TCS, SBI, ONGC, BHEL, RCOM , Infosys, ICICI Bank, Wipro, Tata Motors, M&M, ITC were among the notable leaders in the Sensex and the Nifty.
Axis Bank, Jindal Steel, Sun Pharma, Sesa Goa, RIL, DLF, Maruti Suzuki, RPower, were among the notable losers in the Sensex and the Nifty.
Market breadth is favorable for the bulls as the Small-Cap and Mid-Cap indices have also posted modest gains.
A day after Infosys announced better-than-expected Q2 results and improved guidance. IT stocks are pacing the advance, Infosys is up along with others like TCS, Wipro and HCL Tech. The BSE Teck index is also up by 1%. Banking, CD, Power, PSU and Auto stocks have seen select buying.
The risk trade is back in vogue, at least for the time being amid hopes that the eurozone debt crisis may not get worse from here on and that the US will avoid another recession.
Results Today
AP Paper, Asahi India, Kajaria Ceramics, Piramal Lifesciences, Praj Industries and VST Industries
Stock In NEWS
- Agnus Capital buys 7.43%, Pronomz Ventures buys 14.99% stake in Strides Arcolab at Rs 105/sh (CMP Rs 350/sh)
- ONGC Videsh in pact for 25% share in Kazakh Satpayev oil block
- Jet Airways signs a MoU with Vietnam Airlines for a strategic co-operation
- NRB Bearings board approves scheme of arrangement between NRB bearings & NRB Industrial bearings
- Ashoka Buildcon to dilute stake in arm & raise around Rs 737 crore for its upcoming projects
- DoT asks TRAI to reconsider pricing for excess spectrum; breather for Idea , Bharti & vodafone
- SBI may delay overseas fund –raising plans
- Banking regulator plans to frame new rules for FCCBs; may require companies to set aside funds from profits for redemption of bonds
Source:- Moneycontrol
Indices
SENSEX 17033.26 74.87 (0.44%)
NIFTY 5122.95 23.55 (0.46%)
CNX Midcap 7160.55 49.45 (0.7%)
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