Business IdeasSensex off day's high; metal index up 3%
The Sensex has erased some of its gains and is now at 17,666, up 109 points. The NSE Nifty is at 5,267, up 34 points.
- JSW Steel zooms on robust growth in steel prod - Sensex firm; Hindalco up 5% - Novartis gains on plans of Alcon buy - Sensex gains in early trades - Godrej Properties commands 16% premium on debut - F&O OUTLOOK: Nifty to find stiff resistance above 5,300
Among the Sensex-30 pack, Hindalco has advanced 5.5% to Rs 172. The other prominent gainers include Jaiprakash Associates, Grasim Industries, Sterlite and Mahindra & Mahindra have added 3% each at Rs 159, Rs 2,628, Rs 903 and Rs 1,165, respectively.
DLF, Bharti Airtel, Reliance Communication and ICICI Bank are up 1% each.
The BSE metal index is up 3% at 18,282 and the realty index has advanced 1% at 3,914, respectively.
The market breadth remains positive, out of 2,800 shares traded, 1,830 have advanced and 883 have declined so far on the BSE.
VALUE & VOLUME TOPPERS
Tata Steel has topped the value chart on the BSE with a turnover of Rs 84.07 crore. It is followed by Tata Motors (Rs 52.59 crore), Hindalco (Rs 42.61 crore), Reliance (Rs 37.51 crore) and Sterlite Industries (Rs 35.42 crore).
Satyam Computer has led the volume chart on the BSE with trades of 15.49 million shares. It is followed by Kaashyap Technologies (13.16 million), Cals Refineries (12.94 million), Sanraa Media (9.10 million) and JSW Energy (8.77 million).