Public RelationsFirm trend prevails
The Sensex after having touched a high of 17,121 in opening trades, has continued to displaying firm trend and is now up 119 points at 17,077.
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The NSE Nifty is up 37 points at 5,064.
Sterlite continues to lead the Sensex gainers list with a gain of nearly 5% at Rs 810. BHEL has surged 3.7% to Rs 2,506.
Hindalco and Jaiprakash Associates have also rallied nearly 3% each to Rs 129 and Rs 237, respectively.
Tata Steel, Larsen & Toubro and HDFC Bank have gained 2.6% each at Rs 524, Rs 1,725 and Rs 1,702, respectively.
Tata Motors and Reliance Infrastructure are up around 2% each.
IT stocks are witnessing selling pressure in the backdrop of a rising rupee. The Indian currency has firmed to a fresh 12-month high at 46.77/$. Infosys has dropped 2.7% to Rs 2,248. TCS and Wipro have slipped around 2.5% each to Rs 598 and Rs 585, respectively.
Maruti has shed 1.7% at Rs 1,570, and Hindustan Unilever is down 1% at Rs 279.
The market breadth is fairly positive - out of 2,494 stocks traded so far, 1,774 have advanced, 642 have declined and the rest are unchanged.