The market is still trading in green with significant gains on account of sustained buying continued across the board mainly led by the Capital Goods, Realty, Metal and Oil & gas stocks. The broader market has also joined the rally as strong buying also witnessed in the Mid Cap and Small Cap stocks. The overall market breadth remains extremely positive, as 1900 stocks are advancing while 590 stocks are declining on BSE. The BSE Mid cap is higher by 170 points at 6,938 and the BSE small Cap advanced by 286 points to trade at 8,535.
At 12.31 pm, BSE Sensex was at 16,121 up by 197 points and Nifty was at 4,861.90 up by 61.50 points.
BSE Capital goods index surged by 645 points to 13,986. The main gainers are L&T (7%), Siemens (6.09%), BHEL (1.99%) and ABB (0.72%).
BSE Metal index grew by 219.75 points to trade at 16,019.36. The major gainers are Hindalco Industries (1.52%), Tata Steel (1.23%) and NALCO (0.85%).
BSE Auto index increased by 60 points to trade at 4,714. Leading to its gain are Bajaj Auto (7.35%), Mahindra & Mahindra (2.24%), TVS Motors (1.85%) and Ashok Leyland (1.85%).
BSE Oil & Gas index was trading 259 points higher at 10,485 as Gail India (5.60%), RPL (3.64%), ONGC (3.40%) and Cairn India (2.23%) are trading in green.Gail India has shown interest in buying the Asian Development Bank''''s 5.2% stake in Petronet LNG Ltd.
BSE Banks index advanced by 162 points to trade at 8,601. The top gainers are HDFC Bank (2.44%), SBI (2.23%) and PNB (1.96%).
BSE Power index increased by 98 points to trade at 3,210 as Tata Power (4.26%), NTPC (3.23%), Suzlon Energy (2.80%) and Reliance Energy (0.72%) are trading in green.Tata Power is looking at expanding its reach by building power plants in Southeast Asia. It is also eyeing mines in Indonesia despite high coal prices and increasing cost of acquisitions.
BSE IT index fell by 11 points to trade at 3,560 as Satyam (3.90%), HCL Technologies (1.10%), TCS (1.08%) and Infosys Technologies (0.84%) are trading in red.
At 12.31 pm, BSE Sensex was at 16,121 up by 197 points and Nifty was at 4,861.90 up by 61.50 points.
BSE Capital goods index surged by 645 points to 13,986. The main gainers are L&T (7%), Siemens (6.09%), BHEL (1.99%) and ABB (0.72%).
BSE Metal index grew by 219.75 points to trade at 16,019.36. The major gainers are Hindalco Industries (1.52%), Tata Steel (1.23%) and NALCO (0.85%).
BSE Auto index increased by 60 points to trade at 4,714. Leading to its gain are Bajaj Auto (7.35%), Mahindra & Mahindra (2.24%), TVS Motors (1.85%) and Ashok Leyland (1.85%).
BSE Oil & Gas index was trading 259 points higher at 10,485 as Gail India (5.60%), RPL (3.64%), ONGC (3.40%) and Cairn India (2.23%) are trading in green.Gail India has shown interest in buying the Asian Development Bank''''s 5.2% stake in Petronet LNG Ltd.
BSE Banks index advanced by 162 points to trade at 8,601. The top gainers are HDFC Bank (2.44%), SBI (2.23%) and PNB (1.96%).
BSE Power index increased by 98 points to trade at 3,210 as Tata Power (4.26%), NTPC (3.23%), Suzlon Energy (2.80%) and Reliance Energy (0.72%) are trading in green.Tata Power is looking at expanding its reach by building power plants in Southeast Asia. It is also eyeing mines in Indonesia despite high coal prices and increasing cost of acquisitions.
BSE IT index fell by 11 points to trade at 3,560 as Satyam (3.90%), HCL Technologies (1.10%), TCS (1.08%) and Infosys Technologies (0.84%) are trading in red.
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