Thursday, May 10, 2007

Markets surge

Continuing yesterday's spectacular pullback from the days low on account of short covering, the markets opened on cheerful note today on the back of positive cues from global markets as the Federal Reserve didnot do anything to spook the markets. It has kept the benchmark rates unchanged at 5.25% as expected.

At 12.30 pm the Sensex is trading at 13954 ,up by 172 points while Nifty is up by 47 points at 4126.Metal, FMCG and banking stocks are among major gainers on the indices.

Top gainers on the indices were HDFC, Bajaj Auto, ITC are the top gainers on indices.
Ranbaxy, Tata Power, M&M, Sun Pharma are among the major losers on the indices.

Index heavyweight Reliance was trading at Rs 1,602.25 up 0.32% from its previous close of Rs 1,597.10.Tech major Infosys was trading at Rs 1,994.95 up 0.73% from its previous close of Rs 1,980.55.Cigarette major ITC was trading at Rs 165.95 up 3.27% from its previous close of Rs 160.70.

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