Sensex set to end firm; ARSS Infra jumps on strong volumes @ 15:06 hrs
The market has shed a significant portion of its gains in late afternoon trade due to profit taking in several blue chip stocks.
Still, with just a few more minutes to go for the closing bell, the benchmark indices appear set to end on a fairly positive note today. The Sensex, which rose to 17,576.78, has drifted down to 17,493.78 and is up 110.60 points or 0.64% over its previous closing mark. The Nifty, which had eased to 5228.15 from a high of 5260.50, is up 0.58% or 30.05 points at present.
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PSU stocks have rallied sharply, and mirroring their surge, the BSE PSU index has gained over 2% now. Pharmaceuticals, metal, bank and capital goods stocks are trading firm. Information technology, power and oil stocks have given up most of their gains. Auto, FMCG and realty stocks have declined on profit taking.
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Midcap and smallcap stocks have declined sharply on selling pressure. The market breadth, which was quite strong for a major part of the session, has turned negative now.
Cipla, Idea Cellular, Hindalco, ICICI Bank, HCL Technologies, GAIL India, ABB, Wipro, HDFC and Larsen & Toubro are trading firm with notable gains.
Unitech has lost over 2% at Rs 73.45. Maruti Suzuki is down with a loss of 1.8%. Hindustan Unilever, Tata Power and BPCL have lost 1% – 1.25%. Mahindra & Mahindra, Ambuja Cements, Suzlon Energy, Cairn India and ACC are also trading weak.
article source: sify
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