Tata Steel, Satyam up; Ranbaxy down

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Mumbai: The Bombay Stock Exchange benchmark Sensex on Thursday opened on a positive note and the stocks that rose in the first trading session of the year included blue-chips like Tata Steel, Hindalco and Satyam Computer, among others.

The five stocks that investors put their money in included leading copper producer Sterlite Industries, flagship company of Aditya Birla group Hindalco Industries, steel major Tata Steel, infrastructure firm Jaiprakash Associates and IT firm Satyam Computer, which gained in the range 3-5 per cent in early morning trade.

All the five stocks opened on a bullish note on the BSE and then rallied ahead and were among the top gainers in morning trade.

Sterlite Industries witnessed an intra-day high of Rs 272.90, up 4.65 per cent from its previous close; Hindalco Industries touched a high of Rs 53.75, up 4.06 per cent; Tata Steel surged 3.71 per cent to Rs 224.90; Jaiprakash Associates soared 3.13 per cent to Rs 85.60; and Satyam Computer went up 5.02 per cent at Rs 178.70.

However, Maruti Suzuki, Ranbaxy Laboratories and NTPC got a thumbs down, making them the losers among the Sensex stocks.

Domestic auto major Maruti Suzuki slipped 0.56 per cent to touch an intra-day low of Rs 517.15 from its previous close. However, it was later quoting at Rs 521.30, up 0.23 per cent on the BSE.

Further, pharma major Ranbaxy Labs skid 1.90 per cent to touch an intra-day low of Rs 247.60 from its on Wednesday's close. The scrip was later trading at Rs 248.45, down 1.56 per cent.