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Morning: Sensex up 1%; slightly volatile on mixed global cues

Morning: Sensex up 1%; slightly volatile on mixed global cues
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First Published: Mon, May 25 2009. 11 44 AM IST
Updated: Mon, May 25 2009. 11 44 AM IST
Mumbai: The Bombay Stock Exchange benchmark Sensex has rebounded by 1% on Monday morning after markets lowered briefly on mixed global cues.
Domestic indices opened on a positive note as most of Asian markets lost early gains after North Korea conducted a nuclear test.
The present buying interest is seen across realty, consumer durable and metal stocks whereas selling pressure has emerged across IT, oil & gas and banking counters.
At 11:30am, the 30-share BSE index was up by 107.96 points at 13,995.11 while the 50-share NSE Nifty was up by 21.35 points at 4,259.85.
Ranbaxy Laboratories Ltd surged by almost 7% to Rs235.75, topping the BSE gainers pack after the company announced top executive changes with Daiichi Sankyo members as dominant chiefs. Malvinder Singh also stepped down as CEO to give way to Atul Sobti.
Other gainers with DLF Ltd by 5.15% to Rs351.15, Jaiprakash Associate 4.50%at Rs181, Tata Power by 4.49% at Rs1,091.55, Reliance Communication by 4.04% at Rs328.3 and Sterlite Industries by 3.95% at Rs528.
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First Published: Mon, May 25 2009. 11 44 AM IST
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