Equity were trading with good gains though there was some profit booking at higher levels. Anil Dhirubhai Ambani Group (ADAG), oil & gas, technology, realty, power, capital goods and select financial companies' shares were helping the markets at 10:50 hours.
However, the sell-off in HDFC, ITC, HUL, Dr Reddy's Labs and Sun Pharma pulled the Nifty marginally below 5600. ADAG companies' shares like Reliance Power, Reliance Communications, Reliance Capital and Reliance Infrastructure rallied 4-7% on short covering after 2G Trial court dismissed plea for charging Anil Ambani. These stocks had fallen quite sharply yesterday.
However, the sell-off in HDFC, ITC, HUL, Dr Reddy's Labs and Sun Pharma pulled the Nifty marginally below 5600. ADAG companies' shares like Reliance Power, Reliance Communications, Reliance Capital and Reliance Infrastructure rallied 4-7% on short covering after 2G Trial court dismissed plea for charging Anil Ambani. These stocks had fallen quite sharply yesterday.
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