IT stocks, buoyed up by strong results from Infosys Technologies and HCL Technologies, are having a grand outing once again and mirroring the impressive show by key stocks from the sector, the BSE IT has now moved up by as much as 5.15%.
With key stocks from metal, realty, oil and banking sectors too posting sharp gains, the market remains high up in the positive territory around noon. Mid and small-cap stocks are also seen attracting strong buying enquiries. The market breadth remains highly positive with gainers outscoring losers by nearly 4 to 1 on BSE.
The Sensex, which showed some signs of fatigue and dropped down to around 16,240 in mid-morning trade, has resumed its journey up north again and is up with a sparkling gain of 231.08 points or 1.43% at 16,384.74 at present.
The National Stock Exchange's 50-stock Nifty index is up 1.11% or 54.15 points over its previous closing mark, at 4933.80.
After Infosys Technologies and Tata Consultancy Services' bull run yesterday, it is now the turn of Satyam Computer Services to hog the limelight in the IT space. At Rs 481.35, Satyam Computer Services is up by 6.5%. Infosys Technologies has gained 6.25% at Rs 1605. Wipro and Tata Consultancy Services have moved up by 3.1% and 2.05% respectively.
Reliance Energy has gained 3.3%. Hindalco is up by around 2.35%. Reliance Communications, Reliance Industries, DLF, Ranbaxy Laboratories, Tata Steel, ICICI Bank, Larsen & Toubro, State Bank of India and Bharti Airtel are also up with sharp gains. ITC, NTPC, Grasim Industries and Maruti Suzuki have chipped in with modest gains.
Bombay Dyeing, the biggest gainer among BSE 'A' Group stocks, is up by 13.3% at Rs 781.85. HCL Technologies has recorded a gain of 7.15% at Rs 263.30. Lanco Infratech, IVRCL Infrastructure, Rolta India, Jai Corp, MMTC, Reliance Industrial Infrastructure, HMT, Rashtriya Chemicals & Fertilizers, Bharat Electronics, Bhushan Steel, Sintex Industries, Tech Mahindra, Century Textiles, Aban Offshore and Sesa Goa are also up with impressive gains.
With key stocks from metal, realty, oil and banking sectors too posting sharp gains, the market remains high up in the positive territory around noon. Mid and small-cap stocks are also seen attracting strong buying enquiries. The market breadth remains highly positive with gainers outscoring losers by nearly 4 to 1 on BSE.
The Sensex, which showed some signs of fatigue and dropped down to around 16,240 in mid-morning trade, has resumed its journey up north again and is up with a sparkling gain of 231.08 points or 1.43% at 16,384.74 at present.
The National Stock Exchange's 50-stock Nifty index is up 1.11% or 54.15 points over its previous closing mark, at 4933.80.
After Infosys Technologies and Tata Consultancy Services' bull run yesterday, it is now the turn of Satyam Computer Services to hog the limelight in the IT space. At Rs 481.35, Satyam Computer Services is up by 6.5%. Infosys Technologies has gained 6.25% at Rs 1605. Wipro and Tata Consultancy Services have moved up by 3.1% and 2.05% respectively.
Reliance Energy has gained 3.3%. Hindalco is up by around 2.35%. Reliance Communications, Reliance Industries, DLF, Ranbaxy Laboratories, Tata Steel, ICICI Bank, Larsen & Toubro, State Bank of India and Bharti Airtel are also up with sharp gains. ITC, NTPC, Grasim Industries and Maruti Suzuki have chipped in with modest gains.
Bombay Dyeing, the biggest gainer among BSE 'A' Group stocks, is up by 13.3% at Rs 781.85. HCL Technologies has recorded a gain of 7.15% at Rs 263.30. Lanco Infratech, IVRCL Infrastructure, Rolta India, Jai Corp, MMTC, Reliance Industrial Infrastructure, HMT, Rashtriya Chemicals & Fertilizers, Bharat Electronics, Bhushan Steel, Sintex Industries, Tech Mahindra, Century Textiles, Aban Offshore and Sesa Goa are also up with impressive gains.
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