Moneycontrol
Mar 25, 2013 11:21 AM IST | Source: Moneycontrol.com

Sensex, Nifty trade up; ONGC rises 4%, HDFC jumps 2%

At 10.24 AM, the Sensex is trading up 128.91 points or 0.69% at 18864.51, and the Nifty up 39.30 points or 0.70% at 5690.65. ONGC continues to be the best performing stock, up 4.2 percent.

Sensex, Nifty trade up; ONGC rises 4%, HDFC jumps 2%

Moneycontrol Bureau


At 10.24 AM, the Sensex is trading up 128.91 points or 0.69 percent at 18864.51, and the Nifty is up 39.30 points or 0.70 percent at 5690.65. ONGC continues to be the best performing stock, up 4.2 percent. Oil marketing companies like BPCL, HPCL and IOC are seeing significant upmove. The stocks are reacting to the 45-50 paise jump in diesel prices effective from Saturday.


Also Read: Expect good recovery in markets this week: JPMorgan


Other gainers on the indices include NTPC, HDFC, Jindal Steel, Maruti Suzuki and DLF. Top frontline losers at this hour are Bajaj Auto, Bharti Airtel, Coal India, Dr Reddy's Labs, Hero MotoCorp and HCL Tech.


Banking stocks have revived after the steep fall in last few sessions. HDFC is the biggest gainer with 2.29 percent followed by  SBI, ICICI Bank, Axis Bank (over 1 percent  upmove) and HDFC Bank.

Among the midcaps, Jubilant Life is the top grader, jumping over 5 percent while CORE education gained over 4 percent.

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