The market is trading higher as significant buying witnessed in the frontline indices mainly led the Bank and Oil & Gas stocks. However, the broader market is still trading lower as heavy selling continue in the Mid Cap and Small Cap stocks. The overall market breadth turns negative, as 498 stocks are advancing while 2235 stocks are declining and the 28 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 89.12 points at 9,351.33 while the BSE small Cap slipped by 260.26 points to trade at 12,598.37.
At 12.31 pm, BSE Sensex was at 20,671.23 up by 89.15 points whereas Nifty was at 6,157.60 up by 0.65 points.
BSE Banks index surged by 321.45 points to trade at 12,366.26. The top gainers are ICICI Bank (5.47%),AXIX Bank (4.01%), Bank of India (1.60%) and HDFC Bank (1.10%) are trading higher.
BSE Metal index grew by 60.51 points to trade at 18,830.65. The major gainers are Gujrat NRE (3.33%), Sterlite Industries (1.17%), Tata Steel (0.92%) and Ispat Industries (0.22%).
BSE Oil & Gas index was trading 163.45 points higher at 13,692.39 as Reliance (2.84%), ONGC (1.93%), BPCL (0.97%) and RPL (0.78%) are trading in green.
BSE Capital goods index dropped 190.60 points to 19,475.46. The main losers are ABB (3.06%), AIA Engineering (2.27%), Praj Industries (2.26%) and Punj Lloyd (1.31%).
BSE Auto index decreased by 9.27 points to trade at 5,431.08. Leading to its fall are MRF (3.93%), Mahindra & Mahindra (2.88%), Hero Honda (1.65%), Ashok Leyland (1.57%) and TVS Motors (0.90%).
BSE Power index declined by 40.18 points to trade at 4,660.45 as Suzlon Energy (3.15%), Tata Power (2.67%), Areva (1.70%) and Power Grid (1.04%) are trading higher.
BSE IT index slipped by 26.60 points to trade at 4,120.28 as HCL Tech. (2.43%), Tech Mahindra (1.62%), Wipro (1.35%), Satyam (1.20%) and Infosys (1.14%) closed in red.
The BSE Mid cap is lower by 89.12 points at 9,351.33 while the BSE small Cap slipped by 260.26 points to trade at 12,598.37.
At 12.31 pm, BSE Sensex was at 20,671.23 up by 89.15 points whereas Nifty was at 6,157.60 up by 0.65 points.
BSE Banks index surged by 321.45 points to trade at 12,366.26. The top gainers are ICICI Bank (5.47%),AXIX Bank (4.01%), Bank of India (1.60%) and HDFC Bank (1.10%) are trading higher.
BSE Metal index grew by 60.51 points to trade at 18,830.65. The major gainers are Gujrat NRE (3.33%), Sterlite Industries (1.17%), Tata Steel (0.92%) and Ispat Industries (0.22%).
BSE Oil & Gas index was trading 163.45 points higher at 13,692.39 as Reliance (2.84%), ONGC (1.93%), BPCL (0.97%) and RPL (0.78%) are trading in green.
BSE Capital goods index dropped 190.60 points to 19,475.46. The main losers are ABB (3.06%), AIA Engineering (2.27%), Praj Industries (2.26%) and Punj Lloyd (1.31%).
BSE Auto index decreased by 9.27 points to trade at 5,431.08. Leading to its fall are MRF (3.93%), Mahindra & Mahindra (2.88%), Hero Honda (1.65%), Ashok Leyland (1.57%) and TVS Motors (0.90%).
BSE Power index declined by 40.18 points to trade at 4,660.45 as Suzlon Energy (3.15%), Tata Power (2.67%), Areva (1.70%) and Power Grid (1.04%) are trading higher.
BSE IT index slipped by 26.60 points to trade at 4,120.28 as HCL Tech. (2.43%), Tech Mahindra (1.62%), Wipro (1.35%), Satyam (1.20%) and Infosys (1.14%) closed in red.
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