Sector movers: Pace still up after Indian deal

4th Feb 2011 16:20

Pace is still making gains after it confirmed yesterday the recent press speculation of a large deal with the Indian satellite TV company, Tata Sky. The technology hardware and equipment sector is in the blue as a result.Tata Sky is a joint venture between the Indian conglomerate Sky and the media group News Corporation. The report in the Times on Wednesday said that analysts expect the Indian pay TV market to hit 50m subscribers by 2014.Oil and gas producers are on their way down after investors failed to be excited by updates from Aurelian Oil & Gas and San Leon Energy.Europe-focused oil and gas company Aurelian announced it is setting up a subsidiary to refocus its Romanian activities on the Voitinel discovery and Carpathian Fold belt, and sell off non-core assets.Oil explorer San Leon Energy has completed a 60 square kilometre 3D seismic program over the Szczecinek block in northern Poland. The firm, which has a 50% interest in the "high potential oil play" now has enough data to locate and permit well locations for a planned drilling program. An exploration well is planned for later this yearTop performing sectors so far todayLife Insurance 4,457.41 +1.75%Technology Hardware & Equipment 770.97 +1.67%Fixed Line Telecommunications 2,414.30 +1.39%Gas, Water & Multiutilities 4,467.18 +1.24%Electronic & Electrical Equipment 2,944.33 +1.08%Bottom performing sectors so far todayHealth Care Equipment & Services 3,952.69 -1.06%Oil & Gas Producers 8,500.90 -1.03%Oil Equipment, Services & Distribution 25,204.10 -0.56%Food Producers & Processors 4,918.04 -0.39%Travel & Leisure 4,892.50 -0.29%