Tuesday, July 10, 2007

Markets trading firm

The market was firm in early trade as buying continued ahead of the Q1 June 2007 earnings season.At 11.55 am IST, the Sensex is up 38.65 points at 15084.38, and the Nifty up 6.80 points at 4425.85.

IT stocks extended recent gains. Satyam Computers was the top gainer among the Sensex constituents. It was up 2.60% to Rs 504.30.IT major Infosys Technoligies rose 1.85% to Rs 2,030, ahead of its results on Wednesday, 11 July 2007.TCS (up 1.33% to Rs 1192.25), and Wipro (up 0.86% to Rs 529.75), also edged higher.

Index heavyweight Reliance Industries was down 0.06% to Rs 1710.State-run power generation company NTPC shed 0.83% to Rs 155.85,it was the top loser from the Sensex pack.Hindustan Unilever (down 0.54% to Rs 194.30), HDFC (down 0.44% to Rs 1915), and ITC (down 0.42% to Rs 155.10) were the other losers.

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