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After
trading within a range till early afternoon, the indices
have slipped marginally into the red. Other Asian markets
remain mostly firm while Europe has opened mostly negative.
Sensex
is trading lower by 16 points at 13830 at 01.10 PM.
Nifty
is now trading lower by 1 point at 3970.
Engineering
and capital goods stocks have rallied after the firm opening.
ABB is now trading with gains of nearly 2 per cent while
Siemens has gained more than 1.5 per cent. L&T and
Suzlon are trading nearly a per cent higher each.
VSNL
is holding on to gains of close to 2.5 per cent and remains
the best performer among index stocks.
HPCL
is trading more than a per cent higher and BPCL has added
nearly a per cent.
Dr
Reddy is now trading nearly 1.5 per cent higher.
Dabur
is holding on to gains of over a per cent.
ACC
has moved up in afternoon trades and is now trading nearly
1.5 per cent higher.
HLL
has slipped further after a weak opening and is the worst
performer with losses of close to 2 per cent. ITC is down
nearly 1.5 per cent.
Reliance
Communications remains weak and has lost nearly 1.5 per
cent while MTNL is down nearly a per cent.
Satyam
has slipped further and is now down more than a per cent.
Gujarat
Ambuja Cements has lost ground in early afternoon trades
and is trading nearly a per cent lower.
Gail
India remains weak by more than 0.5 per cent.
Nalco,
Cipla and OBC are the other major losers.
Mid-caps
and small caps continue to outperform the large caps.
The NSE mid-cap index is now trading with gains of nearly
0.7 per cent. BSE mid-cap index has gained over 0.85 per
cent and the BSE small-cap index has added more than 0.9
per cent. Market breadth on the NSE remains positive in
early afternoon trades with nearly 1.5 stocks advancing
for every declining stock.
Nissan
Copper, which got listed today, has soared in early afternoon
trades. Issued at Rs39 per share, the stock is now trading
at Rs107 - a listing gain of nearly 175 per cent.
Ess
Dee Aluminium, which listed yesterday, has gained close
to 8 per cent.
Shivam
Auto, D-Link, Plethico Pharma, Surya Pharma, Allcargo,
Triveni Engineering and Elecon are among the major mid-cap
gainers.
Compulink
Systems, Eicher, SI Group, Dishman, Apcotex, Assam Company
and IFB Industries are the major mid-cap losers.
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