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The Intraday Stock market, which pared some
gains after a fairly buoyant start, has been moving in a tight band since then
with investors mostly treading cautiously, tracking corporate earnings reports
and other announcements. The Intraday
stock market consolidates with the benchmark indices locked in a range. The
Sensex is up 56.24 points at 27270.84. The Nifty is up 6.70 points at 8244.85.
About 1345 shares have advanced, 817 shares declined, and 113 shares are
unchanged.
The benchmark BSE Sensex lost some of its early gains on mild profit-booking,
but was still trading higher 67 points following good buying support, mainly in
oil and gas, realty, healthcare, technology and IT sectors amid positive global
cues. Selling was seen in metal, capital goods, banking and auto sectors. Infosys,
Hindalco, Sun Pharma, SBI, Vedanta, Wipro and Lupin were other gainers in early
trade. Bharti Airtel and Idea Cellular look good for medium term.
Buy these stocks at declines.
Oil & gas and Pharma stocks are leading while banks, capital goods, metals
and autos are struggling. Reliance, Bharti, Sun Pharma, Infosys and Cipla are
top gainers in the Sensex. Tata Motors, Tata Steel, ONGC, L&T and ICICI
Bank are laggards. Reliance, Vedanta, Sun Pharma, GAIL and Lupin are top
gainers in the Sensex. Among the losers are Tata Motors, Tata Steel, L&T,
Maruti and ONGC.
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