Sensex rallies 258 pts; DLF, Grasim on song @ 12:28 hrs

BSE, Sensex

After moving in a tight band for nearly a couple of hours, the Sensex has rallied smartly in early afternoon trade thanks to strong buying in realty, metal, oil and information technology stocks. Capital goods, power and bank stocks have also posted impressive gains. Auto and pharma stocks have edged higher now. Select FMCG stocks too have surged on renewed buying support.

Global meltdown and stock market

At 9420.43, around 30 points down from a high of 9449.05 it had touched a little past noon, the Sensex is now up by 257.81 points or 2.81% over its previous closing mark. The Nifty has posted a gain of 93.05 points or 3.34% at 2877.05.

Stock commentary ^Live

Realty major DLF has spurted 10.3% to Rs 243.85. Sterlite Industries has gained nearly 9% at Rs 272.20. Grasim Industries has gained 8.35% at Rs 1047.05. Reliance Communications has surged 7% to Rs 221.50.

Stock tips for investors

Wipro is up by 6.2% at Rs 253. Jaiprakash Associates, ONGC, Hindalco, Tata Steel, Reliance Industries, Satyam Computer Services, ICICI Bank, ACC, Tata Consultancy Services, HDFC Bank, Larsen & Toubro, Reliance Infrastructure, Bharti Airtel and NTPC have gained 2% - 6%.

Stockometer

Tata Power, Infosys Technologies, BHEL, HDFC, State Bank of India, Ranbaxy Laboratories and ITC are also up in the positive territory with impressive gains. Mahindra & Mahindra has edged up from its lower levels and is traded marginally up over its previous closing price. Maruti Suzuki and Tata Motors remain in the red, albeit with marginal losses.

Top gainers

SAIL is up nearly 10% at Rs 75.50. Tata Communications, Nalco, Suzlon Energy, Zee Entertainment and GAIL India have gained 6% - 8%. Ambuja Cements, Unitech, Idea Cellular, Reliance Power, Sun Pharmaceuticals, BPCL, Reliance Petroleum, Cairn India, Hero Honda, ABB, HCL Technologies and Cipla have also risen sharply now.

Worst losers

Crompton Greaves, Thermax, Usha Martin, Elecon Engineering, Kalpataru Power, Gammon India, Punj Lloyd, Havells India, Praj Industries, Bharat Earth Movers, Lakshmi Machine Works and Reliance Industrial Infrastructure are among the prominent gainers in the capital goods space.

Midcap stock Mercator Lines has vaulted 10.65% to Rs 25.55. GE Shipping has gained over 8% at Rs 157.70. Matrix Laboratories and REI Agro are up by 7.75% and 7.2% respectively.

BL Kashyap, Century Textiles, Yes Bank, Shree Precoated Steel, EID Parry, Berger Paints, Sintex Industries, EIH, IVRCL Infrastructure, Essar Shipping, TV 18, Bombay Dyeing, Moser Baer and BGR Energy are among the other major gainers in the midcap space.

SEARCH