continue to be volatile in early trades but have recovered
from their early lows. Other Asian markets are mixed,
following the modest losses for US indices yesterday.
opened at 13314 and declined to a low of 13182 before
recovering. The index is trading higher by 16 points at
13356 at 11.10 AM.
opened at 3816 and slipped to a low of 3769 before climbing
back. The index is now trading higher by 9 points at 3825.
auto stocks are doing well in early trades. M&M is
continuing the up trend and is the best performer with
gains of over 2.5 per cent. Tata Motors has recovered
from a 2-day decline and has gained over 1.5 per cent.
Honda has added nearly 1.5 per cent and Bajaj Auto is
trading more than a per cent higher.
Communications has resumed the rally and has added nearly
2 per cent. VSNL has gained close to 1.5 per cent.
Energy has recovered after the recent losses and has added
nearly 2.5 per cent.
Nalco and HLL are the other major gainers.
technology stocks are weak in early trades. Satyam has
lost over a per cent and Infosys is down nearly a per
Entertainment is the worst performer among index stocks,
down more than 1.5 per cent.
Airways remains weak and has lost another per cent.
is down more than a per cent on rising crude oil prices.
has corrected nearly a per cent after gaining yesterday.
has lost a per cent and HDFC Bank is down more than 0.5
and L&T are the other losers.
and small caps have also gained in morning trades. The
NSE mid-cap index is now trading 0.45 per cent higher.
BSE mid-cap index is trading with gains of nearly 0.55
per cent and the BSE small-cap index has added over 0.5
per cent. Market breadth on the NSE is modestly positive
in early trades.
Offshore, the de-merged offshore services division of
GE Shipping, listed on the exchanges today. The stock
saw a high of Rs798 per share and is now trading at Rs727.5.
Mahindra has surged over 15 per cent on reports of a $1
billion outsourcing order from BT.
Technologies is locked on the upper circuit for the 9th
straight session. GKW and Kopran are also on the 10 per
cent upper circuits.
Pudumjee Pulp, RS Software, RK Forge and Eimco are among
the major mid-cap gainers.
Solutions has slumped nearly 8 per cent on reports that
Oracle may not accept all the shares tendered in the open
Labx, Atlanta, Tricom, Aarvee Denim and Sonata Software
are the major mid-cap losers.