anilrgowda

Updated at 1225hrs: The Sensex is still up over 230 points (1.62%) at 14,635.

Market breadth continues to be bullish - out of nearly 2,450 scrips traded, over 1,635 have logged gains.

DLF has moved up 4% to Rs 503. ICICI Bank is up 4% at Rs 670.

Tata Motors has moved up over 3% to Rs 441. HDFC, Reliance Infra, HDFC Bank, SBI, L&T, Infosys and Wipro are also trading with gains.

Ranbaxy has slipped 3% to Rs 506. Tata Power is down 1% at Rs 1,036.

Updated at 1205hrs: The Sensex is still up over 225 points (1.58%) at 14,629.

The BSE Bankex and Realty index are up over 3% each. All the other sectoral indices are in the green. Market breadth continues to be bullish - out of over 2,400 scrips traded, nearly 1,600 have logged gains.

ICICI Bank is up 4% at Rs 670. DLF is also up 4% at Rs 503.

Tata Motors, HDFC, SBI, HDFC Bank and Reliance Infra are also trading with gains.

Ranbaxy has slipped 2% to Rs 512. Tata Power and Maruti are also weak.


Updated at 1145 hrs: The Sensex is now up 246 points at 14,648.

Out of 2325 scrips traded, 1582 have advanced and 682 have declined.

DLF has moved up 4% to Rs 503. ICICI Bank, Tata Motors and HDFC are also trading with gains.

Ranbaxy is down 0.5% at Rs 520. Tata Power is also trading with losses.

Updated at 1115 hrs: The Sensex is now up 221 points at 14,622.

Out of 2204 scrips traded, 1523 have advanced and 621 have declined.

ICICI Bank has moved up 3.9% to Rs 669. DLF, Rel Infra and HDFC Bank are also trading with gains.

Ranbaxy is down 0.9% at Rs 517. Sterlite is also trading with losses.

Updated at 1045 hrs: The Sensex is now up 228 points at 14,630.

Out of 1968 scrips traded, 1396 have advanced and 517 have declined.

ICICI Bank has moved up 4.1% to Rs 671. DLF, Rel Infra and HDFC Bank are also trading with gains.

Ranbaxy is down 0.2% at Rs 521. Tata Power is also trading with losses.

Updated at 1015 hrs: The Sensex is now up 255 points at 14,401.

Out of 1447 scrips traded, 1152 have advanced and 259 have declined.

DLF has moved up 4.4% to Rs 505. ICICI Bank, Rel Infra and HDFC Bank are also trading with gains.

HUL is down 0.7% at Rs 243. Tata Power and Ranbaxy are also trading with losses.


Sensex opens 261 pts at 14,662; a 1.68% change

MUMBAI: Sensex is expected to start higher on Monday, bolstered by a sharp drop in oil prices and firmer overseas markets, but rising inflation could keep a lid on gains.

Oil CLc1, India's biggest import, extended a decline and was hovering just above $114 a barrel after tumbling 5.4 % on Friday, on diminishing supply concerns and easing geopolitical tensions as Russia withdrew the bulk of its troops from Georgia.

Asian stocks rebounded from a two-year trough as the lower oil prices lifted exporter shares. U.S. stocks rallied on Friday to score their best daily gain in two weeks as hopes that Lehman Brothers may attract a major investor lifted financial stocks and falling oil prices soothed worries about inflation.

"We are expected to open up with a gap largely on overseas cues," Arun Kejriwal, strategist at research firm KRIS, said.

"But I reckon any gains would be capped around 2 % at the end of the day as concerns about our markets have not changed."

Data released on Thursday showed India's annual inflation in early August at 12.63 %, the highest since annual numbers in the current series became available in 1995, and analysts said the rate could top 14 %.

The 30-share BSE index rose 1.11 % to 14,401.49 on Friday, but is down 29 % so far this year.

Data also showed advance tax payments by top 10 firms were up only 7 % for the June quarter with smaller firms making up the shortfall.

By 0331 GMT, Tokyo's Nikkei was up 2.1 % and MSCI's measure of other Asia Pacific stocks climed 1.3 %. The Nifty futures SINc1 traded in Singapore was 1.8 % up.

Source : UTVi Stock Market News: Sensex up 230pts, DLF gains 4%