the 30-share BSE Sensex is currently at 18,423
Among heavyweights, Mahindra & Mahindra, Jindal Steel, ONGC, Tata Power, Cipla Bharti Airtel, Reliance Communication, TCS and BHEL are the top gainers. However, Jaiprakash Associates is losing 1.66%, ITC is down 1.44%, Hindalco is declining 1.07% and HDFC Bank is down around a percent. Reliance Industries, ICICI Bank, Reliance Infrastructure, DLF, HDFC and SBI are also trading in the red.
Trading in a narrow range, the 30-share BSE Sensex is currently at 18,423, up 21 points or 0.11%, while the 50-share Nifty is unchanged with a positive bias. The BSE mid-cap and small-cap indexes are up 0.5% and 0.76%, respectively. In the broader market, gaining shares are outpacing declining ones by 1559 to 736 shares.
Tractors & utility vehicles manufacturer Mahindra & Mahindra is rising 1.56% after it signed a preliminary agreement to buy a controlling stake in bankrupt South Korean carmaker Ssangyong Motor. State-run telephone equipment maker ITI is climbing almost 8% on stake sale reports.
Jindal Steel & Power is up a little over 2% after the Bolivian government provided to its subsidiary an additional 3,000 ares of land to resume work on a steel and iron ore project. Tata Steel is adding 0.77% on
think reports it is investing Rs 1000 cr in Orissa. Tata Motors, which is reportedly planning a $750 million DVR issue, is edging up 0.62%.
