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Sensex attempts 20K again

December 26th, 2007

Sensex is up 144 points and crossed the 20K mark in the first few minutes of trade. Nifty too is trading strong and is up about 30 points as volumes are starting to pick up.

ACC, DLF, State Bank of India, Tata Motors, Tata Steel, M&M are looking strong. Bharti Airtel, ONGC are marginally in the red. Deccan Aviation is up Rs. 4.55 after the news of a block deal in the script.

State Bank of India, ICICI Bank, Kotak Mahindra Bank and Union Bank of India are showing good volumes on Banking stocks. SBI, Corporation Bank and Bank of India are up by over 1% on the Nifty.

IT Stocks are trading mixed today. Large cap IT stocks such as Infosys, Satyam, TCS, HCL are in the red while midcap IT stocks are getting increased attention. Tata Elxsi, HCL Insys, Hexaware, CMC, IFlex, Subex, Rolta, Tech Mahindra and GTL are up by 1% in the first hour of trade.

ITI is up Rs. 5.8 and is trading at Rs. 63.85 levels. Arvind Mills is up Rs. 2.35. Power grid is trading at 138.6 levels.

Entry Filed under: Equity Markets, BSE, NSE, Opening trade