Wednesday January 2, 10:30 AM
Lukewarm start... |
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By Equitymaster.com
The bourses have moved marginally higher on start of trading. However, traders opine that activity is lukewarm. Global markets were closed yesterday on account of the New Year. As investors return from their holiday season action is likely to pick up.
The BSE Sensex is at 3,257 (up 11 points) and the NSE Nifty is at 1,058 (up 3 points). The rupee is trading at Rs 48.28 per US dollar.
Technology counters that were beaten down yesterday have recovered some of their losses this morning. Among the gainers are Infy (1.6%), Sify (1.7%), Wipro (2.4%), Hughes (1.6%), Digital (1%) and HCL (HCLL.BO, news) Tech (2.5%). The rally seems to be more in the first run stocks.
Hero Honda (HROH.BO, news) (3.1), among auto stocks, is a key gainer. The motorcycle segment continues to zoom ahead. The company has announced yet another good performance for the month of November '01. Motorcycle sales were higher by 47%. Consequently, investors have jumped onto the counter.
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