The market is now off the day’s high and slipped down to trade in the negative territory as selling continued in the selective scrips. The Bank, Oil & Gas, Realty and Consumer Durables stocks are out of favor today while significant buying witnessed in the IT, FMCG and Auto stocks. However, the Mid Cap and Small Cap stocks have maintained their opening gains and are trading higher.
The overall market breadth is positive, as 1406 stocks are advancing while 1107 stocks are declining and the 72 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 26.32 points at 7,173.27 and the BSE small Cap advanced by 30.61 points to trade at 8,815.92.
At 12.30 pm, BSE Sensex was at 17,309.46 down by 69 points and Nifty was at 5,175.60 down by 19.90 points.
BSE IT index grew by 81.97 points to trade at 4,319.78 as TCS (2.55%), Infosys Technologies (2.49%), Wipro (1.39%), and Satyam Computer (1.19%) are trading in green.
TCS has bagged an eight year end to end IT application services contract worth of Rs454 crore from Scottish Water, a UK based firm. As per this contract, the company will consolidate Scottish Water’s existing applications and transform information management to enhance delivery of IT services to the business.
BSE Auto index improved by 49.49 points to trade at 4,696.11 as Tata Motors (2.40%), Mahindra & Mahindra (1.67%) and Maruti Suzuki (1.21%) are trading in positive.
Mahindra & Mahindra plans to launch an ultra-low-cost tractor to drive deep into the rural market. The tractor would cost around Rs 2 lakh and meet all the basic standards.
BSE Metal index decreased by 28.69 points to trade at 16,164.28. The major losers are NALCO (2.79%), Sterlite Industries (2.46%), Hindalco Industries (0.88%) and Tata Steel (0.85%).
SAIL will invest 50% in Steel Industries Limited Kerala (SILK) for manufacturing high quality steel. A MoU for the joint venture will be signed on May 3 in Kozhikode.
BSE Capital goods index increased by 60.11 points to 13,991.28. The main gainers are Siemens (1.42%), ABB (0.52%) and BHEL (0.49%).
BSE Power index inclined by 25.27 points to trade at 3,361.61 as NTPC (1.49%), Power Grid (1.14%), and Suzlon Energy (0.84%) are trading in positive.
BSE Health Care index increased by 20.16 points to trade at 4,268.78 as Cadila Healthcare (5.94%), Divi’s Lab (4.48%), Fortis Healthcare (1.86%) and Glaxosmith (1.03%) are trading in positive.
BSE Banks dropped by 75.33 points to trade at 8,889.42. The main losers are HDFC Bank (1.99%), ICICI Bank (1.40%), PNB (0.22%) and SBI (0.20%) are trading in red.
BSE Oil & Gas index was trading 38.85 points lower at 11,622.41 as Cairn India (3.47%), ONGC (1.69%), ABN Off shore (1.23%) and RNRL (0.20%) are trading in red.
BSE Realty index declined marginally by 0.95 points to trade at 8,649.29. Leading to its fall are Anant Raj Industries (1.79%), DLF (1.42%), Penland (0.47%), Unitech (0.24%) and HDIL (0.12%).
The overall market breadth is positive, as 1406 stocks are advancing while 1107 stocks are declining and the 72 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 26.32 points at 7,173.27 and the BSE small Cap advanced by 30.61 points to trade at 8,815.92.
At 12.30 pm, BSE Sensex was at 17,309.46 down by 69 points and Nifty was at 5,175.60 down by 19.90 points.
BSE IT index grew by 81.97 points to trade at 4,319.78 as TCS (2.55%), Infosys Technologies (2.49%), Wipro (1.39%), and Satyam Computer (1.19%) are trading in green.
TCS has bagged an eight year end to end IT application services contract worth of Rs454 crore from Scottish Water, a UK based firm. As per this contract, the company will consolidate Scottish Water’s existing applications and transform information management to enhance delivery of IT services to the business.
BSE Auto index improved by 49.49 points to trade at 4,696.11 as Tata Motors (2.40%), Mahindra & Mahindra (1.67%) and Maruti Suzuki (1.21%) are trading in positive.
Mahindra & Mahindra plans to launch an ultra-low-cost tractor to drive deep into the rural market. The tractor would cost around Rs 2 lakh and meet all the basic standards.
BSE Metal index decreased by 28.69 points to trade at 16,164.28. The major losers are NALCO (2.79%), Sterlite Industries (2.46%), Hindalco Industries (0.88%) and Tata Steel (0.85%).
SAIL will invest 50% in Steel Industries Limited Kerala (SILK) for manufacturing high quality steel. A MoU for the joint venture will be signed on May 3 in Kozhikode.
BSE Capital goods index increased by 60.11 points to 13,991.28. The main gainers are Siemens (1.42%), ABB (0.52%) and BHEL (0.49%).
BSE Power index inclined by 25.27 points to trade at 3,361.61 as NTPC (1.49%), Power Grid (1.14%), and Suzlon Energy (0.84%) are trading in positive.
BSE Health Care index increased by 20.16 points to trade at 4,268.78 as Cadila Healthcare (5.94%), Divi’s Lab (4.48%), Fortis Healthcare (1.86%) and Glaxosmith (1.03%) are trading in positive.
BSE Banks dropped by 75.33 points to trade at 8,889.42. The main losers are HDFC Bank (1.99%), ICICI Bank (1.40%), PNB (0.22%) and SBI (0.20%) are trading in red.
BSE Oil & Gas index was trading 38.85 points lower at 11,622.41 as Cairn India (3.47%), ONGC (1.69%), ABN Off shore (1.23%) and RNRL (0.20%) are trading in red.
BSE Realty index declined marginally by 0.95 points to trade at 8,649.29. Leading to its fall are Anant Raj Industries (1.79%), DLF (1.42%), Penland (0.47%), Unitech (0.24%) and HDIL (0.12%).
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