The benchmark Nifty started the first day of the week on a flat note with a positive bias, after factoring in the news of the earthquake in Japan. The cooling off crude oil prices was another reason that helped the markets - Brent crude slipped to USD 111.9 a barrel, down by USD 1.94/bbl.
Andrew Holland of Ambit Capital said investor sentiment hit due to tragic events in Japan. Oil price is a key issue for India, he said.
Among frontliners, Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Industries, ONGC, Suzlon, NTPC, SBI, ICICI Bank, Axis Bank, ACC and Tata Steel were leading the markets higher.
However, TCS, Infosys, Tata Motors, Maruti, Cipla, Sun Pharma, L&T, Sesa Goa, Kotak Mahindra Bank and HDFC Bank were witnessing selling pressure in early trade.
At 9:17 hours IST, the 30-share BSE Sensex gained 58 points at 18,232 and the 50-share NSE Nifty went up 22 points to 5,467,
The CNX Midcap gained 19 points at 7,624. About 348 shares advanced as against 344 shares declined on National Stock Exchange.
Midcap & Smallcap space:
Celebrity Fashions rallied another 8%.
Tata Coffee was up 4.5%. Kingfisher and Jet Airways went up 3% each.
Petronet LNG was up 1.5% and HOV Services surged 6%.
Hotel Leela Venture jumped 2%
JHS rallied 7% and Assam Company was up 1.5%.
However, Wockhardt tanked 10% as Bombay HC admitted winding up petition against the company. Wockhardt is likely to challenge Bombay HC decision.
Andrew Holland of Ambit Capital said investor sentiment hit due to tragic events in Japan. Oil price is a key issue for India, he said.
Among frontliners, Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Industries, ONGC, Suzlon, NTPC, SBI, ICICI Bank, Axis Bank, ACC and Tata Steel were leading the markets higher.
However, TCS, Infosys, Tata Motors, Maruti, Cipla, Sun Pharma, L&T, Sesa Goa, Kotak Mahindra Bank and HDFC Bank were witnessing selling pressure in early trade.
At 9:17 hours IST, the 30-share BSE Sensex gained 58 points at 18,232 and the 50-share NSE Nifty went up 22 points to 5,467,
The CNX Midcap gained 19 points at 7,624. About 348 shares advanced as against 344 shares declined on National Stock Exchange.
Midcap & Smallcap space:
Celebrity Fashions rallied another 8%.
Tata Coffee was up 4.5%. Kingfisher and Jet Airways went up 3% each.
Petronet LNG was up 1.5% and HOV Services surged 6%.
Hotel Leela Venture jumped 2%
JHS rallied 7% and Assam Company was up 1.5%.
However, Wockhardt tanked 10% as Bombay HC admitted winding up petition against the company. Wockhardt is likely to challenge Bombay HC decision.
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