Markets are seeing modest volatility in early trades as
global cues are mixed. After opening firm, the indices
declined before recovering. The Sensex and Nifty are trading
close to 12100 and 3500 respectively.
opened at 12103 and rallied to a high of 12131 before
declining to 12049. The index has recovered and is trading
higher by 25 points at 12096 at 11.10 AM.
opened at 3494 and touched a high of 3507. The index is
now trading higher by 3 points at 3496.
stocks have recovered and are helping the indices to hold
on to their levels. Hindalco is the best performer among
index stocks with gains of nearly 2 per cent.
has added over 1.5 per cent while Tata Steel is trading
nearly 1.5 per cent higher. Nalco has added close to a
pharma stocks are continuing the up trend today as well.
Ranbaxy has added more than 1.5 per cent while Dr. Reddy's
has gained close to a per cent.
Computer is also maintaining the up trend and has added
more than 1.5 per cent.
Communications and MTNL have added over 0.5 per cent each.
India is the other gainer, trading more than 0.5 per cent
has corrected after the rally over last two sessions.
The stock has lost nearly two per cent and is the biggest
loser among index stocks.
has lost over a per cent. HDFC Bank and OBC have lost
close to a per cent each.
Airways remains under profit booking pressure and has
lost nearly 1.5 per cent.
pharma stocks, Glaxo and Sun Pharma have lost nearly a
per cent each.
has corrected nearly a per cent after rallying more than
4 per cent yesterday.
Tech and Grasim are the other major losers.
and small caps are doing much better than the large caps,
though the NSE mid-cap index is subdued because of the
weakness in IndiaBulls. Many stocks which had seen buying
momentum in recent weeks are sustaining the up trend.
NSE mid-cap index is now trading with marginal gains of
less than 0.05 per cent. BSE mid-cap index is trading
with gains of nearly 0.35 per cent and the small-cap index
has added over 0.6 per cent. Market breadth on the NSE
is modestly positive in morning trades with more than
one stock advancing for every declining stock.
is the best performer among the prominent mid-caps, gaining
nearly 9 per cent.
Housing is continuing its uptrend and has added more than
6 per cent. The stock had rallied 20 per cent yesterday.
Natural Resources is locked in the 5 per cent upper circuit
after the circuit limit was reduced from 10 per cent.
The stock had gained 20 per cent over the last two sessions.
Metalliks, Datamatics, Polyplex, Tips Industries, First
Leasing, Fedders Lloyd, Educomp and IFB Industries are
among the major mid-cap gainers.
VXL remains locked in the 5 per cent lower circuit for
the fourth straight session.
SB&T International, Shivalik Global, Cinevistas and
Bank of Maharashtra are the major mid-cap losers.