Published on Thu, Sep 09, 2010 at 09:02 | Source : Moneycontrol.com
Updated at Thu, Sep 09, 2010 at 10:23
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Nifty maintains momentum; Bharti, SBI, RIL up
The benchmark Nifty started the day on a positive note and continued the momentum for fourth consecutive day. Financial, telecom, Tata group and select auto companies' shares were on buyers' radar
The benchmark Nifty started the day on a positive note and continued the momentum for fourth consecutive day. Financial, telecom, Tata group and select auto companies' shares were on buyers' radar.
At 9:01 hours IST, the Sensex was trading at 18759, up 93 points and the Nifty was at 5631, up 23.5 points.
Among the frontliners, HUL, Tata Steel, ICICI Bank, Bharti Airtel, Tata Motors, Hero Honda, Reliance Communications, Reliance Industries, Suzlon Energy, DLF, M&M and SBI, were witnessing buying interest.
However, ACC (profit booking), ONGC (ex-dividend), Sterlite, Infosys, HCL Tech and Ambuja Cements (profit booking) were under pressure.
Today's new listing - Gujarat Pipavav was trading at Rs 56, up Rs 10.70 or 23.26% over its issue price of Rs 46 a share.
The CNX Midcap rose 61 points or 0.7% to 9091. About 863 shares advanced while 148 shares declined on NSE.
Kale Consultants was up 4%.
Royal Orchid shot up 7%. Vindhya Telelinks shot up 10%.
LT Foods was up 6.5%, Kohinoor Foods up 1.4% and Thomas Cook up 3.8%.
Global cues:
Asian markets were trading mixed. Shanghai was down 0.345 while Hang Seng, Nikkei and Taiwan gained 0.2-0.8%.
