The market is now off the day’s high but is still trading higher as supportive buying continued across the board. The strong buying is seen in the IT, Consumer Durables, Oil & Gas and Realty stocks. The Mid Cap and Small Cap stocks have maintained their opening gains and are trading with satisfactory gains.
The overall market breadth is positive, as 1883 stocks are advancing while 593 stocks are declining and the 74 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 111.46 points at 6,715.88 and the BSE small Cap advanced by 161.19 points to trade at 8,365.58.
At 12.30 pm, BSE Sensex was at 16,307.52 up by 153.86 points and Nifty was at 4,909.35 up by 29.70 points.
BSE Metal index advanced by 240.20 points to trade at 14,257.84. The major gainers are Sesa Goa (4.23%), JSW Steel (3.36%), Ispat Industries (2.74%) and SAIL (2.25%).
As Rashtriya Ispat Nigam Ltd increased the prices of all its products by Rs6000 a tonne, so this set the path for Steel Authority of India to hike the prices, which it had held back for the past week.
BSE IT index surged by 183.70 points to trade at 4,046.18 as HCL Technologies (6.94%), Satyam Computers (5.76%), Infosys Technologies (5.70%), Wipro (2.59%) and TCS (1.44%) are trading in green.
HCL Technologies on Tuesday has declared its third quarter results. The company has posted a net profit of Rs. 263crore in the third quarter ended March 31, 2008, registered over 10% increase from the year-ago.
BSE Oil & Gas index was trading 143.90 points higher at 11,477.83 as Cairn India (3.27%), GAIL India (1.56%) and RPL (1.05%) are trading in green.
BSE Realty index increased by 107.97 points to trade at 7,446.93. Leading to its gain are Mahindra Life (5.92%), Omaxe Ltd. (5.58%), Parsavnath (4.52%) and HDIL (2.86%).
BSE Banks index improved by 80.76 points to trade at 8,083.16. The top gainers are Kotak bank (3.26%), ICICI Bank (2.23%), Andhra Bank (2.33%) and Canara Bank (2.22%).
BSE Capital goods index advanced by 24.91 points to 13,446.50. The main gainers are Praj Industries (2.92%), BEML (1.83%), Punj Lloyd (1%) and L&T (0.58%).
BSE Health Care index inclined by 32.15 points to trade at 4,081.50 as Cadila Healthcare (3.76%), Glenmark Pharma (2.14%), Ranbay Lab. (1.63%) and Glenmark Pharma (2.14%) are trading in positive.
BSE Power index increased by 14.36 points to trade at 3,238.10 as Torent Power (3.34%), Reliance Energy (3.14%), GVK Power (1.70%) and Tata Power (1.65%) are trading in positive.
Morgan Stanley has increased its stake in Reliance Energy by over 5% for Rs53.1 crore. It has acquired 461,563 shares, which is 0.20% stake in REL on April 8, which was calculated on the basis of the closing price of REL.
BSE Auto index inclined by 6.05 points to trade at 4,470.98. Leading to its gain are TVS Motors (0.29%), Ashok Leyland (0.13%), Maruti Suzuki (0.21%) and Hero Honda (0.04%).
The overall market breadth is positive, as 1883 stocks are advancing while 593 stocks are declining and the 74 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 111.46 points at 6,715.88 and the BSE small Cap advanced by 161.19 points to trade at 8,365.58.
At 12.30 pm, BSE Sensex was at 16,307.52 up by 153.86 points and Nifty was at 4,909.35 up by 29.70 points.
BSE Metal index advanced by 240.20 points to trade at 14,257.84. The major gainers are Sesa Goa (4.23%), JSW Steel (3.36%), Ispat Industries (2.74%) and SAIL (2.25%).
As Rashtriya Ispat Nigam Ltd increased the prices of all its products by Rs6000 a tonne, so this set the path for Steel Authority of India to hike the prices, which it had held back for the past week.
BSE IT index surged by 183.70 points to trade at 4,046.18 as HCL Technologies (6.94%), Satyam Computers (5.76%), Infosys Technologies (5.70%), Wipro (2.59%) and TCS (1.44%) are trading in green.
HCL Technologies on Tuesday has declared its third quarter results. The company has posted a net profit of Rs. 263crore in the third quarter ended March 31, 2008, registered over 10% increase from the year-ago.
BSE Oil & Gas index was trading 143.90 points higher at 11,477.83 as Cairn India (3.27%), GAIL India (1.56%) and RPL (1.05%) are trading in green.
BSE Realty index increased by 107.97 points to trade at 7,446.93. Leading to its gain are Mahindra Life (5.92%), Omaxe Ltd. (5.58%), Parsavnath (4.52%) and HDIL (2.86%).
BSE Banks index improved by 80.76 points to trade at 8,083.16. The top gainers are Kotak bank (3.26%), ICICI Bank (2.23%), Andhra Bank (2.33%) and Canara Bank (2.22%).
BSE Capital goods index advanced by 24.91 points to 13,446.50. The main gainers are Praj Industries (2.92%), BEML (1.83%), Punj Lloyd (1%) and L&T (0.58%).
BSE Health Care index inclined by 32.15 points to trade at 4,081.50 as Cadila Healthcare (3.76%), Glenmark Pharma (2.14%), Ranbay Lab. (1.63%) and Glenmark Pharma (2.14%) are trading in positive.
BSE Power index increased by 14.36 points to trade at 3,238.10 as Torent Power (3.34%), Reliance Energy (3.14%), GVK Power (1.70%) and Tata Power (1.65%) are trading in positive.
Morgan Stanley has increased its stake in Reliance Energy by over 5% for Rs53.1 crore. It has acquired 461,563 shares, which is 0.20% stake in REL on April 8, which was calculated on the basis of the closing price of REL.
BSE Auto index inclined by 6.05 points to trade at 4,470.98. Leading to its gain are TVS Motors (0.29%), Ashok Leyland (0.13%), Maruti Suzuki (0.21%) and Hero Honda (0.04%).
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