Active Stocks
Tue Mar 19 2024 15:58:41
  1. Tata Consultancy Services share price
  2. 3,977.55 -4.03%
  1. Tata Steel share price
  2. 148.65 -0.64%
  1. Bharti Airtel share price
  2. 1,227.85 0.23%
  1. Power Grid Corporation Of India share price
  2. 258.95 -2.28%
  1. ITC share price
  2. 409.50 -1.89%
Business News/ Opinion / Online-views/  Markets trim gains, technology scrips surge
BackBack

Markets trim gains, technology scrips surge

Markets trim gains, technology scrips surge

Premium

New Delhi: The markets trimmed their intra-day gains by noon with the benchmark index hovering at 16,327 levels - up 1.1% or 174 points. The 30-share index recorded a high of 16,413 levels during the morning trade.

The Nifty too cut its early morning gains to trade 24 points higher by mid-day. It is hovering at 4,904 levels.

In world markets, U.S. stocks gained on Tuesday as record oil prices lifted energy shares and stronger-than-expected quarterly results at several U.S. regional banks boosted financial companies.

Back home, Infosys Technologies contined its upward march, clocking a gain of over 5.5% or Rs85. Strength is also visible in TCS Ltd, Wipro, Tata Steel, HDFC, DLF Limited, Grasim Industries, Ranbaxy Laboratories, Satyam Computer and Reliance Energy.

Among sectoral indices, the BSE IT index is the biggest gianer that firmed up 4.3% in noon deals. BSE consumer durables, TECk, realty, oil and gas, metal and the BANKEX are also trading in positive turf.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 16 Apr 2008, 12:57 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App