The market is now trading higher. The significant buying witnessed in the Oil & Gas, Consumer Durables, Power and Auto stocks. However, the banking stocks are still under pressure. The BSE Mid Cap and Small Cap stocks are also trading with sati factory gains and have outperformed the benchmark index.
The overall market breadth is positive, as 1716 stocks are advancing while 684 stocks are declining and the 83 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 56.18 points at 6,527.69 and the BSE small Cap advanced by 119.74 points to trade at 8,060.85.
At 12.30 pm, BSE Sensex was at 15,817.15 up by 26.64 points and Nifty was at 4,774.95 up by 27.90 points.
BSE Oil & Gas index was trading 142.62 points higher at 10,713.65 as Cairn India (4.37%), RPL (4.12%), BPCL (3.54%) and Gail India (0.93%) are trading in green.
BPCL is planning to take non-petroleum revenue to a new level by setting up highway fuel station integrated with cinema halls and restaurants. It is keen to expand its non-petroleum business from the current turnover of Rs550 crore to touch Rs1,500 crore by 2011.
BSE Capital goods index advanced by 33.47 points to 12,895.94. The main gainers are Punj Lloyd (2.78%), Praj Industries (1.74%), Siemens (1.37%), ABB (1.69%) and L&T (0.38%).
BSE Metal index slipped by 21.06 points to trade at 13,757.97. The major losers are Jindal Steel (2.11%), Tata Steel (0.43%), Jindal Stainless (0.29%) and Ispat Industries (0.17%).
BSE Banks index dropped by 95.34 points to trade at 8,096.92. The top losers are Kotak Bank (2.21%), Centurion Bank of Punjab (1.46%), ICICI Bank (1.41%), Union Bank (0.89%) and Federal Bank (0.34%).
BSE Health Care index inclined by 10.12 points to trade at 3,973.99 as Divi’s Lab (6%), Cadila Heathcare (2.96%), Sun Pharma (1.48%) and Biocon (0.80%) are trading in positive.
BSE Power index increased by 17.69 points to trade at 3,105.62 as Reliance Energy (5.71%), GVK Power (2.83%), Tata Power (1.78%) and Power Grid (1.20%) are trading in positive.
BSE IT index grew by 6.67 points to trade at 3,711.76 as TCS (2.86%), Tech Mahindra (1.87%), Satyam Computers (1.68%) and Wipro (1.53%) are trading in green.
TCS has signed a new multi-year contract with car manufacturer Chrysler to provide a portfolio of IT services. The company will deliver IT application and maintenance support services to Chrysler. It also involves several functional areas such as sales & marketing, shared services, product development and after sales.
BSE Auto index inclined by 26.45 points to trade at 4,444.10. Leading to its gain are Mahindra & Mahindra (2.08%), TVS Motors (1.64%), Tata Motors (1%) and Maruti Suzuki (0.35%).
Tata Motors is planning to expand its business in Africa by setting up assembly facilities, mainly for its commercial vehicles.
BSE Realty index dropped by 13.88 points to trade at 7,278.88. Leading to its fall are IndiaBull Real (3.08%), Penland (2.10%) and DLF (0.41%).
The overall market breadth is positive, as 1716 stocks are advancing while 684 stocks are declining and the 83 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 56.18 points at 6,527.69 and the BSE small Cap advanced by 119.74 points to trade at 8,060.85.
At 12.30 pm, BSE Sensex was at 15,817.15 up by 26.64 points and Nifty was at 4,774.95 up by 27.90 points.
BSE Oil & Gas index was trading 142.62 points higher at 10,713.65 as Cairn India (4.37%), RPL (4.12%), BPCL (3.54%) and Gail India (0.93%) are trading in green.
BPCL is planning to take non-petroleum revenue to a new level by setting up highway fuel station integrated with cinema halls and restaurants. It is keen to expand its non-petroleum business from the current turnover of Rs550 crore to touch Rs1,500 crore by 2011.
BSE Capital goods index advanced by 33.47 points to 12,895.94. The main gainers are Punj Lloyd (2.78%), Praj Industries (1.74%), Siemens (1.37%), ABB (1.69%) and L&T (0.38%).
BSE Metal index slipped by 21.06 points to trade at 13,757.97. The major losers are Jindal Steel (2.11%), Tata Steel (0.43%), Jindal Stainless (0.29%) and Ispat Industries (0.17%).
BSE Banks index dropped by 95.34 points to trade at 8,096.92. The top losers are Kotak Bank (2.21%), Centurion Bank of Punjab (1.46%), ICICI Bank (1.41%), Union Bank (0.89%) and Federal Bank (0.34%).
BSE Health Care index inclined by 10.12 points to trade at 3,973.99 as Divi’s Lab (6%), Cadila Heathcare (2.96%), Sun Pharma (1.48%) and Biocon (0.80%) are trading in positive.
BSE Power index increased by 17.69 points to trade at 3,105.62 as Reliance Energy (5.71%), GVK Power (2.83%), Tata Power (1.78%) and Power Grid (1.20%) are trading in positive.
BSE IT index grew by 6.67 points to trade at 3,711.76 as TCS (2.86%), Tech Mahindra (1.87%), Satyam Computers (1.68%) and Wipro (1.53%) are trading in green.
TCS has signed a new multi-year contract with car manufacturer Chrysler to provide a portfolio of IT services. The company will deliver IT application and maintenance support services to Chrysler. It also involves several functional areas such as sales & marketing, shared services, product development and after sales.
BSE Auto index inclined by 26.45 points to trade at 4,444.10. Leading to its gain are Mahindra & Mahindra (2.08%), TVS Motors (1.64%), Tata Motors (1%) and Maruti Suzuki (0.35%).
Tata Motors is planning to expand its business in Africa by setting up assembly facilities, mainly for its commercial vehicles.
BSE Realty index dropped by 13.88 points to trade at 7,278.88. Leading to its fall are IndiaBull Real (3.08%), Penland (2.10%) and DLF (0.41%).
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