Live: Sensex Showcases Smart Recovery, Rallies 460 Points From Lows

Sharemasterindia.com 3:21 p.m.: The European markets have also come off the intraday low levels. Germany's DAX was down 0.6 per cent, French CAC40 index was down 0.7 per cent and FTSE 100 was slipped 0.3 per cent.

3:12 p.m.: Hemen Kapadia of K R Choksey Securities says that one can buy HCL Tech, TCS and Infosys ahead of results.

3:08 p.m.: The Sensex has advanced 112 points at 28,204 and Nifty advanced 38 points to 8,523 levels. Analysts say that the sudden buying is coming on the back of short covering.

3:05 p.m.: Marksans Pharma, Sundaram Multi Pap, Elder Pharma, Arvind Remedies, Trident Ltd and Esaar (India) Ltd were among the top gainers from the small-cap space.

Nifty Gainers/ Losers

 Nifty Gainers/ Losers

Gainers
Symbol	LTP	% chng	Volume
CIPLA DRREDDY BPCL GRASIM ASIANPAINT	654.75 3,718.85 933.00 3,572.00 786.00	3.67 3.65 3.34 1.86 1.72	21,93,300 4,78,128 24,81,669 53,079 6,52,443

 

Losers
Symbol	LTP	% chng	Volume
VEDL NMDC TECHM HINDALCO POWERGRID	163.15 115.55 464.00 109.00 139.80	-3.00 -1.87 -1.61 -1.45 -1.20	58,39,253 21,23,276 26,48,416 44,80,122 11,66,541

Do visit for: NSE Top Gainers & Losers

Live: Sensex Off Day's Low; Recovers on Buying in Pharma, Oil Stocks

Sharemasterindia.com 1:40 p.m.: Real estate stocks are also witnessing buyers interest. The BSE realty index was up 0.5 per cent; HDIL, Oberoi Realty, DLF, NBCC, Sobha and Godrej Properties were among the top gainers.

1:28 p.m.: Kesoram Industries shares rose as much as 8 per cent to an intraday high of Rs 88.70 on Monday, extending its gain to nearly 15 per cent in two sessions.

 1:20 p.m.: Pharma stocks are leading the recovery in the markets. CNX pharma index has advanced over 1 per cent. Dr Reddy's Labs, Cipla, Divis Labs, Lupin and Sun Pharma were also among the top gainers.

Tilaknagar Industries Hits Upper Circuit on Stake Sale Talks

 Sharemasterindia.com: Tilaknagar Industries shares surged and hit upper circuit of 20 per cent on reports that Allied Blenders and Distillers is planning to acquire controlling stake in Tilaknagar Industries.

Tilaknagar Industries is in final rounds of talks with Allied Blenders and Distillers to sell its controlling stake. Kishore Chhabria and CMD of Tilaknagar Industries are slated to meet in London today.

Rupee Falls to 63.62 on Broad Dollar Gains

Mumbai(Sharemasterindia.com): After four days of rise, the rupee turned weak and declined by 18 paise to 63.62 against the US currency at the Interbank Foreign Exchange due to the dollar's gain against other currencies overseas.

Forex dealers said besides dollar strengthening against other currencies overseas, fresh demand for the American unit from importers and a lower opening in the domestic equity market put pressure on the rupee.

Kotak Mahindra Bank Gains as FIPB Raises Foreign Investment Limit

Sharemasterindia.com: Kotak Mahindra Bank shares surged over 2 per cent in an otherwise weak market to hit intraday high of Rs 1,463 after the Foreign Investment Promotion Board (FIPB) raised foreign investment limit in the stock to 55 per cent from 49 per cent earlier.

The stock was outperforming the benchmark Nifty which was down 0.7 per cent.

Live: Sensex Falls Over 300 Points as Greece Votes Against Austerity Measures

Sharemasterindia.com 9:30 a.m.: The broader markets were also reeling under selling pressure. The BSE mid-cap and small-cap indices fell 1 per cent each. From the mid-cap basket of stocks, Bharat Forge, JSW Energy, Motherson Sumi Systems, Union Bank, GMR Infra, Reliance Infra and BEL were among the top losers.

9:20 a.m.: The Sensex fell 300 points to hit intraday low of 27,777 and the Nifty fell close to 8,400 levels on the back of broad-based selling in the Indian markets after Greece voted against the austerity measures proposed by its creditors raising fears that it could go out of the Eurozone.