Nifty flat with positive bias; oil & gas, metals up
Published on Wed, Jun 09, 2010 at 09:00 | Source : Moneycontrol.com
Updated at Wed, Jun 09, 2010 at 10:29
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Nifty flat with positive bias; oil & gas, metals up
The benchmark Nifty started the day on a flat note following quiet trade in Asian markets. The index was facing resistance at around 5000 mark. Oil & gas, metal, realty, financials and auto sectors were on the buyers' radar.
The benchmark Nifty started the day on a flat note following quiet trade in Asian markets. It was facing resistance at around 5000 mark. Oil & gas, metal, realty, financials and auto sectors were on the buyers' radar.
At 9:03 hours IST, the Nifty was trading at 4998, up 112 points and the Sensex was at 16650, up 30 points.
The CNX Midcap rose 55 points to 7796 and BSE Smallcap gained 32 points at 8501. About 513 shares advanced while 161 shares declined on NSE.
Among the frontliners, ITC (went ex-dividend today), HCL Tech, Tata Power, Infosys, HDFC, Reliance Communications and NTPC were under pressure.
However, BPCL, Bharti Airtel, Hindalco, Cairn India, SAIL, Sterlite Industries, ICICI Bank, Reliance Industries, Unitech, ONGC and DLF were gainers in early trade.
Midcap & Smallcap space:
Bajaj Finserv shot up 10%; Berkshire Hathway arm is in preliminary talks with the company, reports CNBC-TV18 quoting sources.
M&M Financial gained just 0.6% on rumours that PE companies may buy some stake in the company.
Rana Sugars rose 2%, as the company is considering demerger of hotel, sugar business.
Texmo Pipes rose 5% and Marico shot up 6%.
Fortis Healthcare, Lakshmi Vilas Bank, Sesa Goa and Ashok Leyland gained 1.2-1.5%.
