 "Markets trade near day highs on strong IIP data")
Markets rebounded smartly in noon deals with buying interest seen in auto and banking shares. The Sensex took cue from the IIP data and touched a high of 20,097. The index is now up 144 points or 0.7% at 20,082. Nifty is down 37 points at 6,087.
India's industrial production growth rose at a pace of 2.5 per cent in March, after its moderate growth of 0.6 per cent in February 2013. The Index of Industrial production had registered a growth rate of 2.4 per cent in January 2013.
BSE mid and small cap indices however, underperformed the benchmark index. The indices are down 0.3% each.
Maruti Suzuki India has moved higher by nearly 4% to Rs 1,721 after the Japanese yen hit a fresh four-year low against the dollar.
Other auto shares also gained smartly. Tata Motors, Mahindra & Mahindra and Bajaj Auto were up 1-2.5% each. Dr Reddy's, Hindalcom HDFC Bank and ITC were among the key gainers.
Meanwhile, Coal India slipped 3.2% at Rs 300. Jindal Steel, Sun Pharma, Cipla and Reliance shed 1-2% each.
IT hardware company HCL Infosystems today reported a standalone net loss of Rs 14.96 crore for the quarter ended March 31, 2013 against a net profit of Rs 20.02 crore in the year-ago period. HCL Info was down 2.8% at Rs 36.40.
BSE market breadth remained neutral. Out of 1,754 stocks traded, 847 stocks declined while 826 stocks advanced.
India's industrial production growth rose at a pace of 2.5 per cent in March, after its moderate growth of 0.6 per cent in February 2013. The Index of Industrial production had registered a growth rate of 2.4 per cent in January 2013.
BSE mid and small cap indices however, underperformed the benchmark index. The indices are down 0.3% each.
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BSE auto index added 2% to 11,261. Consumer durables, Bankex and FMCG indices are up 1-2% each. Weakness in metal names has taken the BSE metal index down marginally, mirroring cues from the London Metal Exchange.
Maruti Suzuki India has moved higher by nearly 4% to Rs 1,721 after the Japanese yen hit a fresh four-year low against the dollar.
Other auto shares also gained smartly. Tata Motors, Mahindra & Mahindra and Bajaj Auto were up 1-2.5% each. Dr Reddy's, Hindalcom HDFC Bank and ITC were among the key gainers.
Meanwhile, Coal India slipped 3.2% at Rs 300. Jindal Steel, Sun Pharma, Cipla and Reliance shed 1-2% each.
IT hardware company HCL Infosystems today reported a standalone net loss of Rs 14.96 crore for the quarter ended March 31, 2013 against a net profit of Rs 20.02 crore in the year-ago period. HCL Info was down 2.8% at Rs 36.40.
BSE market breadth remained neutral. Out of 1,754 stocks traded, 847 stocks declined while 826 stocks advanced.