16 August 2011

Sensex holds on to early gains


BSE benchmark Sensex held on to its 100 point opening trade gain though it lost about 60 points from day's high of 17,035.49. The broader indices also were lacklustre in trade.
Oil & gas, banking, technology, capital goods, cement and select auto companies' shares were supporting the market. However, the selling continued in GAIL, DLF, Maruti, Kotak Mahindra Bank and Reliance Capital, which fell 1-2%. Meanwhile, HDFC, Ranbaxy Labs and Reliance Infrastructure slipped over 0.5%.
The 50-share NSE Nifty gained 39 points at 5,112 and the 30-share BSE Sensex moved up 135 points to 16,975.
Heavyweights Reliance Industries, SBI, TCS, Bharti Airtel, BHEL, HDFC Bank and ICICI Bank gained 1-2%. ONGC and ITC moved up nearly 1%.

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