The July series has started on a positive note, with the Nifty reaching close to the crucial 5700 level. With FIIs showing strong interest in buying, analysts feel that the Nifty can reach higher levels in the current series, with mild pullbacks seen. Any dip in the market, would be used as a buying opportunity by the retail investors.
At 10 AM, the Nifty is at 5669, up by 22 pts or 0.4%.
RCOM has recorded a 3.2% gain. The stock is trading at 98.90. Unitech, from the real estate space, is up by 3.3% at Rs. 33.00
DLF has seen a jump of 2.3%.
JP Associates is up by 1.5%. Punj lloyd continues its upswing with 1.8% gains seen on the counter today.
Hindalco is up by 1.3%. Sterlite industries is up by 1.7%. SAIL is up by 0.7%.
ONGC is up by 2%. Suzlon energy is up by 1.9%