benchmark indices were trading higher amid volatility, as shares of banking, metal, auto, private power companies as well as Reliance Communication, Reliance Industries, DLF and BHEL were witnessing buying interest. Positive European markets were also helping our markets to stay higher.
However, selling was seen in NTPC, TCS, ONGC, Wipro, Infosys, Bharti, HUL, BPCL, HDFC and Hero Honda. Broader indices - BSE Midcap and Small cap indices were up over 3%. Market breadth was strong; about 2235 shares advanced while 743 shares declined. Nearly 113 shares were unchanged.
The Sensex was trading at 10,944, up 140 points and the Nifty was trading at 3,370, up 28 points, at 13:23 hours IST.
Top gainers were Tata Steel, Tata Motors, Sterlite Industries, HDFC Bank, SBI and Suzlon Energy, which gained 5-9%.
BSE Metal Index was up nearly 6% and Bankex surged 5%. Auto Index went up 2.8%. Healthcare and Capital Goods indices rose 1.5% each.
Monday, April 13, 2009
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