IIP Data Saves Buyers

MUMBAI, INDIA (GaeaTimes.com)- The Wednesday market is turning out to be fruitful for the Indian companies with the trading reports banking high on IIP Data. The leaders in the market are IT stocks and healthcare. Quite unexpectedly, all stocks for Telecom have witnessed a heavy downfall and all are reported to be treading really low for two straight trading sessions. The IIP Data are the only available counters in the market for the buyers at large. The current stands in the marketdepicts1467 gainers against 686 decliners.

Bharti Airtel was hovering by a range margin of 5%. Following Bharti Airtel was Idea Cellular reeling at 3.5%. The last in the row was Reliance Communication which have witnessed a downfall by 1.5%. It is likely that the IIP Data shall be a boost to all buyers decision in the market as the investors await the industrial production results which are due to come out on Wednesday. As for BSE (Bombay Stock Exchange) its currently trading at 17,212 which is a rise by 70 points at a rate margin of 0.41%. The SGX Nifty 50 share structure has recorded a growth by 20 points. This makes the Second-line stocks usher in huge gains in the current quarter.

Omaxe which has just clinched a whopping Rs.57-crore contract for the Air Force Naval Housing Board is leading all the way in IIP Data followed by Larsen Toubro which have recorded a hike by 0.56%. The company is said to be making out the very best out of their water business that witness sheer technology being put to use for a Rs.850 crore project of Turkey. Bajaj Auto is also up in the IIP Data by a margin of 0.90% along with Blue Star recording a 1.38% rise.