Coal India, Sun Pharma and Tata Power rallied more than 2 percent ahead of their first quarter earnings today while BHEL remained under pressure before its June quarter earnings announcement.
12:25
Moneycontrol Bureau Equity benchmarks maintained strong momentum in noon trade with the Sensex rising 152.90 points to 25672.14 and the Nifty gaining 39.15 points to 7665.10.About 1306 shares have advanced, 1203 shares declined, and 133 shares are unchanged.
Coal India, Sun Pharma and Tata Power rallied more than 2 percent ahead of their first quarter earnings today while BHEL remained under pressure before its June quarter earnings announcement.
Tata Motors, the commercial vehicle maker and the owner of luxury car maker Jaguar Land Rover, maintained leading position in the buying list, up 6 percent post strong Q1 earnings. Credit Suisse increased earnings per share estimates by around 11 percent for FY15 and raised target price to Rs 510/share from Rs 480/share.
GAIL surged nearly 4 percent and HDFC shot up 3 percent. L&T, ONGC, NTPC, Cipla and Tata Steel climbed 1-2.7 percent. However, ITC, Infosys, TCS, Bharti Airtel, Mahindra and Mahindra, Reliance Industries, Hindalco, Hero Motocorp and SBI are under pressure.
11:00
Tata Motors is up 6 percent, while GAIL, ONGC, HDFC and Sun Pharma are top gainers in the Sensex. Among the losers are Bharti, M&M, BHEL, ITC and Infosys.
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10:16
GAIL India rebounded with 2 percent gains after Nomura maintains buy with a price target of Rs 525/share, saying it is a top pick in oil & gas sector as the outlook remains good for all segments and the correction in the stock price is an opportunity to accumulate.
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09:15
The Indian rupee was unchanged at 61.17 per dollar in opening trade on Tuesday compared to previous day's closing value.
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