Wednesday, April 18, 2007

Markets gain momentum

The markets opened on optimistic note today after yesterday's breather and have inched up on back of some buying seen in the banking, pharma, consumer durable stocks. All the major indices are trading in green except metals which is in moderate red.

At 11.55 pm the Sensex is trading at 13726.03 119 points up,while Nifty is trading at 4026.50 with a gain of 41.55 points.(Analysts expect 4025-4040 as a crucial resistance zone for Nifty)

Top gainers on the Sensex are Hindalco at Rs 146.50 up 2.23%, BHEL at Rs 2,580.95 up1.54% and Ranbaxy Labs at Rs 341.40 up 1.40%.

Top losers on the Sensex are Tata Steel atRs 500.50 down 5.32%, Bajaj Auto at Rs 2,530 down 0.71% and Infosys at Rs 2,074.40 down 0.35%.

Dish TV was hovering at Rs 103.80 on BSE. The stock debuted at Rs 120, which was also its high so far. Dish TV also hit a low of Rs 100. Early volumes in the scrip were a huge 57.3 lakh shares on BSE. Stock exchanges have set Rs 115 as a base price of Dish TV for calculating 20% daily circuit filter for the first day of trading of the scrip.

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