The market has shed some of its opening gains after the announcement of inflation numbers. Inflation numbers for the week ended May 10 stood lower at 7.82% for the week ended May 10 as compared to 7.83% in earlier week. This figure is still higher than the market expectation of 7.78%. The most selling pressure in the Metal, and Auto stocks. However the Consumer Durables, Pharma, IT and FMCG stocks are facing the buying momentum. The broader market is also trading higher.
The overall market breadth is positive, as 1362 stocks are advancing while 1121 stocks are declining and the 89 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 19.06 points at 7,068.31 and the BSE small Cap advanced by 41.22 points to trade at 8,705.06.
At 12.30 pm, BSE Sensex was at 16,975.75 up by 68.46 points and Nifty was at 5,038.70 up by 13.25 points.
BSE IT index inclined by 36.30 points to trade at 4,454.53 as HCL Technologies (2.09%), Infosys Technologies (0.68%), Satyam Computer (0.55%) and TCS (0.01%) are trading in green.
BSE Oil & Gas index was trading 54.61 points higher at 11,271.15 as BPCL (4.99%), Gail India (1.24%), RPL (0.64%) are trading in green.
Gail India will soon sign an agreement with Jammu and Kashmir government for setting up city gas distribution network in eight districts. The company has submitted the revised and final draft MoU to the state in March this year in connection with the project. The project will help in promoting usage of natural gas, its fractions and polymer products.
BSE Metal index dropped by 186.07 points to trade at 16,966.98. The major losers are Sterlite Industries (3.32%), Hindalco Industries (1.95%Tata Steel (1.30%) and SAIL (0.83%).
BSE Capital goods index inclined by 21.05 points to 13,362.96. The main gainers are ABB (0.98%), Punj Lloyd (0.47%), Siemens (0.47%) and SKF India (0.27%).
BSE Bankex index is trading higher by 39.13 points at 8,415.02. Gainers are Bank Of India (1.96%), Yes Bank (1.73%), HDFC Bank (1.31%) and SBI (0.68%).
BSE Realty increased by 27.55 points to 7,720.89. Leading to its gain are Mahindra Life (1.88%), HDIL (1.47%), Penland (0.54%) and Omaxe Ltd. (0.34%).
BSE Power index advanced by 12.63 points to trade at 3,245.45 as Suzlon Energy (2.33%), Areva (1.44%), Reliance Power (0.51%) and Torent Power (0.19%) are trading in positive.
The overall market breadth is positive, as 1362 stocks are advancing while 1121 stocks are declining and the 89 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 19.06 points at 7,068.31 and the BSE small Cap advanced by 41.22 points to trade at 8,705.06.
At 12.30 pm, BSE Sensex was at 16,975.75 up by 68.46 points and Nifty was at 5,038.70 up by 13.25 points.
BSE IT index inclined by 36.30 points to trade at 4,454.53 as HCL Technologies (2.09%), Infosys Technologies (0.68%), Satyam Computer (0.55%) and TCS (0.01%) are trading in green.
BSE Oil & Gas index was trading 54.61 points higher at 11,271.15 as BPCL (4.99%), Gail India (1.24%), RPL (0.64%) are trading in green.
Gail India will soon sign an agreement with Jammu and Kashmir government for setting up city gas distribution network in eight districts. The company has submitted the revised and final draft MoU to the state in March this year in connection with the project. The project will help in promoting usage of natural gas, its fractions and polymer products.
BSE Metal index dropped by 186.07 points to trade at 16,966.98. The major losers are Sterlite Industries (3.32%), Hindalco Industries (1.95%Tata Steel (1.30%) and SAIL (0.83%).
BSE Capital goods index inclined by 21.05 points to 13,362.96. The main gainers are ABB (0.98%), Punj Lloyd (0.47%), Siemens (0.47%) and SKF India (0.27%).
BSE Bankex index is trading higher by 39.13 points at 8,415.02. Gainers are Bank Of India (1.96%), Yes Bank (1.73%), HDFC Bank (1.31%) and SBI (0.68%).
BSE Realty increased by 27.55 points to 7,720.89. Leading to its gain are Mahindra Life (1.88%), HDIL (1.47%), Penland (0.54%) and Omaxe Ltd. (0.34%).
BSE Power index advanced by 12.63 points to trade at 3,245.45 as Suzlon Energy (2.33%), Areva (1.44%), Reliance Power (0.51%) and Torent Power (0.19%) are trading in positive.
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