Despite the weakness in Asian markets, Indian indices
recovered from a dull opening to touch fresh 1-month highs.
The Sensex went past 11200 before profit booking in large
caps pulled the indices down.
opened at 11175 and saw a high of 11213. The index is
trading higher by 24 points at 11169 at 11.10 AM.
opened at 3255 and touched a high of 3275. The index is
trading higher by 5 points at 3260.
pharma stocks are attracting good interest. Glaxo is maintaining
the up trend for the third session. The stock has added
more than 3 per cent and is the best performer among index
stocks. Sun Pharma has gained close to 2.5 per cent.
telecom stocks, Bharti has added more than 2.5 per cent
and VSNL has gained more than a per cent.
Tea is the best performer among FMCG stocks, trading nearly
2.5 per cent higher. HLL has gained nearly 1.5 per cent.
is maintaining the up trend and has added another 2.5
HCL Tech, HDFC and Tata Power are the other major gainers.
is under pressure in early trades and has lost over a
per cent. Reliance Industries has slipped close to 0.5
per cent. IPCL and Gail India are also trading lower.
Airways has corrected after gaining in recent sessions.
The stock is down nearly 1.5 per cent and is the worst
performer among index stocks.
Motors has lost close to a per cent while Bajaj Auto is
down nearly 0.5 per cent.
is under pressure and has lost nearly a per cent.
Computer and HDFC Bank are the other losers.
and small stocks are in a completely different zone in
early trades. Most of the prominent mid-caps are finding
good interest, especially in sugar, tea plantations and
NSE mid-cap index is now trading with gains of nearly
1.5 per cent. BSE mid-cap index has also added over 1.2
per cent and the small-cap index is trading with gains
of more than 1.4 per cent. Market breadth on the NSE is
very positive with more than three stocks advancing for
every declining stock.
stocks have bounced back very strongly. Harrison Malayalam,
Jayshree Tea and Williamson Magor are locked in the 10
per cent upper circuits while McLeod Russel has added
over 9 per cent.
Sugar stocks are doing well today as well. Uttam Sugar
is the best performer, trading 11.5 per cent higher. Oudh
Sugar has added close to 10 per cent while Rajshree Sugar
and Shree Renuka have gained over 7 per cent each.
Agro, Bharat Gear, Quintegra, PBA Infrastructure, MSK
Projects and Aegis Chemicals are among the major mid-cap
Union Bank, Bharti Shipyard, Crompton Greaves, Calsoft
and GMR Industries are the major mid-cap losers.