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Jul 13, 2012, 11.43 AM IST
The NSE Nifty and BSE Sensex were trading higher amid volatility, but the broader markets continued to outperform benchmarks. The BSE Midcap Index rose 0.6% and Smallcap went up 0.75%.
11:38
Country's largest lender ICICI Bank gained 0.66% while its rival HDFC Bank jumped 1.7% ahead of first quarter earnings today. Software services exporter TCS went up 1.65%, though it came off day's high whereas Infosys dropped 0.7%. State-owned oil & gas producer ONGC and top telecom operator Bharti Airtel were up 0.9% each. Drug producer Cipla topped the buying list, rising 1.8%. Housing finance company HDFC, cigarette major ITC and oil & gas producer Reliance Industries were marginally higher. However, Jindal Steel tanked 1.4%. Sun Pharma, Dr Reddy's Labs and Maruti were down over 0.5%. In the second line shares, Bajaj Corp, Tube Investment, DB Corp, Motilal Oswal and SRF gained 5-12%. Smallcaps like Surana Industries, Asian Hotel (W), Ruby Mills, Mangalore Chemical and Network 18 (Note: Web18, which owns Moneycontrol.com and Indiaearnings.com, belongs to the Network 18 Group) were up 6-10%.
10:28
Indian equity benchmarks continued to trade higher with around 0.5% gains each led by buying interest in banks, oil & gas, capital goods and telecom stocks. TCS remained higher by more than 2% after its net profit rose higher than expected by 12% QoQ to Rs 3,280.5 crore in the quarter ended June 2012.
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