Among automobile stocks, Maruti Suzuki
is up 1.8% on strong results. Hero Motocorp and Tata Motors
are up 1.8% and 1.4%, respectively, while Mahindra & Mahindra
is up 2%. Bajaj Auto
is trading 0.8% up.
Ashok Leyland is down 0.6% at Rs 24.85. According to reports, the company is planning to offload stake in some of its subsidiaries and also in IndusInd Bank
Ltd, hoping to garner about Rs 500 crore. The firm will use proceeds of the sale to pay off part of its Rs 3,500-crore debt.
Among the stocks in the Realty index, Anant Raj Industries
, Phoenix Mills
and Prestige Estates are up 1.7% - 3.5%. Godrej Properties, Indiabulls Real Estate
, Parsvnath Developers
, Sobha Developers
are also trading notably higher.
Among the stocks in the Bankex, heavyweights State Bank of India
, HDFC Bank
and ICICI Bank
are up with modest gains. Bank of India
and Yes Bank
are up 3% and 2.3%, e respectively. Axis Bank
Bank, Punjab National Bank
and Union Bank of India
are also trading in positive territory.
Among IT stocks, heavyweights Tata Consultancy Services
(0.5%) and HCL Technologies
(3%) are trading firm. Hexaware Technologies
has gained 3.6% and Mahindra Satyam
is trading higher by 2.2%. Financial Technologies
and Tech Mahindra
are also trading firm.
Cairn India is up 2.3%. Ranbaxy Laboratories
, GAIL India
, Bajaj Auto, Lupin
are also trading higher.
BPCL, Reliance Infrastructure
, Reliance Industries
, Sun Pharmaceutical
Industries, Hindustan Unilever
, Ultratech Cement, ONGC
, Asian Paints
are all down in negative territory, losing 0.4% - 1.4%.
HDIL is down nearly 2% on huge volumes. On the National Stock Exchange, over 14.3 million shares have been traded so far at the HDIL counter this morning.
Jet Airways has gained 2.2% at Rs 625 on strong volumes, on reports the company will sell a 24% stake to Etihad Airways.
Suzlon Energy has gained nearly 3% on impressive volumes following an announcement from the company that the group has bagged 22 MW repeat order from Sri Kumarswamy Mineral Exports Private Limited.
Glenmark Pharmaceuticals rose sharply this morning following an announcement from the company that its step down US subsidiary, Glenmark Generics Inc., has secured final approval from the United States Food and Drug Administration for Mupirocin Calcium Cream.
In the currency market, the rupee eased to 53.92 against the U.S. dollar, losing 24 paise. On Thursday, the rupee had ended flat at 53.68 against the greenback.