After a sloppy start, Indian markets have stated a smart comeback led by gains in the Metal, Realty and the Pharma stocks. However, the IT, Oil & Gas and PSU stocks are witnessing some offloading.
Sentiments also got a boost after the Nikkei index in Japan hit 10,000mark for the first time since October 2008. Even the Hang Seng and the A&P/ASX 200 index in Australia are up by 0.5% each.
Among the 30-components of Sensex, 15 stocks are in the positive terrain and 15 are in the red.
At 11:49 am (IST), the BSE 30-share Sensex was up 31 points at 15,496 and the NSE Nifty was up 10 points at 4,665.
Shares of Satyam Computer have locked at 10% upper circuit for the third straight trading session on Thursday after the posting better than expected results.
The scrip has touched an intra-day high of Rs80.85 and a low of Rs80.85 and has recorded volumes of over 1.8mn shares on NSE.
Satyam gained 30% in three days, the stock hit a 52-week high of Rs494 on June 16, 2008 and 52-week low of Rs11.5 on Jan 9, 2009.
Hindustan Zinc announced that it hiked the prices of zinc and lead rates. The price of zinc was raised by Rs2,300 to Rs91,600 per metric ton.
Lead price was increased by Rs3,700 to Rs95,200 per metric ton.
The stock was marginally down by 0.5% to Rs619 after hitting an intra-day high of Rs630 and a low of Rs610 and has recorded volumes of over 17,000 shares on NSE.
