Current Market View

Monday, June 13, 2011

Sensex rises 0.3 per cent; HDFC slips

MUMBAI: Indian markets rose 0.3 per cent in early trade on Tuesday, with banks leading the rise, taking cues from strong Asian markets.

At 9:17 a.m. (0347 GMT), the 30-share BSE index was up 0.32 percent at 18,324.92 points, with 26 components advancing.

Top mortgage lender Housing Development Finance Corp dropped 1.5 percent after sources said Citigroup had decided to reduce its stake in the firm to about 10 percent from 11.4 percent via stock market deals.

Data from the Bombay Stock Exchange showed a block deal of 16.5 million shares, or 1.12 percent of HDFC .

The 50-share NSE index was up 0.4 percent at 5,502.75.

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