Indices have gained further in early afternoon trades.
Steel stocks have rallied further while cement stocks
are holding firm. The recovery in technology stocks has
also helped the indices.
is trading higher by 40 points at 12827 at 01.10 PM.
is now trading higher by 13 points at 3746.
Steel has surged ahead after a very positive start and
is now trading 6 per cent higher. SAIL has added well
over 2 per cent and Hindalco has gained 1.5 per cent.
Entertainment has also moved up higher and is now trading
well over 4 per cent higher.
stocks are holding on to their early gains. Grasim is
now trading 1.5 per cent higher while ACC and Gujarat
Ambuja have added close to 1.5 per cent each.
is the best performer among banking stocks with gains
of close to 2.5 per cent.
Energy has made an up move and has added nearly 2 per
is holding on to gains of close to 1.5 per cent.
Industries has slipped close to a per cent while ONGC
has come off its lows and is trading well over 0.5 per
cent lower. IPCL is also down more than 0.5 per cent.
Reddy''s remains weak and is the worst performer among
index stocks with losses of nearly 1.5 per cent. Glaxo
and Sun Pharma are down over 0.5 per cent each.
Honda is continuing its down trend and has lost over a
per cent while Bajaj Auto has lost over 0.5 per cent.
has recovered part of its losses and is now trading 0.5
per cent lower.
and small caps have also gained further and continue to
do better than large caps. The NSE mid-cap index is now
trading with gains of close to 0.8 per cent. BSE mid-cap
index is trading with gains of 0.65 per cent and the BSE
small-cap index has added a per cent. Market breadth on
the NSE remains positive in early afternoon trades.
Industries is locked in 20 per cent upper circuit while
Abhishek Mills is trading 17.5 per cent higher.
Auto and Educomp are locked in 10 per cent upper circuits.
Ambuja Exports, Prakash Industries, Apar Industries, Sathavahana
Ispat, Everest Industries and Shreyas Shipping are the
other major mid-cap gainers.
Enterprises, Pudumjee Agro, Khaitan Limited, Nissan Copper,
Murli Industries, BBTC, GM Breweries and Granules India
are the major mid-cap losers.