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Metals add shine to morning deals

Metals add shine to morning deals
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First Published: Wed, Apr 06 2011. 10 49 AM IST
Updated: Wed, Apr 06 2011. 10 49 AM IST
Mumbai: Buying in metals and commodities stocks lifted Indian shares Wednesday morning. The Supreme Court has asked the Karnataka government to lift the ban on ore exports. Read more...
This helped shrug off the concerns of high crude prices, for now at least. Even though prices eased a bit, Brent crude is still trading at a high of $121.86 a barrel. Asian stocks on the other hand are trading mixed. Concerns that the US Federal Reserve might take steps to withdraw the stimulus are weighing on sentiment.
Sensex: 19,743 +0.29%
Nifty: 5,926 +0.28%
Nikkei: 9,644 +0.30%
Topix: 843 –0.38%
Sesa Goa is leading gains in the Nifty-50 stocks.
Sesa Goa: Rs 325 +3.26%
IDFC: Rs 166 +2.12%
BPCL: Rs 607 +2.06%
Grasim: Rs 2,612 +2.05%
Except banking, all BSE sectoral indices are trading up. Banking stocks lost ground after RBI Deputy Governor Subir Gokarn hinted towards further rate tightening to rein in inflation.
BSE Bankex: 13,402 –0.06%
BSE Realty: 2,451 +1.17%
BSE Metal: 16,865 +0.91%
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First Published: Wed, Apr 06 2011. 10 49 AM IST
More Topics: Markets update | Stocks | BSE | Sensex | NSE |