Markets have rallied further after recovering from early
jitters, helped mostly by the surge in technology stocks.
Reliance Industries and select engineering stocks are
also supporting the up trend.
is trading higher by 162 points at 10777 at 01.10 PM.
is trading higher by 40 points at 3156.
has rallied further from its strong opening. The stock
is now trading more than 7 per cent higher and is the
biggest gainer among index stocks.
technology stocks have also gained further ground, led
by HCL Technologies which is trading nearly 6 per cent
higher. TCS has surged nearly 5 per cent while Satyam
and Wipro have gained around 3 per cent each.
heavyweight Reliance Industries is seeing good interest
and has added nearly 3 per cent. ONGC has recovered and
has gained over 0.5 per cent.
stocks have also added to their early gains. L&T is
trading more than 3 per cent higher while Suzlon is trading
nearly 3 per cent higher. Siemens and BHEL have added
over a per cent each.
and Gujarat Ambuja Cements are the other major gainers,
trading close to 2.5 per cent each higher.
which were weak in early trades continue to remain so
despite the firm up trend in the indices. Oil marketing
stocks are the worth hit with BPCL losing more than 4
per cent to be the biggest loser among index stocks.
and Indian Oil are down nearly 2.5 per cent each.
power utility stocks, Reliance Energy is down nearly 2
per cent and Tata Power has shed close to 1.5 per cent.
Bank is still down 1.5 per cent while ICICI Bank has given
up nearly a per cent.
Airways has come off its lows but is still down 1.5 per
other major losers, Glaxo is down 2.5 per cent and Nalco
has lost over 2 per cent. Bharti Airtel and Bajaj Auto
are down nearly 1.5 per cent each.
and small caps have recovered almost all their losses
as the surge in frontline stocks have led to some buying
in mid-caps. The mid-cap index is now trading with marginal
losses of 0.1 per cent. Market breadth on the NSE has
improved with less than 1.5 stocks declining for every
mid-cap index is trading with marginal gains while the
BSE small-cap index is marginally down.
IT stocks have rallied and are trading with significant
gains on expectations of strong results. Sonata Software,
Zensar Technologies, Helios & Matheson, Nucleus Software
and Kale Consultants are among the major mid-cap IT gainers.
Global, Crest Animation, Balmer Lawrie, JK Cement and
Prime Securities are among the other major mid-cap gainers
Global, FACT, Jindal Photo and Nova Petro are the major