After a positive gap up opening, key indices have further gained momentum led by the metals stocks. Also the firm cues from the Asian markets have lifted the sentiments. The Nikkei index and the Hang Seng index both have gained by 4% each. At 11:22 am (IST), the BSE 30-share Sensex was up 251 points at 10,215 and the NSE Nifty was up 81 points at 3,054.
Among the 30-componets of Sensex, 25 stocks were in the positive terrain and 5 stocks were in the red. ICICI Bank, Reliance Industries, L&T and ONGC were among the major gainers. On the other hand, Infosys, HDFC Bank and Maruti were among them major laggards.
Market breath was strong, 1,422 stocks advanced against 614 declines, while, 62 stocks remained unchanged.
Gujarat NRE Coke have surged by over 3.5% to Rs31.6 after reports stated that it the company is in the process of setting up a one-million-tonne coke making plant near Krishnapatnam in Andhra Pradesh. The scrip has touched an intra-day high of Rs32 and a low of Rs31.2 and has recorded volumes of over 1,00,000 shares on NSE.
Shares of Lanco have advanced by 2.5% to Rs172.8 after reports stated that the company has emerged as the sole bidder for the Punjab government's 1,200 MW thermal plant at Rajpura. The scrip has touched an intra-day high of Rs177 and a low of Rs171 and has recorded volumes of over 2,00,000 shares on NSE.
Elder Pharmaceuticals have gained by 2.6% to Rs265 after reports stated that the company has entered into a manufacturing and marketing agreement with Japanese pharma company, Daiwa Pharmaceuticals. The scrip has touched an intra-day high of Rs268 and a low of Rs262.
Shares of IVRCL Infra have surged by over 5% to Rs146 after the company announced that it received order worth Rs8.93bn. The scrip has touched an intra-day high of Rs149 and a low of Rs134 and has recorded volumes of over 21,00,000 shares on NSE.
