October 10, 2011

Morning Bell !!...stock indices are trading marginally higher in early morning trade

The key Indian stock indices are trading marginally higher in early morning trade, with the BSE Sensex and the NSE Nifty logging modest gains on the back of some strength in the IT pack. Overall, the undertone is cautious due to mixed global cues and anxiety ahead of the latest quarterly earnings.

Shares of Infosys have gained as investors brace for its Q2 results on October 12.
Reliance Industries is also trading with a positive bias following a 'Buy' call by a local brokerage house.

Tata Motors, Coal India, Cipla and Sterlite Industries are among the other notable gainers.

RIL, Infosys, BHEL, Wipro, ONGC, DLF, HDFC,Cipla, Tata Motors, Coal India, were among the notable leaders in the Sensex and the Nifty.

ICICI Bank, Maruti Suzuki,Bharti Airtel,Sun Pharma, SBI, Bajaj Auto, RCOM, RPower, Tata Power, HUL, HEROMOTOCO,ITC, were among the notable losers in the Sensex and the Nifty.

Maruti Suzuki India shares are under pressure after the company took stringent action against some of the agitating workers at it's Manesar factory.

Sun TV stock is also down after the CBI raided the Chennai premises of Dayanidhi Maran in connection with the 2G spectrum scam. Sun TV is among the three companies named in the FIR by the CBI, according to reports

Stock In NEWS
- Coal India to replace Reliance Capital in Nifty from today
- Defence ministry gives clean chit to Mazagon for JV with Pipavav Defence & Offshore
- Rakesh Jhunjhunwala buys 14.04 lakh Lupin shares in last 3 months, stake now at 3%
- DLF appeal against CCI order likely in tribunal on Monday
- Shipping Corp calls off plans to buy new ships, as company to slowdown on ship purchases on low freight rates & rising costs
- Starbucks set for café JV with Tatas; to expand alliance with Tatas into full fledged retail play
- Unity Infra bags road project worth Rs 135.77 crore


SENSEX 16291.61 59.07 (0.36%)

NIFTY 4898.85 10.80 (0.22%)

CNX Midcap 6910.85 16.70 (0.24%)

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