Range bound market; strong breadth
The market held positive zone in range bound trade in early afternoon trade. IT stocks declined further.Buying continued in small-cap and mid-cap shares which have been rising since the past few days. Market breadth was strong. Asian markets, which opened before Indian market, were in green.
At 12.03 hrs IST, the Sensex is up 86.10 points or 0.44% at 19615.60, and the Nifty up 32.65 points or 0.56% at 5891.
Reliance Industries rose 0.67% to Rs 2883, off day’s high of Rs 2907.80.India’s largest private sector bank by assets ICICI Bank was nearly steady at Rs 1140.50, off day’s high of Rs 1156.80.
The BSE IT index fell 0.76% to 4,215.48. HCL Technologies fell 1.48% to Rs 306, Wipro fell 0.56% to Rs 493.95, Satyam Computers fell 0.67% to Rs 437.95 and TCS fell 0.19% to Rs 1027.60.India’s second largest software firm by sales Infosys Technologies fell 1.35% to Rs 1592.60.
The BSE Metal index fell 0.31% to 18,810.86. Sterlite Industries declined 2.04% to Rs 1044.90, Jindal Stainless declined 0.94% to Rs 236.05, Tata Steel fell 0.81% to Rs 865.85, Steel Authority of India (Sail) fell 0.51% to Rs 283.45 and Hindalco Industries fell 0.23% to Rs 193.30.
Select PSU stocks were in demand. The BSE PSU index was up 1.39% to 10,009.77. Syndicate Bank jumped 6.03% to Rs 116, ONGC rose 2.88% to Rs 1190, Neyveli Lignite Corporation gained 3.68% to Rs 253.70, Indian Bank rose 4.19% to Rs 203.80, Union Bank of India rose 2% to Rs 186.85 and BEML rose 2.56% to Rs 1795.
Among the side counters, FDC surged 16.56% to Rs 36.25, Ispat Industries jumped 12.97% to Rs 61.85, Spice Communications spurted 6.04% to Rs 50.90, Escorts gained 6% to Rs 165.25 and Welspun Gujarat Stahl Rohren gained 5.58% to Rs 442.05.
Pharmaceuticals firm Matrix Laboratories gained 2.01% to Rs 223.50 after the company said it has received a tentative approval from US Food and Drug Administration for its abbreviated new drug application or for tenofovir disoproxil fumarate tablets.
Engineering firm Lanxess ABS gained 1.43% to Rs 198 on reports it plans to invest Rs 800 crore to set up a greenfield chemical facility in Gujarat.
At 12.03 hrs IST, the Sensex is up 86.10 points or 0.44% at 19615.60, and the Nifty up 32.65 points or 0.56% at 5891.
Reliance Industries rose 0.67% to Rs 2883, off day’s high of Rs 2907.80.India’s largest private sector bank by assets ICICI Bank was nearly steady at Rs 1140.50, off day’s high of Rs 1156.80.
The BSE IT index fell 0.76% to 4,215.48. HCL Technologies fell 1.48% to Rs 306, Wipro fell 0.56% to Rs 493.95, Satyam Computers fell 0.67% to Rs 437.95 and TCS fell 0.19% to Rs 1027.60.India’s second largest software firm by sales Infosys Technologies fell 1.35% to Rs 1592.60.
The BSE Metal index fell 0.31% to 18,810.86. Sterlite Industries declined 2.04% to Rs 1044.90, Jindal Stainless declined 0.94% to Rs 236.05, Tata Steel fell 0.81% to Rs 865.85, Steel Authority of India (Sail) fell 0.51% to Rs 283.45 and Hindalco Industries fell 0.23% to Rs 193.30.
Select PSU stocks were in demand. The BSE PSU index was up 1.39% to 10,009.77. Syndicate Bank jumped 6.03% to Rs 116, ONGC rose 2.88% to Rs 1190, Neyveli Lignite Corporation gained 3.68% to Rs 253.70, Indian Bank rose 4.19% to Rs 203.80, Union Bank of India rose 2% to Rs 186.85 and BEML rose 2.56% to Rs 1795.
Among the side counters, FDC surged 16.56% to Rs 36.25, Ispat Industries jumped 12.97% to Rs 61.85, Spice Communications spurted 6.04% to Rs 50.90, Escorts gained 6% to Rs 165.25 and Welspun Gujarat Stahl Rohren gained 5.58% to Rs 442.05.
Pharmaceuticals firm Matrix Laboratories gained 2.01% to Rs 223.50 after the company said it has received a tentative approval from US Food and Drug Administration for its abbreviated new drug application or for tenofovir disoproxil fumarate tablets.
Engineering firm Lanxess ABS gained 1.43% to Rs 198 on reports it plans to invest Rs 800 crore to set up a greenfield chemical facility in Gujarat.
Labels: Nifty.Sensex
posted by SY at 1:03 PM
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