The markets opened higher and continued their recovery from Tuesday’s trade. Buying was seen in infrastructure, metals and banking stocks. Midcaps and smallcaps also moved up following the benchmark indices. The Sensex touched the 15000 mark in the opening trade but retreated from the same level.

At 9:58 am, the Sensex was up 123 points, to 14,997 and the Nifty rose 32 points, to 4,558. The CNX Midcap went up 0.94%, to 5,560 and the BSE Smallcap Index gained 1.5% at 6345.

Among the frontliners, Tata Motors, Tata Steel, Suzlon Energy, Reliance Infrastructure, Hindalco, HDFC Bank, ACC, M&M, Tata Power, ABB, ICICI Bank and PNB were gainers. However, Unitech and Maruti were the losers.

Satyam jumped 6%, as SEBI cleared Tech Mahindra open offer for the company. Great Offshore was up just 0.6%, as Bharati Shipyard has decided open offer for Great Offshore at Rs 344/sh, subject to SEBI approval. Bharati Shipyard was up 5%. Essar Oil was up 3%, as the company is planning to raise USD 500 million via QIP (qualified institutional placement). Sasken Communication, Kale Consultants, Balaji Telefilms and FDC gained over 5%.

  • Stumbleupon
  • Delicious
Related Posts with Thumbnails

Related posts:

  1. Market hit Upper Circuit
  2. BSE SENSEX above 12K
  3. Tech Mahindra wins bid for Satyam at 58 Rs per share