The market has maintained its opening rally and continued to trade higher. The BSE Sensex has crossed the 20,000 mark and the Nifty also surpassed the 6,000 levels. The heavy buying is seen in the Metal, Capital Goods and Oil & Gas stocks. The BSE Mid Cap and BSE Small Cap are also trading in line with the benchmark index. The overall market breadth remains positive, as 2249 stocks are advancing while 595 stocks are declining and the 25 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 144.23 points at 9,355.94 and the BSE small Cap advanced by 267.87 points to trade at 12,248.44.
At 12.31 pm, BSE Sensex was at 20,039.34 up by 185.22 points whereas Nifty was at 6,033.05 up by 47.95 points.
BSE Metal index surged 435.36 points to trade at 19,256.15. The major gainers are Sterlite Industries (2.99%), Hindalco Industries (2.99%), Tata Steel (2.31%) and SAIL (0.74%).
BSE Capital goods index increased 399.80 points to 19,623.68. The main gainers are ABB (2.95%), L&T (2.44%), BHEL (2.25%) and Siemens (0.80%).
BSE Oil & Gas index was trading 252.46 points higher at 12,930.78 as RPL (2.76%), GAIL (2.28%), BPCL (2.22%) and Cairn (2.15%) are trading in green.
BSE Banks index advanced by 153.52 points to trade at 11,255.26. The major gainers are SBI (2.83%), ICICI Bank (0.58%) and HDFC Bank (0.29%).The government is planning to issue bonds of varying maturities to the State Bank of India to fund its rights entitlement in the upcoming public offering by the bank. Also the bank has planned to merge all its associates'' banks with itself by the end of March 2009.
BSE Power index inclined by 82.76 points to trade at 4,435.97 as Crompton Greaves (4.48%), Power Grid (3.88%), GMR Infrastructure (3.69%) and GVK Power (3.52%) are trading higher.
BSE IT index declined by 33.79 points to trade at 4,547.82 as HCL Technologies (1.84%), TCS (1.80%), Wipro (1.31%), Satyam (1.09%) and Infosys (1.05%) are trading in negative territory.
The BSE Mid cap is higher by 144.23 points at 9,355.94 and the BSE small Cap advanced by 267.87 points to trade at 12,248.44.
At 12.31 pm, BSE Sensex was at 20,039.34 up by 185.22 points whereas Nifty was at 6,033.05 up by 47.95 points.
BSE Metal index surged 435.36 points to trade at 19,256.15. The major gainers are Sterlite Industries (2.99%), Hindalco Industries (2.99%), Tata Steel (2.31%) and SAIL (0.74%).
BSE Capital goods index increased 399.80 points to 19,623.68. The main gainers are ABB (2.95%), L&T (2.44%), BHEL (2.25%) and Siemens (0.80%).
BSE Oil & Gas index was trading 252.46 points higher at 12,930.78 as RPL (2.76%), GAIL (2.28%), BPCL (2.22%) and Cairn (2.15%) are trading in green.
BSE Banks index advanced by 153.52 points to trade at 11,255.26. The major gainers are SBI (2.83%), ICICI Bank (0.58%) and HDFC Bank (0.29%).The government is planning to issue bonds of varying maturities to the State Bank of India to fund its rights entitlement in the upcoming public offering by the bank. Also the bank has planned to merge all its associates'' banks with itself by the end of March 2009.
BSE Power index inclined by 82.76 points to trade at 4,435.97 as Crompton Greaves (4.48%), Power Grid (3.88%), GMR Infrastructure (3.69%) and GVK Power (3.52%) are trading higher.
BSE IT index declined by 33.79 points to trade at 4,547.82 as HCL Technologies (1.84%), TCS (1.80%), Wipro (1.31%), Satyam (1.09%) and Infosys (1.05%) are trading in negative territory.
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