indices are under modest pressure in early trades following
the decline in major global indices last week. Traders
are also not willing to increase their exposure, as tomorrow
is a trading holiday. Other Asian markets are mixed in
opened at 14307 and saw a low of 14217. The index is trading
lower by 23 points at 14259 at 11.30 AM.
opened at 4148 and touched a new lifetime high of 4167
before slipping to a low of 4126. The index is now trading
lower by 16 points at 4132.
stocks are weak in early trades following the decline
in tech stocks in US markets last week. Wipro has lost
close to 2.5 per cent while Satyam is down more than 1.5
per cent. TCS is down over 1.5 per cent.
Suzlon is the worst performer among index stocks with
losses of over 5 per cent.
has lost close to 3.5 per cent after gaining sharply over
the last couple of weeks.
auto stocks, Tata Motors has lost more than 2 per cent
while Maruti is down over 1.5 per cent.
Airways has corrected more than 2 per cent.
other major losers, Sun Pharma is down nearly 2 per cent
and ITC has lost more than 1.5 per cent.
is continuing the rally from last week and is the best
performer among index stocks with gains of nearly 4 per
cent. Siemens has added close to 1.5 per cent.
has recovered from last week's decline and has added more
than 2.5 per cent.
has gained further after last week's spectacular surge
and has added close to 2 per cent. Hindalco has gained
over a per cent.
has gained over 1.5 per cent and Glaxo has added a per
Communications, IPCL and Gail India are the other major
and small caps are firm despite the weakness in large
caps. The NSE mid-cap index is now trading higher by nearly
0.35 per cent. BSE mid-cap index has gained close to 0.4
per cent and the BSE small-cap index is trading with gains
of over 0.5 per cent. Market breadth on the NSE is positive
in early trades.
Bilpower, Sakuma Exports, Induj Enertech, Zenith Info
and IG Petro are among the major mid-cap gainers.
Breweries, Vimta Labs, Sutlej Industries, Mahindra Ugine,
Bluestar Info, Jai Corp, Piramyd Retail, Pearl Global
and Nissan Copper are the major mid-cap losers.