The markets have given up all their gains and the frontline
indices have moved into negative territory. Other Asian
markets have come off their highs but continue to trade
with decent gains while Europe has opened with modest
is trading lower by 10 points at 11844 at 01.10 PM.
is now trading lower by 7 points at 3448.
one of the best performers yesterday, is the biggest loser
with losses of nearly 3 per cent.
stocks have lost further ground. Infosys has lost nearly
1.5 per cent while Wipro is trading more than a per cent
lower. Satyam has lost close to a per cent.
Tele has corrected further and has lost more than 1.5
is now trading with losses of nearly 1.5 per cent. Sun
Pharma is down more than 1.5 per cent.
is another major loser in afternoon trades, giving up
nearly a per cent.
has recovered from its early lows and is now trading 0.5
per cent lower while Reliance Industries is down nearly
a per cent.
Airways has lost all its gains and is now trading 0.5
per cent lower.
and L&T are the other major losers, both trading nearly
a per cent each lower.
Communications remains the best performer among index
stocks, with gains of over 4 per cent. The company has
reportedly applied for GSM licenses in almost all the
telecom circles in the country.
stocks are doing well on hopes of better product prices.
Hindalco has added nearly 2.5 per cent while Nalco is
trading almost 1.5 per cent higher.
Honda has gained further in afternoon trades and is now
up nearly 2 per cent. Maruti is holding on to its 2 per
is holding on to its gains of nearly 2 per cent and so
is OBC, also trading nearly 2 per cent higher. BPCL is
trading nearly a per cent higher.
Reliance Energy and Glaxo are the other major gainers
among index stocks.
and small caps remain unaffected by the subdued trend
in large caps. The NSE mid-cap index continues to trade
with gains of around per cent. BSE mid-cap index is trading
0.85 per cent higher and the small-cap index is trading
more than a per cent higher. Market breadth on the NSE
remains positive with well over 2 stocks advancing for
every declining stock.
Western remains locked in the 10-per cent upper circuit
after IndiaBulls also joined the fray to acquire the failed
stocks HMT and ITI continue to trade with significant
gains. HMT is trading nearly 17 per cent higher and ITI
has added 12.5 per cent.
Pudumjee Pulp, 3M India, Birla VXL, Jaybharat Maruti,
Hotel Leela and Bindal Agro are among the other major
Appliances, Gruh Finance, TCI Finance, Media Video, Shivalik
Global, Yokogava and DS Kulkarni are the major mid-cap