Trade gives up some gains ; Sensex , Nifty hikes slowly …

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Markets give up some gains. Sensex up 40 points at 21,866 while Nifty trades 3 points higher at 6,515. Market analyst Sarvendra Srivastava says Nifty has immediate support at 6480 and expect fresh momentum to build post 6570. He maintains Nifty target at 6700-6800.

Sanjay Sinha, founder of Citrus Advisors, says the current rally in Indian equities has more steam left. Investors are buying stocks in sectors that did not participate in previous rally, he added.

Sensex is up 76 points at 21,902 while Nifty rises 14 points to 6,525.85.

Sun Pharma was up 3.3 per cent to be the biggest gainer among Nifty stocks. ITC, Wipro, and ICICI Bank were among other major gainers. Maruti was down 1.5 per cent over fresh concerns over Gujarat plan.

Markets recover on buying in pharma, IT and banking stocks. Sensex is up 92 points while Nifty gains 18 points.

Export oriented sectors like IT & pharma are the major gainers today in Nifty as rupee weakens, with Sun Pharma taking the lead by posting a gain of 3.23 per cent. Among other gainers are Wipro (1.71 per cent), TCS (1.35 per cent), Lupin (0.88 per cent), Dr.Reddys Lab ( 0.77 per cent) & Cipla (0.74 per cent).

Markets continue to trade lower. Sensex off 36 points while Nifty is down 20 points. Just Dial and L&T Finance Holding have moved up after their inclusion in F&O segment. Just Dial was up 6 per cent while L&T Finance Holdings rose 3.5 per cent.

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