May 24, 2011
The NSE Nifty was trading marginally higher and held its 5400 mark very strongly. Some keen buying was seen in banks, capital goods and oil & gas stocks while realty, metals and FMCG stocks were major laggards to the Sensex.
Vibhav Kapoor of IL&FS, said that breaking of the 5,200-5,700 range on the downside will be a negative signal for the market in the medium term. He feels that with the oil prices coming 10% down from their peaks and commodity prices softening, the range would not break and the Nifty will continue to trade in the 5,200-5,700 range.
At 12.45 hrs IST, the Sensex was up 70.20 points or 0.39% at 18063.53, and the Nifty was up 27.90 points or 0.52% at 5414.45.
About 1234 shares advanced, 1296 shares declined, and 1112 shares remained unchanged
Top gainers on the Sensex were L&T at Rs 1,643.45 up 1.90%, ICICI Bank at Rs 1,022.50 up 1.58%, NTPC at Rs 170.25 up 1.28%, HDFC at Rs 654.85 up 1.12% and Cipla at Rs 312.90 up 1.08%.
Tech major Infosys was trading at Rs 2,860.00 up 0.86% from its previous close of Rs 2,835.70.
Top losers on the Sensex were DLF at Rs 216.95 down 2.73%, Hindalco at Rs 184 down 2.39%, Reliance Infra at Rs 538.30 down 1.8%, HUL at Rs 300.10 down 1.36% and Reliance Comm at Rs 81.10 down 1.04%.
FMCG major Hindustan Lever was trading at Rs 300.70 down 1.17% from its previous close of Rs 304.25.
Refinery major HPCL was trading at Rs 362.50 down 1% from its previous close of Rs 366.15.
Johnson & Johnson (J&J) will acquire JB Chemicals and Pharmaceuticals' OTC brands for USD 260 million, reports CNBC-TV18. JB Chemicals has touched an intraday high of Rs 150 and an intraday low of Rs 118.55. The share was quoting at Rs 126.70, down Rs 18.40, or 12.68%.
Top gainers on the BSE Midcap - TTK Prestige, eClerx Services, KGN Industries, Hathway Cable and S Kumars Nation were up 4-12%.
Top losers on the BSE Midcap - DB Realty, Mcleod, Aurobindo Pharma, GTL Infra and Guj NRE Coke were down 3-5%.
Top gainers on the BSE Smallcap - Smartlink Net, Hawkins Cooker, Shristi Infra, VasconEngg and TTK Healthcare were up 6-18%.
Top losers on the BSE Smallcap - JB Chemicals, Kalyani Invest, R M Mohite Ind, Shasun Pharma and Kewal Kiran were up 5-13%.
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