The Sensex, which slipped into the red in late morning trade after remaining positive for a better part of the session, has edged up into the positive territory on resumption of trade after a break for sun outage. At 14,901.62, the Sensex is up with a sharp gain of 92.13 points or 0.62% at present. The Nifty has gained 0.81% or 36.65 points at 4539.75.
Bharti Airtel, ACC, Reliance Energy, BHEL, ONGC, Reliance Communications, Satyam Computer Services and Tata Consultancy Services have rallied smartly and are up by 2% - 4.5% over their previous closing levels now. Ambuja Cements, Cipla, DLF, Infosys Technologies, Maruti Suzuki, NTPC, Ranbaxy Laboratories and Wipro have also gained significant ground in the positive territory.
Hindalco, Tata Steel, Mahindra & Mahindra, Tata Steel and Jaiprakash Associates are the prominent losers besides bank majors ICICI Bank, HDFC Bank and State Bank of India. Banking sector heavyweights ICICI Bank (down 2%), HDFC Bank (down 4.9%) and State Bank of India (down 2.35%) have declined sharply on sustained selling pressure. Yes Bank, the biggest loser in the Bankex at present, is down by over 11% at Rs 131. Union Bank of India and Canara Bank have lost nearly 6% now. Bank of Baroda, Federal Bank, Oriental Bank of Commerce, Karnataka Bank, Allahabad Bank, Axis Bank, Federal Bank and Kotak Bank are down by 3% - 5% from their previous closing levels. Andhra Bank and Bank of India are also down with sharp losses. Punjab National Bank is down with a loss of 0.6% at Rs 454.15. Indian Overseas Bank, the lone gainer in the index, is up by around half a per cent at Rs 130.50. Among other bank stocks, Bank of Maharashtra and Syndicate Bank have posted minor gains. Vijaya Bank, Dena Bank, IDBI, UCO Bank, J&K Bank and Corporation Bank have declined sharply while Central Bank of India and Indian Bank are up with smart gains.
Source: Sify
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