have shed most of its early gains as select frontline
stocks have come under pressure. Markets across Asia,
except Thailand, have rallied in morning trades despite
the recovery in crude oil prices.
opened at 14218 and touched a high 14259. The index is
trading higher by 11 points at 14193 at 11.10 AM.
opened at 4090 and touched a high of 4114 before giving
up most of the gains. The index is now trading higher
by 3 points at 4093.
Computers has slipped further on the disappointment over
its results. The stock has slipped nearly 3.5 per cent
after losing 5 per cent on Friday.
which saw a major rally last week, is the worst performer
with losses of over 3.5 per cent. ITC has lost a per cent.
recovery in crude oil has led to a 2 per cent fall for
has shed close to 2 per cent after last week's rally.
cement stocks, Gujarat Ambuja has slipped over a per cent
and Grasim has lost nearly a per cent.
Bank has also corrected after last week's gains and is
down nearly 1.5 per cent.
remains weak and has lost another per cent.
Energy has lost nearly 1.5 per cent.
Airways is the best performer among index stocks after
the company said load factor for the first two months
of the current quarter would be quite good. The company
also expects the fuel bill for the quarter to be much
lower and the stock is trading nearly 3.5 per cent higher.
engineering and capital goods stocks, BHEL has added more
than a per cent while L&T and Suzlon have added over
0.5 per cent each.
Tele is continuing the rally and has added another 2 per
is also sustaining the up trend and is trading more than
1.5 per cent higher.
telecom stocks, VSNL has added over a per cent and MTNL
is trading nearly a per cent higher.
Reddy's and Sun Pharma have added close to a per cent
and small caps are doing better than large caps in early
trades, though the NSE index is down. The NSE mid-cap
index is now trading with losses of close to 0.15 per
cent. BSE mid-cap index has gained 0.35 per cent and the
BSE small-cap index is trading with gains of over 0.4
per cent. Market breadth on the NSE is modestly positive
in early trades.
Limited, which listed on the NSE today, is trading at
Ventures, SKM Egg, Indo-Tech Transformers, AVT Natural,
Deepak Fertilisers, Dolphin Offshore, Ceat Limited and
GM Breweries are among the major mid-cap gainers.
Kabra Extrusion, BAG Films, Indo-Rama, Texmaco, Nisan
Copper, X Pro India, Cybertech and Gujarat Ambuja Exports
are the major mid-cap losers.