened at 10814 and surged to a high of 10888. The index
is trading higher by 64 points at 10832 at 11.10 AM.
opened at 3158 and touched a high of 3193. The index is
trading higher by 20 points at 3177.
Technologies is the biggest gainer among Nifty stocks
on unconfirmed media reports that the company is close
to bagging a large outsourcing deal. The deal is reportedly
worth more than $700 million and would be largest ever
won by an Indian IT company. The stock is trading more
than 3.5 per cent higher.
Computers has partly recovered from yesterday's decline
and has gained over a per cent. Infosys and TCS have gained
nearly a per cent each.
Tea has gained 3.5 per cent on the back of the strong
rally in Tata Coffee in recent sessions. Tata Tea holds
a majority stake in Tata Coffee.
stocks have bounced back from yesterday's correction.
BHEL is up more than 2 per cent while L&T and Siemens
have added more than a per cent each.
has gained over 1.5 per cent and is supporting the indices
other major gainers, Hindalco has gained nearly 1.5 per
cent while Gujarat Ambuja Cement and Maruti have gained
over a per cent each.
Airways is the biggest loser among index stocks and has
sunk to a new 52-week low in early trades. The stock is
trading more than 2 per cent lower.
pharma stocks are weak, led by Sun Pharma which is down
nearly a per cent. Ranbaxy has lost more than 0.5 per
marketing stocks are weak as crude oil prices remain in
an up trend. BPCL has lost almost a per cent and HPCL
is down almost 0.5 per cent.
Industries is under modest selling pressure after gaining
2 per cent yesterday.
banking stocks are also weak in early trades. HDFC Bank
and PNB are down around 0.5 per cent each
other losers, Bharti and Nalco are down nearly a per cent
and small caps also opened on a strong note and, unlike
large caps, are holding on to their gains. Many of the
popular and news driven mid-caps continue to attract considerable
mid-cap index is now trading with gains of nearly a per
cent. Market breadth on the NSE is positive in early trades
with nearly 3 stocks advancing for every declining stock.
Centum, Tata Coffee, Saregama India, Shivalik Global,
Jindal Photo, Bharti Shipyard and Magma Leasing are among
the major mid-cap gainers.
India, Suven Life and Gateway Distriparks are the major