Friday, April 25, 2008

Mkts Remain Buoyant; Wipro, SBI Firm Up @ 11:22 Hrs

With most of its components holding on to their early gains, the Sensex, which opened on a buoyant note this morning, remains high up in the positive territory now. At 16,877.52, the Sensex is up 156.44 points or 0.94% over its previous closing mark at present.

The Nifty, which hit a high of 5068.05 earlier this morning, is up with a sharp gain of 1.12% or 55.80 points at 5055.65.

Telecom stocks Bharti Airtel (6.4%) and Reliance Communications (4.6%) continue to hog the limelight even as a few other blue chips, Wipro (3%), State Bank of India (1.75%), Satyam Computer Services (1.55%), Ranbaxy Laboratories (1.15%), NTPC (1.3%), Mahindra & Mahindra (1.3%), ICICI Bank (1.25%), HDFC (1.5%) and HDFC Bank (1.4%) also rule firm on sustained buying support.

Cipla, ACC, Ambuja Cements, DLF, Hindustan Unilever, Hindalco, Jaiprakash Associates, Larsen & Toubro, Maruti Suzuki and Reliance Energy are down in the red due to lack of support.

Chambal Fertilizers & Chemicals has vaulted more than 10% to Rs 73.20. Nagarjuna Fertilizers, Brigade Enterprises, Reliance Industrial Infrastructure, Triveni Engineering, Hindustan Zinc, Hero Honda, Idea Cellular, Mangalore Refineries & Petrochemicals, Welspun Gujarat, Sintex Industries, Canara Bank, Tata Teleservices, HCL Technologies, Bank of Baroda, Essar Oil and GTL Infrastructure have also posted strong gains.

Mphasis, Canara Bank, TTML, TVS Motor, Aventis Pharma, Reliance Capital, Jindal Steel, LIC Housing Finance, Tech Mahindra and IDBI are among the top gainers from the Junior Nifty pack.

McDowell, Moser Baer, IFCI and Bank of India have declined sharply. Lupin, Container Corporation, i-Flex Solutions, Bharat Electronics and Pfizer are also down in the red, albeit with less pronounced losses.

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