Sensex pares some gains after rising nearly 130 points in early trade

Sensex pares some gains after rising nearly 130 points in early trade

Last Updated: Wed, Mar 06, 2013 04:23 hrs
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It's a firm start for stocks on the Indian bourses this morning with investors tracking positive global cues and indulging in some brisk buying in opening trades. Shares from realty, capital goods, PSU, oil and information technology sectors have moved higher.

Meal, bank and power stocks too are quite steady, while automobile, healthcare, consumer durables and FMCG stocks are a bit subdued amid cautious moves.

The BSE benchmark Sensex, which spurted to 19,271.58 in early trades, gaining nearly 130 points in the process, is currently at 19,218.29, up 75.12 points or 0.39% from its previous close. The Nifty index of the National Stock Exchange is up 15.60 points or 0.27% at 5799.85, more than 20 points off an early high of 5821.

Larsen & Toubro, up 2.2% at Rs 1424, is the top gainer in the Sensex, followed by ONGC, which is trading higher by a little over 2% at Rs 322.20. IT majors Wipro and Infosys are up 2% and 1.5% at Rs 441.50 and Rs 2964, respectively.

Hindalco, Sterlite Industries, Coal India, Tata Motors and Reliance Industries are up 1% - 1.4%. State Bank of India, Tata Power, BHEL, Bajaj Auto, ICICI Bank, Sun Pharmaceutical Industries and HDFC Bank are also trading firm.

Bank of Baroda, Jaiprakash Associates, Cairn India, Punjab National Bank, IDFC and Siemens are up 1% - 2.2%. Reliance Infrastructure, Axis Bank and HCL Technologies are also up with smart gains.

Meanwhile, Hindustan Unilever, GAIL India, Mahindra & Mahindra, Maruti Suzuki, Ambuja Cements and Cipla are trading lower by 1% - 1.4%. Bharti Airtel, Ranbaxy Laboratories, Kotak Bank, ACC, Lupin and Dr Reddy's Laboratories are also trading weak.

MMTC has moved up by over 6% on strong volumes. On the National Stock Exchange, the MMTC counter has clocked a volume of over 1.28 million shares so far this morning.

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