Wednesday, December 22, 2010

Nifty trading above 6000 mark

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The benchmark Nifty started the trade on a mildly positive note amid volatility. Even Asian markets were quite in trade today. The index was holding the 6000-mark and the Sensex jumped above 20100 level. At 10:50 hours IST, the 30-share BSE Sensex was trading at 20097, up 37 points and the 50-share NSE Nifty rose 9 points to 6010.

Among frontliners, ICICI Bank, SBI, Bharti Airtel, PNB, Sesa Goa, Sterlite Industries, Infosys, Ambuja Cements, BHEL, Ranbaxy, Sun Pharma, ITC and HUL were on buyers' radar.However, Wipro, TCS, Hero Honda, ACC and Maruti Suzuki were witnessing selling pressure.

The CNX Midcap jumped 37 points at 8,740 and the BSE Smallcap Index went up 0.36% to 9,342. About 569 shares advanced while 177 shares declined on National Stock Exchange.

JSW Steel has put open offer for Ispat at Rs 20.54/share, which will open on February 12 and close on March 3. JSW Steel was up 0.5% and Ispat Industries jumped 4.5% to above Rs 22.

Patni promoters may have got 3 financial bids for stake sale, reports CNBC-TV18 quoting sources. The stock gained 2%.

Tanla Solutions shot up 5.7% and Essar Shipping up 5%. 3i Infotech, Indiabulls Financial, India Infoline, City Union Bank and Core Projects rallied 1-3%. However, Mahindra Satyam was down 1.8%, Shree Ashtavinayak down 4.7% and M&M Financial down 2.5%.


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