With a majority of its components holding firm with most of their gains intact, the Sensex remains well entrenched in the positive territory this morning. Realty, consumer durables, metal, bank, capital goods, information technology and power stocks have posted impressive gains.
PSU, pharma and auto stocks have also fared reasonably well. Oil and FMCG stocks remain subdued due to lack of support. Besides a number of large cap stocks, several stocks from midcap and smallcap segments too have moved up sharply this morning.
At 17,059.68, the Sensex is up with a big gain of 198.78 points or 1.18% at present. The Nifty has gained 0.87% or 43.65 points at 5056.30.
Among metal stocks, heavyweights Tata Steel (2.8%), Hindalco (4.3%) and Nalco (5.05%) have posted strong gains. SAIL is up with a gain of 1.6% at Rs 172.05.
Shree Precoated Steel has jumped 8.4% to Rs 215.70. Bhushan Steel, Gujarat NRE Coke, Ispat Industries, Jindal Saw and Sesa Goa have gained 2% - 4%. Hindustan Zinc, Jindal Stainless, Maharashtra Seamless and Welspun Gujarat have also gained significant ground.
Banking sector heavyweights ICICI Bank and State Bank of India have gained 2.35% and 0.5% respectively. HDFC Bank is up with a marginal gain of 0.35%.
Karnataka Bank has vaulted 7.5% to Rs 216. UCO Bank has notched up a gain of 7.35%. Allahbad Bank, Axis Bank, Bank of Baroda, Bank of India, Canara Bank, Federal Bank, Indian Overseas Bank, Kotak Bank, Oriental Bank of Commerce, Dena Bank, Bank of Maharashtra, Indian Bank, Punjab National Bank, Union Bank of India and Yes Bank are also up with sharp gains.
Jaiprakash Associates (up 4.6% at Rs 257.70) remains the top gainer from the Sensex pack. Reliance Energy has gained a little over 4.25%. Satyam Computer Services, Larsen & Toubro and DLF have gained 2.9%, 2.55% and 2.35% respectively.
BHEL, Maruti Suzuki, Infosys Technologies, Reliance Communications, ACC, Cipla, Grasim Industries and Tata Consultancy Services are up by 1% - 2%. HDFC and Reliance Industries also trade firm, albeit with less pronounced gains.
Source : http://sify.com
PSU, pharma and auto stocks have also fared reasonably well. Oil and FMCG stocks remain subdued due to lack of support. Besides a number of large cap stocks, several stocks from midcap and smallcap segments too have moved up sharply this morning.
At 17,059.68, the Sensex is up with a big gain of 198.78 points or 1.18% at present. The Nifty has gained 0.87% or 43.65 points at 5056.30.
Among metal stocks, heavyweights Tata Steel (2.8%), Hindalco (4.3%) and Nalco (5.05%) have posted strong gains. SAIL is up with a gain of 1.6% at Rs 172.05.
Shree Precoated Steel has jumped 8.4% to Rs 215.70. Bhushan Steel, Gujarat NRE Coke, Ispat Industries, Jindal Saw and Sesa Goa have gained 2% - 4%. Hindustan Zinc, Jindal Stainless, Maharashtra Seamless and Welspun Gujarat have also gained significant ground.
Banking sector heavyweights ICICI Bank and State Bank of India have gained 2.35% and 0.5% respectively. HDFC Bank is up with a marginal gain of 0.35%.
Karnataka Bank has vaulted 7.5% to Rs 216. UCO Bank has notched up a gain of 7.35%. Allahbad Bank, Axis Bank, Bank of Baroda, Bank of India, Canara Bank, Federal Bank, Indian Overseas Bank, Kotak Bank, Oriental Bank of Commerce, Dena Bank, Bank of Maharashtra, Indian Bank, Punjab National Bank, Union Bank of India and Yes Bank are also up with sharp gains.
Jaiprakash Associates (up 4.6% at Rs 257.70) remains the top gainer from the Sensex pack. Reliance Energy has gained a little over 4.25%. Satyam Computer Services, Larsen & Toubro and DLF have gained 2.9%, 2.55% and 2.35% respectively.
BHEL, Maruti Suzuki, Infosys Technologies, Reliance Communications, ACC, Cipla, Grasim Industries and Tata Consultancy Services are up by 1% - 2%. HDFC and Reliance Industries also trade firm, albeit with less pronounced gains.
Source : http://sify.com
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