After a positive start and a subsequent move up north, the Sensex slipped into the red this morning due to a few blue chip stocks encountering strong resistance at higher levels. However, thanks to resumption of buying at lower levels, the Sensex, which had slipped to 16,005.07, has edged up to 16,035.21 now, netting a small gain of 19.65 points.
The Nifty, which touched a high of 4888.85 in early trade, is up with a marginal gain of 7.95 points or 0.16% at 4838.20 at present.
Metal stocks are in demand. Mirroring strong buying in that space, the BSE Metal index has jumped nearly 3% over its previous closing mark now. Consumer durables, power, FMCG, realty, capital goods and pharma stocks are also seen attracting firm buying enquiries. IT stocks have rebounded after a weak start. Oil, bank and auto stocks trade weak.
Tata Steel has rallied smartly on strong buying enquiries at the counter. At Rs 694.30, the stock is up by over 6% at present. Hindalco has posted a gain of 1.25% at Rs 174.60. FMCG heavyweight ITC has notched up a gain of 3.25% at Rs 206.50.
Cement stocks ACC (up 2.45% at Rs 839) and Ambuja Cements (up 1.1% at Rs 124), power equipment maker BHEL (up 1.15% at Rs 2008), pharma majors Cipla (up 2.55% at Rs 216.95) and Ranbaxy Laboratories (up 1.85% at Rs 443.65), realty stock DLF (up 1.35% at Rs 682.90), power majors NTPC (up 1.25% at Rs 199.10) and Reliance Energy (up 1.65% at Rs 1307.30) and software stock Satyam Computer Services (up 1% at Rs 399) also rule firm.
Reliance Industries, Tata Consultancy Services, Maruti Suzuki, Infosys Technologies and Grasim Industries are up with notable gains.
HDFC Bank and ICICI Bank, the private sector heavyweights, are down by 2.3% and 2.7% respectively. ONGC has declined by 2.7% to Rs 1040.10. Tata Motors, Hindustan Unilever, Mahindra & Mahindra and HDFC have also declined sharply.
The Nifty, which touched a high of 4888.85 in early trade, is up with a marginal gain of 7.95 points or 0.16% at 4838.20 at present.
Metal stocks are in demand. Mirroring strong buying in that space, the BSE Metal index has jumped nearly 3% over its previous closing mark now. Consumer durables, power, FMCG, realty, capital goods and pharma stocks are also seen attracting firm buying enquiries. IT stocks have rebounded after a weak start. Oil, bank and auto stocks trade weak.
Tata Steel has rallied smartly on strong buying enquiries at the counter. At Rs 694.30, the stock is up by over 6% at present. Hindalco has posted a gain of 1.25% at Rs 174.60. FMCG heavyweight ITC has notched up a gain of 3.25% at Rs 206.50.
Cement stocks ACC (up 2.45% at Rs 839) and Ambuja Cements (up 1.1% at Rs 124), power equipment maker BHEL (up 1.15% at Rs 2008), pharma majors Cipla (up 2.55% at Rs 216.95) and Ranbaxy Laboratories (up 1.85% at Rs 443.65), realty stock DLF (up 1.35% at Rs 682.90), power majors NTPC (up 1.25% at Rs 199.10) and Reliance Energy (up 1.65% at Rs 1307.30) and software stock Satyam Computer Services (up 1% at Rs 399) also rule firm.
Reliance Industries, Tata Consultancy Services, Maruti Suzuki, Infosys Technologies and Grasim Industries are up with notable gains.
HDFC Bank and ICICI Bank, the private sector heavyweights, are down by 2.3% and 2.7% respectively. ONGC has declined by 2.7% to Rs 1040.10. Tata Motors, Hindustan Unilever, Mahindra & Mahindra and HDFC have also declined sharply.
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