The market has maintained its opening gains and is still trading higher as sustained buying in scrips continued across the board. The Realty, Metal, Consumer Durables and Capital Goods stocks are seeing the most buying momentum. The Mid cap and Small Cap stocks are also trading higher and in line with the benchmark index. The BSE Sensex is hovering around the 17,000 mark and the NSE Nifty is moving around the 5,000 mark.
The overall market breadth is positive, as 1906 stocks are advancing while 606 stocks are declining and the 57 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 129.31 points at 7,075.22 while the BSE small Cap advanced by 153.23 points to trade at 8,556.79.
At 12.30 pm, BSE Sensex was at 17,046.15 up by 185.24 points and Nifty was at 5,051.20 up by 38.55 points.
BSE Realty surged by (260.09 points to 7,997. Leading to its gains are India Bull Real (6.03%), HDIL (5.53%), Mahindra Life (3.40%), Ansal Infrastructure (3.17%) and Unitech (2.67%).
Unitech’s subsidiary has applied for the issuance of the licenses for the international long distance services as well as national long distance services.
BSE Metal index surged by 383.75 points to trade at 16,031.06. The major gainers are NALCO (6.65%), Hindalco Industries (4.92%), Tata Steel (2.50%) and SAIL (0.47%).
BSE Bankex index is trading higher by 151.88 points at 8,717.01. Gainers are ICICI Bank (2.25%), PNB (1.36%), SBI (0.98%) and HDFC Bank (0.75%).
BSE IT index grew by 68.52 points to trade at 4,366.36 as Satyam Computer (2.66%), HCL Technologies (2.08%), Infosys Technologies (1.24%) and TCS (0.91%) are trading in green.
Satyam and SAP had entered into a new partnership to give a boost to the technology deployment and improve their return on investment. As per this agreement, Satyam has become a SAP global services partner to help Fortune 1000 companies worldwide to implement SAP solutions and transform business processes.
BSE Capital goods index advanced by 271.41 points to 13,393.23. The main gainers are BHEL (2.31%), L&T (1.93%), Siemens (0.52%) and ABB (0.48%).
BHEL is planning to set up an country''''s biggest 125 MW IGCC power plant at Vijaywada. It will be an integrated Coal Gasification Combined Cycle (IGCC) power plant with Andhra Pradesh Power Generation Corporation (APGenco).
BSE Oil & Gas index was trading 8.62 points higher at 11,202.31 as Indian Oil (3.38%), RNRL (2.33%), HPCL (2.07%) and RPL (1.90%) are trading in green.
BSE Power index inclined by 53.68 points to trade at 3,272.73 as Reliance Energy (4.50%), Suzlon Energy (2.28%), NTPC (0.26%) and Power Grid (0.25%) are trading in positive.
BSE Health Care index increased by 45.79 points to trade at 4,223.10 as Cipla (1.15%), Sun Pharma (0.53%) and Dr.Reddy (0.29%) are trading in positive.
Ranbaxy Laboratories is trading lower by (0.54%) at Rs.491.55. The company has signed a strategic product development agreement with German pharma major Merck for drug discovery and clinical development collaboration in the anti infective field. As per the agreement, both the companies will work together to develop clinically validated anti-bacterial and anti-fungal drug candidates.
BSE Auto index improved by 42.68 points to trade at 4,730.99 as Maruti Suzuki (1.64%), Mahindra & Mahindra (0.60%), Hero Honda (0.50%) and Tata Motors (0.26%) are trading in positive.
The overall market breadth is positive, as 1906 stocks are advancing while 606 stocks are declining and the 57 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 129.31 points at 7,075.22 while the BSE small Cap advanced by 153.23 points to trade at 8,556.79.
At 12.30 pm, BSE Sensex was at 17,046.15 up by 185.24 points and Nifty was at 5,051.20 up by 38.55 points.
BSE Realty surged by (260.09 points to 7,997. Leading to its gains are India Bull Real (6.03%), HDIL (5.53%), Mahindra Life (3.40%), Ansal Infrastructure (3.17%) and Unitech (2.67%).
Unitech’s subsidiary has applied for the issuance of the licenses for the international long distance services as well as national long distance services.
BSE Metal index surged by 383.75 points to trade at 16,031.06. The major gainers are NALCO (6.65%), Hindalco Industries (4.92%), Tata Steel (2.50%) and SAIL (0.47%).
BSE Bankex index is trading higher by 151.88 points at 8,717.01. Gainers are ICICI Bank (2.25%), PNB (1.36%), SBI (0.98%) and HDFC Bank (0.75%).
BSE IT index grew by 68.52 points to trade at 4,366.36 as Satyam Computer (2.66%), HCL Technologies (2.08%), Infosys Technologies (1.24%) and TCS (0.91%) are trading in green.
Satyam and SAP had entered into a new partnership to give a boost to the technology deployment and improve their return on investment. As per this agreement, Satyam has become a SAP global services partner to help Fortune 1000 companies worldwide to implement SAP solutions and transform business processes.
BSE Capital goods index advanced by 271.41 points to 13,393.23. The main gainers are BHEL (2.31%), L&T (1.93%), Siemens (0.52%) and ABB (0.48%).
BHEL is planning to set up an country''''s biggest 125 MW IGCC power plant at Vijaywada. It will be an integrated Coal Gasification Combined Cycle (IGCC) power plant with Andhra Pradesh Power Generation Corporation (APGenco).
BSE Oil & Gas index was trading 8.62 points higher at 11,202.31 as Indian Oil (3.38%), RNRL (2.33%), HPCL (2.07%) and RPL (1.90%) are trading in green.
BSE Power index inclined by 53.68 points to trade at 3,272.73 as Reliance Energy (4.50%), Suzlon Energy (2.28%), NTPC (0.26%) and Power Grid (0.25%) are trading in positive.
BSE Health Care index increased by 45.79 points to trade at 4,223.10 as Cipla (1.15%), Sun Pharma (0.53%) and Dr.Reddy (0.29%) are trading in positive.
Ranbaxy Laboratories is trading lower by (0.54%) at Rs.491.55. The company has signed a strategic product development agreement with German pharma major Merck for drug discovery and clinical development collaboration in the anti infective field. As per the agreement, both the companies will work together to develop clinically validated anti-bacterial and anti-fungal drug candidates.
BSE Auto index improved by 42.68 points to trade at 4,730.99 as Maruti Suzuki (1.64%), Mahindra & Mahindra (0.60%), Hero Honda (0.50%) and Tata Motors (0.26%) are trading in positive.
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