IT, telecos help Sensex gain 232 points

3.30 p.m: A lackluster day ended with the Sensex closing at 15,970 up 232 points while Nifty closed the day 65 points higher at 4779.

Hero Motocorp closed the day nearly 4.9 percent higher, thanks to a late evening rally.

Bharti Airtel closed the day at Rs 345.50, up 4.5 percent, Idea closed at Rs 82.40 up 4.62 percent.

Infosys closed 3.2 percent higher at Rs 2780, TCS closed up 2.82 percent at Rs 1189.80 while Tech Mahindra closed 1.12 percent higher at Rs 571.

Hindustan Unilever touched a new all time high of Rs 420.25, it closed the day at Rs 419.

Reliance closed at Rs 759.90 up 1.7 percent on news of the company getting a clearance for its field development plan of KG D6 well.

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Sensex rises 250 pts, Bharti gains 4.5% on 3G issue

2.10 p.m: Fresh round of buying in Infosys and TCS is pulling markets higher. Though lack of volume and interest is clearly visible around the market.

Sensex currently trades at 15,960 up by 220 points while Nifty is trading at 4773 up by 58 points.

Infosys trades 2.5 percent higher at Rs 2762, TCS is up by 2.15 percent at Rs 1182.

Hindustan Unilever has touched a new all time high level of Rs 419.30.

Reliance pulls market to day’s high, Sensex rises 225 pts

1.10 p.m: A smart move in Reliance help pull market to the day’s high. Sensex touched a high of 15,971 but currently trades at 15,943.

Reliance trades at Rs 756 up 1.4 percent.Bharti Airtel continues to be the star performer, rising by 3.90 percent at Rs 343.40.

Tata Steel also is witnessing good buying interest and currently trades at Rs 355.50, up by 2.4 percent.

ITC, Tata Steel in limelight in a dull market

12.15 p.m: Markets trade in a very narrow range with Sensex at 15,918 up by 179 points while Nifty is at 4763, up 49 points.

Bharti continues to be the top performer, rising by 3.34 percent at Rs 341.75, followed by Hero Motocorp at Rs 1891 up 2.25 percent and Tata Steel at Rs 354.55 up 2.06 percent.

Consumer goods counters are showing some traction with ITC moving to the day’s high at Rs 205.5 while HUL is up 1.35 percent at Rs 417.15.

BF Utilities gains 5.5% on land title reforms

11.30 a.m: Markets continue to trade in a narrow range with Sensex trading at 15,914 up 175 points while Nifty trades at 4761, up 48 points.

Bharti Airtel trades 2.8 percent higher at Rs 340, the top gainer among frontline stocks followed by Hero Motocorp which trades at Rs 1890, up 2.16 percent.

TCS trades nearly 2 percent higher at Rs 1180 while Infosys trades 1.7 percent higher at Rs 2740.

BF Utilities gains 5.5% on land title reforms

10.45 a.m: Markets trade near the day’s high with the Sensex trading at 15,941 up by 202 points while Nifty is at 4770, up by 57 points.

Telecom stocks continue to trade higher with Bharti trading at Rs 341.95, up nearly 3.5 percent and Idea trading at Rs 81, up 2.8 percent.

IT companies have maintained their gains with TCS trading at Rs 1181, up 2.06 percent, Wipro at Rs 410 up by 1 percent and Infosys up by 1.5 percent at Rs 2733.

BF Utilities have moved sharply by 5.5 percent at Rs 310.50 after Karnataka government said that it will stand guarantee for land titles.

CRR cut rumors pull banks up, Bharti gains 3% on 3G issue

10.00 a.m: Markets have touched a new high with Sensex trading 200 points higher at 15,939.

Banking counters led by SBI and ICICI Bank have pulled the markets higher, along with telecom companies.

SBI trades 1.57 percent higher at Rs 1670, while ICICI Bank is up by 1.44 percent at Rs 732, on market rumors of CRR hike.

Bharti trades 3 percent higher at Rs 340.50, while Idea is also up by 3 percent at Rs 81.

Reliance is up by 1.25 percent at Rs 755.70, while IT counters have just joined the party with TCS rising by 2 percent to Rs 1179.80 and Infosys up by 1.20 percent at Rs 2727.20.

Hindustan Unilever has touched a new lifetime high of Rs 416.70.

No FII selling pressure; RIL, telcos recover in early trade

9.15 a.m: With major international markets inholiday mode, Indian markets are expected to be lackluster today. Volumes are expected to remain low throughout the week with markets moving marginally higher as FII selling pressure will be missing.

A sharp drop in foreign exchange reserve to $302.1 billion has virtually ruled out any intervention by the central bank to control the rupee.

BSE Sensex opened the day 60 points higher at 15,800 while NSE Nifty trades at 4730, up by 17 points.

Reliance trades marginally higher in initial trades at Rs 749 as the Oil ministry has saidthere will be no penalty to the company despite producing lesser quantity of gas as the Production Sharing Contract does not have any penalty clause.

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Telecom counters are witnessing some recovery with Bharti Airtel trading at Rs 336.35, up by 1.75 percent and Idea trading at Rs 81.15 up 3 percent, after the companies made a strong representation against banning of 3G roaming.

Bankng stocks too are witnessing some buying interest, especially the smaller PSU banks with Union Bank trading at 1.2 percent higher at Rs 172.7.

Capital goods stocks trade higher with Bhel up 1.45 percent at Rs 245.25 and L&T rising by 1.45 percent at Rs 1023.