The Sensex, which plunged by around 230 points to 17,042.97 from a high of 17,271.56 earlier this morning, has regained some lost ground now thanks to some strong buying at lower levels in a few frontline stocks.
At 17,130.16, the Sensex is up with a small gain of 4.18 points. The Nifty, which had slipped to a low of 5093.15 earlier this morning, has edged up to 5116.30, up 4.60 points over its previous closing mark.
Consumer durables, PSU and select pharma, realty and metal stocks have posted smart gains. Auto and FMCG stocks remain quite subdued. Bank stocks, which opened a bit positive, have drifted lower on selling pressure. Power, Oil, IT and capital goods stocks have declined sharply from their opening levels.
At present, mid and small-cap stocks have performed relatively better. While the Midcap index has surged 0.64%, the Smallcap has edged up by a little over half a per cent.
Telecom stocks Reliance Communications and Bharti Airtel are up in the positive territory with sharp gains. While the former has notched up a gain of 2.5% at Rs 591.10, the latter, at Rs 943, is up by nearly 2% over its previous closing price.
HDFC Bank has gained 2.3% at Rs 1532. Jaiprakash Associates has climbed up 1.95% to Rs 250.40. HDFC, NTPC and Maruti Suzuki are up by around half a per cent. Ranbaxy Laboratories, DLF, Hindustan Unilever, BHEL, Reliance Energy and Grasim Industries have posted minor gains.
Wipro, the most prominent loser among Sensex stocks, is down 1.75% at Rs 458. Tata Steel, ONGC and State Bank of India have lost more than a per cent.
ICICI Bank, which shot up to Rs 947 in early trade today, has slipped to Rs 907.60, netting a loss of 0.9%. Larsen & Toubro, Cipla, Tata Consultancy Services, ACC, Infosys Technologies, Hindalco, Reliance Industries, Mahindra & Mahindra and Ambuja Cements are down by 0.25% - 1%. ITC and Satyam Computer Services have declined marginally.
Sesa Goa has moved up nearly 7% to Rs 3743 on strong buying support. On the National Stock Exchange, the Sesa Goa counter has clocked a volume of around 1.75 lakh shares this morning.
At 17,130.16, the Sensex is up with a small gain of 4.18 points. The Nifty, which had slipped to a low of 5093.15 earlier this morning, has edged up to 5116.30, up 4.60 points over its previous closing mark.
Consumer durables, PSU and select pharma, realty and metal stocks have posted smart gains. Auto and FMCG stocks remain quite subdued. Bank stocks, which opened a bit positive, have drifted lower on selling pressure. Power, Oil, IT and capital goods stocks have declined sharply from their opening levels.
At present, mid and small-cap stocks have performed relatively better. While the Midcap index has surged 0.64%, the Smallcap has edged up by a little over half a per cent.
Telecom stocks Reliance Communications and Bharti Airtel are up in the positive territory with sharp gains. While the former has notched up a gain of 2.5% at Rs 591.10, the latter, at Rs 943, is up by nearly 2% over its previous closing price.
HDFC Bank has gained 2.3% at Rs 1532. Jaiprakash Associates has climbed up 1.95% to Rs 250.40. HDFC, NTPC and Maruti Suzuki are up by around half a per cent. Ranbaxy Laboratories, DLF, Hindustan Unilever, BHEL, Reliance Energy and Grasim Industries have posted minor gains.
Wipro, the most prominent loser among Sensex stocks, is down 1.75% at Rs 458. Tata Steel, ONGC and State Bank of India have lost more than a per cent.
ICICI Bank, which shot up to Rs 947 in early trade today, has slipped to Rs 907.60, netting a loss of 0.9%. Larsen & Toubro, Cipla, Tata Consultancy Services, ACC, Infosys Technologies, Hindalco, Reliance Industries, Mahindra & Mahindra and Ambuja Cements are down by 0.25% - 1%. ITC and Satyam Computer Services have declined marginally.
Sesa Goa has moved up nearly 7% to Rs 3743 on strong buying support. On the National Stock Exchange, the Sesa Goa counter has clocked a volume of around 1.75 lakh shares this morning.
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