Sensex holding on to 209 points gain

Frontline Indian indexes are holding on to their early gains as most of the stocks started the day on a firm note continue to do well. Most other Asian markets are also holding on to their gains while Europe has opened higher.

Sensex is trading higher by 209 points at 14081 at 01.10 PM IST.

Nifty is now trading higher by 67 points at 4155.

Reliance Industries has gained over 2 per cent and is providing good support to the indexes. BPCL has added over 2.5 per cent while IPCL is trading more than 2 per cent higher.

Among metal stocks, SAIL has added over 3 per cent while Sterlite Industries has gained more than 2 per cent. Hindustan Zinc has surged nearly 11 per cent.

Bajaj Auto remains the best performer among Nifty components with gains of over 5 per cent.

Bharti Airtel is holding on to gains of over 3 per cent.

L&T continues to trade nearly 3 per cent higher and BHEL is holding on to gains of nearly 2.5 per cent.

PNB is the other major gainer and is holding on to gains of 3.5 per cent.

HDFC Bank remains the worst performer among Nifty stocks with losses of nearly 2 per cent.

HLL remains under pressure and has lost 1.5 per cent.

Tata Steel and Tata Motors are trading with losses of around a per cent each.

Wipro, Zee Entertainment and Reliance Communications are trading with marginal losses.

Mid-caps and small caps are also holding on to their gains. The NSE mid-cap index is now trading with gains of close to 1.75 per cent. BSE mid-cap index has gained 1.5 per cent and the BSE small-cap index is trading close to 1.2 per cent higher.

Network 18 is locked in 20 per cent upper circuit. Among other media stocks, Mid-Day Multimedia has rallied nearly 13.5 per cent.

GMDC is locked in 20 per cent upper circuit while Goldstone Technologies is in the 10 per cent upper circuit.

Emkay Share, Titanor Components, Talbros Auto, Gujarat Gas and Jindal Poly are the other major gainers among mid-caps and small caps

UFlex, BEPL, Foseco India, Enkei Castalloy, Orient Ceramics, Teledata and BF Utilities are the major losers among mid-caps and small-caps.

Thomas White Global Research, part of the Thomas White International Group, publishes capital market research for global institutions and investment banks.

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