Indian Stock markets were trading positive at 2 pm IST with BSE Sensex higher by 200 points, backed by Capital Goods, Metals, PSU and Banking Stocks. NSE Nifty was up by 70 points at 2785. Among major gainers were Real Estate majors DLF and Unitech. Tata Steel gained further ground. The stock was trading 7.4% higher at 196.
Among losers were BPCL (down by 4.1%), HCL Tech (down by 1.35%) and M&M (down by 1.2%). Technology stocks were trading marginally lower. Satyam Computers and Infosys Technologies were marginally lower.
Indian ADRs ended positive on Monday. Tata Communications, Sterlite, Wipro, HDFC Bank and MTNL were among major gainers.
Nagpur - based Confidence Petroleum has informed that it has acquired 80% equity stake in Garg Distilleries, for an undisclosed amount. 
Independent Director Mangalam Srinivasan announced her resignation from the board after the company called-off the Maytas Deal. Srinivasan had voted in favor of acquisition of Maytas Infra. Technical Analysts and Industry experts had questioned the role of Independent directors in the decision of Satyam promoters to acquire Maytas Infra.
Karvy Stock Broking Limited has maintained ‘buy’ rating on Reliance Industries Ltd (RIL) stock with an intraday target of Rs 1250. 
Stock market analysts have maintained ‘buy’ rating on Reliance Communications (RCom) stock with an intraday target of Rs 221. 
