Stock Market

By Ruma Dubey
TCS pleasantly surprised everyone with its excellent Q2FY11 numbers while Wipro disappointed. Infosys actually set the mood and HCL Tech forewarned that there is still some time to say that the sector is completely out-of-the-woods.
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The Big Four have declared their Q2FY11 … – IT – THODI KHUSHI, THODA GHAM…

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Lead futures prices rose 1.19 per cent at Rs 115.20 per kg today largely in tandem with firming trend in base metals overseas.

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Zinc futures prices gained 0.80 per cent, to Rs 112.95 per kg today after traders covered up their short positions, driven by firming trend in the global markets.

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Buoyed by the firming trend overseas, along with pick up in domestic spot demand, nickel futures prices gained Rs 11.60 to Rs 1,075.10 per kg today.

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Silver futures prices were up 0.74 per cent at Rs 35,438 per kg today, as speculators created huge positions, tracking firming trend in the Asian region.

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Kotak Securities has maintained ?Buy? recommendation on Wipro even as the company reported disappointing quarterly results.

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Supported by firming trend in Asian trade and strong domestic demand, gold futures prices rose by Rs 97 to Rs 19,899 per 10 gram.

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Shares of BGR Energy extended gains to 2.5 percent after the company said it has bagged a 21.68-billion-rupee order from Thermal Powertech Corp for supercritical thermal power project.

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Tractors India is showing bullish crossover of all-time high of Rs 822.

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With a three weeks’ time horizon, we are looking for targets closer to Rs 1,450-1,500 for Aurobindo Pharma.

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