The BSE Sensex surprised the investors today after it made a new landmark of 19249.26, its life time high. The market looks highly volatile in the morning but now stays firm with a positive gain. The market looks very unpredictable, as it has broken the shackles of dependency in foreign markets. The investors should be al little cautious in terms of fresh buying at this stage. Mid cap is higher by 159.78 points at 7,910.71 and small cap advanced by 183 points to 9,550.08.
The overall market breadth looks positive as 1809 stocks are advancing while 789 stocks are declining on BSE.
At 12.30pm, BSE Sensex is up by 398.84 points at 19,169.73 while Nifty was high by 118.6 points at 5688.85.
BSE CG is leading ahead by 747.84 points at 18,061.97. Baharat Earth Movers, L&T, Cropmton Greaves, and Suzlon are gaining by 7.01% at Rs. 1,605, 7.05% at Rs. 3,700, 3.07% at Rs. 403.05 and 3.69% at Rs. 1,981.30 respectively. The sector has witnessed heavy buying by Mutual Fund houses and retail investors.
BSE Metal index is gaining by a striking 547.92 points to trade at 16,972.44. Tata Steel gained by 3.35% at Rs. 1,022. Sterlite, Jindal Steel and SAIL are also moving high by 5.47%, 5.59% and at Rs. 974, Rs. 8,372 and Rs. 256.15 respectively. The surging prices of steel and base metal prices in London Metal Exchange have propelled the prices of Metal stocks. This industry has a huge potential in terms of catering the increasing world demand for metal.
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