At 11:42 hours IST - the 50-share NSE Nifty washed out early trade gains and started consolidation again after yesterday's late trade upmove. Index rallied in last one hour of trade on Thursday and continued till today's morning trade, ahead of stress test results of 91 Europen banks.
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Metal, cement, healthcare, realty and PSU oil & gas companies' shares wiped out early trade gains. HDFC, HDFC Bank, TCS, Reliance Communications, Power Grid, Tata Power and M&M were other losers in trade. However, buying continued in Reliance Industries, Wipro, Infosys, SBI, Axis Bank, ITC, L&T, Idea Cellular, ICICI Bank, Bharti, BHEL, Reliance Infra, HCL Tech, Siemens, Tata Motors, Hero Honda, Maruti and Reliance Power, which were supportive the markets.Read full article here
