Tuesday 30 December 2014

Sensex, Nifty recover losses

The market has smartly recovered all-the-losses in the early noon deal, owing recovery in metal shares and appreciation in IT, Pharma and Bank Nifty.

As of 1330 hrs, the BSE Sensex is quoted at 27,387 - down eight points, and the NSE Nifty is unchanged at 8,245.


In the broader markets, the CNX Small-cap and Nifty Junior indices have gained over 0.5 per cent each at 5,200 and 18,475, respectively. The Mid-cap index has added 0.3 per cent at 12,444.

Among sectors, the CNX IT, Pharma and Bank Nifty indices have advanced 0.4 per cent each at 11,146, 10,862 and 18,593, respectively. On the other hand, the Metal and Energy indices have shed nearly a per cent each at 2,652 and 8,579, respectively.

The market breadth is slightly positive in early noon deals. Out of 1,734 stocks traded on the NSE so far 743 stocks have advanced, while 725 stocks have declined.

In the IT space, Hexaware is the top gainer - up over 2.5 per cent at Rs. 201. MphasiS has jumped almost 2 per cent at Rs. 372. KPIT has also rallied 1.4 per cent at Rs. 203.

Tech Mahindra has spurted a per cent at Rs. 2,617. eClerx, MindTree, NIIT Technologies and Info Edge have advanced over 0.5 per cent each.

Tata Elxsi. Infosys, Just Dial and HCL Technologies are the other notable gainers.

On the other hand, Oracle Financial has shed over a per cent at Rs. 3,360. CMC and Vakrangee are also down 0.2 per cent each at Rs. 1,922 and Rs. 123, respectively.

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