Midday Note: Markets have bounced back
Tuesday, July 14, 2009 1:30 pmMarkets witnessed profits in the mid-post noon trade as the NSE index stands over the 4050 mark. European markets cues are also promising, CAC index, the FTSE index and DAX index are high with 0.4% each.
28 stocks are on the high side among the 30-components of Sensex and only Hero Honda and ITC are in the negative zone. ICICI Bank, HDFC, Reliance Industries, L&T and BHEL were among the major earners. The Metal, Power, Realty and the Capital goods stocks are on a high.
The NSE rushed 100 points and the BSE 30-share rushed 323 points at 13,723 at 1:23 pm IST.
BHEL shares have rushed by more than 4.5% after it bagged contract valued at Rs.6.4bn from Adhunik Power for 270Mega Watt thermal power factory. The stock hit at Rs.2010 and got an intra-day up of Rs.2064 and a down of Rs.1987. Entire traded volumes remained at 0.38mn shares.
