Banking, Tech, Auto, Metal and Pharma stocks are firm
Mumbai -- The markets are trading higher after posting a positive start. Frontline stocks like Bharti Airtel, SBI, Infosys and HDFC Bank are trading with gains. The BSE Sensex is trading above the 11k mark at 11049, up by 173 points and NSE Nifty is up by 41 points to 3223.
Banking stocks move further led by gains in SBI and Bank of Baroda. ICICI has gained by 1.6% to Rs. 556, SBIN is surged by 1% to Rs. 835, OBC has jumped higher by 1.2% to Rs. 171, HDFC Bank has gained by 2.2% to Rs. 796 and PNB is up by 1.4% to Rs. 386.
IT stocks are witnessing fresh buying. Wipro has surged by 1% to Rs. 507, Infosys has added 3% to Rs. 1711, Satyam Comp has advanced by 2% to Rs. 769, Rolta has surged 2.8% to Rs. 168 and Mphasis BFL has gained by 1% to Rs. 167.
Likewise, Auto stocks are up led by buying in heavy weights. Maruti has gained by 1.4% to Rs. 791, Bajaj Auto is up by 1.4% top Rs. 2577, Hero Honda has added 0.8% to Rs. 702, Bajaj Auto spurs by 1.3 % to Rs. 2576 on back of impressive sales numbers at 199,821 units (up 34%). However M&M has lost by 0.4% to Rs. 595.
Ranbaxy has surged by 5% to 395 as US court invalidates a Lipitor Patent, Ranbaxy may be able to sell copy a year earlier than expected. The scrip has touched an intra-day high of Rs. 400 and a low of Rs. 375 and has recorded volumes of over 16 lakh shares on NSE.
Bharti Airtel has gained by 2.6% to Rs. 403 after the company decided to invest $ 100mn for news services. The scrip has touched an intra-day high of Rs. 405 and a low of Rs. 390 and has recorded volumes of over6 lakh shares on NSE.
