Thursday January 17, 02:30 PM
Software turns hot... |
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By Equitymaster.com
The bourses have built on their gains in the last one hour. Software sector is receiving the bulk of buyer attention. US futures are buoyant and this may have contributed to the surge in tech stocks.
The BSE Sensex is at 3,396 (up 62 points) and the NSE Nifty is at 1,109 (up 19 points). The rupee is trading at Rs 48.29 per US dollar.
Infosys, Satyam, Digital and Wipro (WIPRd.BO, news) are leading the tech surge. Though the Wall Street collapsed yesterday owing to Intel and JP Morgan bad news, the US markets are anticipated to make a comeback tonight. The Dow futures is trading 52 points higher, and the NASDAQ futures is 17 points up.
Auto is seeing M&M as the big gainer. In the recent days, auto stocks have consistently gained owing to improved outlook for the sector. Telco, Punjab Tractors, TVS, Bajaj Auto (BJAT.BO, news) and Ashok Leyland (ASOK.BO, news) all have gained in the last few days, as a result of this.
Zee Tele (ZEE.BO, news) and Reliance (RELI.BO, news) Petro are the other two major gainers. Both seem to have benefited from the positivism in the markets.
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