Indian Stock markets witnessed a range-bound session on Thursday. NSE Nifty touched an intraday high of 5072 during the first hour of trading session. Around 12 pm, markets started losing early gains.

Some select metal counters were weak. SAIL was trading 1 percent higher compared to earlier close. SBI was down by 1 percent. Bank of

India and OBC were major gainers among banking stocks. HDFC Bank was marginally down after results announcement.

Technology, Banking and Real Estate stocks were trading strong. Satyam Computers and Infosys Technologies were trading strong.

United Spirits was up by 10% at Rs 1758. Oudh Sugar Mills was up by 10%.  Kothari Sugar and Chemicals was up by 10%.

Idea Cellular announced 44.6% rise in net profit at Rs 278 crore for the quarter ending March 31, 2008. The company reported a decent rise in revenue as well as the subscriber base growth was strong for the quarter.

EID Parry India recommended 25% dividend for the year ended March 31, 2008. The stock was trading strong in today’s trading session.