Stock markets open firm today; 149 points up

Mumabi, Jun 14: After opening in the green the market climbed down and the overall breadth on the BSE Sensex turned negative.

At 1115 hrs, the Sensex was up 149 points, at 9,211, from a high of 9,387.06 struck in early trade. The Sensex yesterday closed at its lowest in six months by declining 413 points to 9062.65.

Today in an early trade TCS slipped into the red as State Bank of India, Hindalco, HDFC, Dr Reddy's Lab, L&T, Gujarat Ambuja Cements and NTPC had pared gains.

Some of the major gainers among smallcap and midcap segments were Man Industries, Vybra Auto, ITI, SREI Infrastructure Finance, Bombay Rayon, Unity Infraprojects, Shetron, Mahindra Gesco Developers, REI Agro, Lumax Industries, SRF, Indiabulls, Hotel Leelaventure and Mastek, gaining between 8-12 per cent.

Oil refining shares edged higher as crude price fell. HPCL jumped six per cent to Rs 227, BPCL rose 4.8 per cent to Rs 313 and Indian Oil Corporation gained 2.8 per cent to Rs 323.

TCS lost 1.8 per cent to Rs 1,542 and Infosys shed 0.04 per cent to Rs 2,640. Satyam Computer was up 1.2 per cent to Rs 595, off an earlier high of Rs 610.

Most of cement shares pared gains. Gujarat Ambuja Cements was up 1.1 per cent to Rs 87.45, off an earlier high of Rs 89.70. ACC was up by one per cent to Rs 711, off an earlier high of Rs 736.

Index heavyweight Reliance Industries was up 1.8 per cent to Rs 875, off an earlier high of Rs 893.

Asian markets held firm. Key benchmark indices in Hong Kong, Japan, South Korea, Taiwan and Singapore were up.

UNI

Related Stories