The market has given up its early morning gains and is trading marginally higher. The heavy selling witnessed in the Bank and Auto stocks as Finally RBI has kept the rates unchanged. The Reserve Bank kept bank rate unchanged at 6%, short-term borrowing (reverse repo) was kept intact 6%, lending (repo) at 7.75%. Cash Reserve Ratio was retained at 7.5%.The broader market is also trading in a cautious mode. Hoever, the significant buying witnessed in the IT and Oil & Gas stocks. The overall market breadth remains positive, as 1,362 stocks are advancing while 1,258 stocks are declining and the 38 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 47 points at 8,034 and the BSE small Cap advanced by 81 points to trade at 10,385.
At 12.32 pm, BSE Sensex was at 18,230 up by 77 points and Nifty was at 5,302.65 up by 28.55 points.
BSE IT index inclined by 83.01 points to trade at 3,742.97 as Infosys (3.39%), Wipro (2.46%), HCL Technologies (0.83%) and TCS (0.82%) are trading in green.
BSE Oil & Gas index was trading 80.95 points higher at 11,159.06 as Cairn India (5%), RPL (0.83%), RNRL (0.55%) and ONGC (0.42%) are trading in green.
BSE Power index grew by 36.21 points to trade at 3,948.87 as Suzlon Energy (3.62%), Tata Power (1.90%), GVK Power (1.57%) are trading in green.
BSE Health Care index inclined by 28.90 points to trade at 3,674.61 as Sun Pharma (5.24%), Fortis Health Care (2.89%), Cipla (2.11%) are trading higher.
BSE Metal index dropped 16.83 points to trade at 15,426.42. The major losers are Jindal Steel (2.69%), Sterlite Industries (2.41%), Jindal Saw (1.12%) and Hindalco Industries (0.75%).
BSE Banks index declined by 249.36 points to trade at 11,271.86. The top losers are ICICI Bank (4.87%), PNB (4.68%), HDFC Bank (4.40%) and SBI (1.82%) are trading lower.
BSE Auto index decreased by 57.90 points to trade at 4,868.24. Leading to its fall are Maruti Suzuki (4.47%), Bajaj Auto (4.45%), Hero Honda (2.98%), Apollo Tyres (1.15%).
The BSE Mid cap is higher by 47 points at 8,034 and the BSE small Cap advanced by 81 points to trade at 10,385.
At 12.32 pm, BSE Sensex was at 18,230 up by 77 points and Nifty was at 5,302.65 up by 28.55 points.
BSE IT index inclined by 83.01 points to trade at 3,742.97 as Infosys (3.39%), Wipro (2.46%), HCL Technologies (0.83%) and TCS (0.82%) are trading in green.
BSE Oil & Gas index was trading 80.95 points higher at 11,159.06 as Cairn India (5%), RPL (0.83%), RNRL (0.55%) and ONGC (0.42%) are trading in green.
BSE Power index grew by 36.21 points to trade at 3,948.87 as Suzlon Energy (3.62%), Tata Power (1.90%), GVK Power (1.57%) are trading in green.
BSE Health Care index inclined by 28.90 points to trade at 3,674.61 as Sun Pharma (5.24%), Fortis Health Care (2.89%), Cipla (2.11%) are trading higher.
BSE Metal index dropped 16.83 points to trade at 15,426.42. The major losers are Jindal Steel (2.69%), Sterlite Industries (2.41%), Jindal Saw (1.12%) and Hindalco Industries (0.75%).
BSE Banks index declined by 249.36 points to trade at 11,271.86. The top losers are ICICI Bank (4.87%), PNB (4.68%), HDFC Bank (4.40%) and SBI (1.82%) are trading lower.
BSE Auto index decreased by 57.90 points to trade at 4,868.24. Leading to its fall are Maruti Suzuki (4.47%), Bajaj Auto (4.45%), Hero Honda (2.98%), Apollo Tyres (1.15%).
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