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Dec 31, 2012, 12.18 PM IST
Key benchmarks were flat in early trade on Monday following mixed Asian cues. Shanghai and Nikkei gained around 0.7-1 percent whereas Hang Seng was flat to negative.
Meanwhile, the Nifty remained above the 5900 despite one percent fall in US markets on Friday due to concerns over fiscal cliff deal. The index rose 3.5 points to 5,911.80.
Index heavyweight Reliance Industries gained another 0.9 percent following Friday's gains.
Software services exporter Wipro topped the buying list, rising 1.6 percent whereas its rivals TCS and Infosys were marginally down.
Auto stocks like Tata Motors, Bajaj Auto, Mahindra and Mahindra, Hero Motocorp and Maruti were up 0.4 percent ahead of monthly sales numbers tomorrow.
However, cigarette major ITC fell 0.7 percent. Private sector lenders ICICI Bank and HDFC Bank too were under pressure with marginall losses.
In the second line shares, Shriram Transport Finance was up 2 percent as The Economic Times reported that Piramal Group is in advanced talks to buy TPG’s 20.27 percent stake in the company.
Suzlon Energy lost 1.5 percent on profit booking while Piramal Life Sciences surged 4 percent.
Pipavav Defence gained 2 percent on receiving order worth Rs 400 crore from ONGC.
Chettinad Cement rallied 4 percent on delisting offer.
May 23 2013, 10:43
- in MARKET OUTLOOK
May 23 2013, 09:33
- in Technicals