Nifty tad below 8000; Lupin up, HCL Tech, Tata Motors down
At 9.38 AM the Sensex was trading 225 points higher and Nifty moved below the 8000 mark amid buying in IT, pharma and banking stocks. The 30-share index gained 537.99 points in two successive sessions owing to bigger-than-expected rate cut of 50 bps to 6.75 percent by the RBI on Tuesday.
IT leader Infosys reinforced its position as the top index gainer rising 2.68 percent and Lupin moved up further with 2.29% increase in the stock price.
Telecommunication stocks were trading under pressure and HCL Tech continued to remain top loser.In the midcap segment, Jubilant Food, Reliance Comm, Vakrangee, Ajanta Pharma gained. High-beta stocks were seen outperforming with healthcare index rising 1.5 percent, capital goods 0.9 percent.
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