Nifty turns positive; Reliance, ADAG star performers
06 Jan 2012
Index heavyweight Reliance Industries helped the market turn positive - the Sensex recovered more than 250 points from the day's low. Banks, metals, FMCG and select auto stocks have seen buying interest which contributed to the recovery. Shares of Anil Dhirubhai Ambani Group showed outstanding performance. The Sensex was up 82.4 points at 15,939.49 and the Nifty moved up 27 points to 4,777.
Shares of Reliance Industries shot up 3%. Among banks, HDFC Bank jumped 2.7% and ICICI Bank gained 1% while SBI was flat.
ADAG stocks like Reliance Communications, Reliance Power and Reliance Infrastructure shot up 5-8%.
Among others, ITC, Tata Motors, Hindalco, Maruti, Sterlite and Cipla were up 1-2%; TCS and Infosys rose 0.5% each.
However, Bharti Airtel, ONGC, Hero Motocorp and JP Associates remained top losers among Sensex 30, falling 3.4%, 2%, 4.3% and 2.5%, respectively.
JSPL, BHEL, Tata Power, Wipro and DLF were down 1-1.7%.
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