india stock market July 26 2011, Nifty hits 5700 , share BSE Sensex up

Indonesia stock info - india stock market July 26 2011, Nifty hits 5700 share BSE Sensex up, ; he benchmark Nifty was positive in the opening trade, with hitting 5700 mark. But the index could not hold that mark due to volatility. Asian markets were quite supportive.

The market could be waiting for RBI policy - experts feel that there could be 25 basis points hike in key rates today.

At 9:20 hours IST, the 30-share BSE Sensex was trading at 18,909, up 38 points and the 50-share NSE Nifty rose 10 points to 5,690.

Sterlite Industries (up 1.5% post numbers) Cairn (up 1% ahead of earnings), Sesa Goa, BHEL (gains over 1% ahead of Q1 results), Sun Pharma, ACC, Reliance Infrastructure, Reliance Capital, Tata Steel, Jaiprakash Associates, L&T, SBI and ONGC were witnessing buying interest in early trade.

However, Bharti Airtel and Reliance Communications fell 1-1.5% on profit booking. ICICI Bank too was down.

Heavyweight Reliance Industries turned into the red after initial spike; it seemed that the stock has priced in Q1 numbers in yesterday's trade.

The CNX Midcap Index was trading at 8,234, up 20 points. Market breadth was positive- about 552 shares advanced against 287 shares declined on National Stock Exchange.

UTV Software jumped 7% on delisting news.

MindTree gained 2.5%. Glenmark Pharma shot up 3% ahead of numbers.

Orient Paper, Amrutanjan Healthcare and Mudra Lifestyle went up 2-3%.

Bank of Maharashtra was up 3.5% post earnings.

BILT too was up 1.5%. However, Zee News, Mastek, Bank of India and Dhanalaxmi Bank (post numbers) were down 1.5-3%.

Idea Cellular fell 1% on profit booking.


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