Thursday January 31, 01:30 PM
Software continues... |
|
By Equitymaster.com
Though the bourses have cooled off in the past hour, tech continues to be in demand. The NASDAQ March futures are up marginally. Telecom PSUs continue to be buoyant ahead of divestment expectations. However, some key index pivotals are weak.
The BSE Sensex is at 3,322 (up 23 points) and the NSE Nifty is at 1,077 (up 10 points). The rupee is trading at Rs 48.55 per US dollar.
Software bandwagon chugs on. Infosys, Satyam, Digital, Wipro (WIPRd.BO, news) and VisualSoft (VISO.BO, news) are the key gainers. Second rung stocks like GTL and NIIT are also up. The NASDAQ's recovery last night continues to buoy sentiment. Moreover, the NASDAQ futures are up. Telecom PSUs are in great demand. Both MTNL and VSNL are in the reckoning. For VSNL financial bids process has started.
However, other index heavyweights like HLL, Reliance (RELI.BO, news) and SBI have been given a cold shoulder by investors. Cement majors like Guj Ambuja and Grasim are weak. However, ACC and L&T are key gainers.
Indian pharma heavyweights are lacklustre today. Cipla (CIPL.BO, news) , Sun Pharma (SUN.BO, news) and Dr. Reddy (REDY.BO, news) 's are near their yesterday levels. Ranbaxy is one of the key losers. Among others, Glaxo is weak. However, there is some buying seen in second rung pharma counters.
|
