The market is trading flat and is witnessing a volatile movement. The buying support is witnessed in the Metal, Pharma and IT stocks. However, the Oil & Gas, Bank and Power stocks are reeling under pressure. The broader market is trading flat as the Mid Cap is trading lower whereas the BSE Small Cap is trading higher. The BSE Sensex is hovering around the 16,800 mark and the NSE Nifty is moving around the 5,000 mark.
The overall market breadth is negative, as 1101 stocks are advancing while 1280 stocks are declining and the 94 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 7.26 points at 6,949.55 while the BSE small Cap advanced by 3.62 points to trade at 8,401.33.
At 12.30 pm, BSE Sensex was at 16,835.92 up by 83.06 points and Nifty was at 4,955.25 down by 2.55 points.
BSE Realty advanced by (37.45 points to 7,784.57. Leading to its gains are Mahindra Life (1.17%), DLF (0.34%), Sobha Developers (0.31%) and Omaxe Ltd. (0.12%).
BSE Metal index surged by 379.02 points to trade at 16,126.90. The major gainers are Hindalco Industries (3.14%), Sterlite Industries (2.63%), NALCO (2.30%) and Tata Steel (1.69%).
BSE Bankex index is trading lower by 35.25 points at 8,566.59. Losers are HDFC Bank (1.08%), SBI (0.55%), PNB (0.28%) and ICICI Bank (0.07%).
BSE IT index grew by 60.25 points to trade at 4,325.39 as TCS (2.24%), Infosys Technologies (1.48%), I-Flex (1.09%) and HCL Technologies (0.48%) are trading in green.
BSE Capital goods index advanced by 30.11 points to 13,091.08. The main gainers are Bharat Electical (1.14%), Praj Industries (0.72%), Havells India (0.73%) and BEML (0.24%).
BSE Oil & Gas index was trading 16.90 points lower at 10,890.47 as ONGC (5.43%), Indian Oil (4.64%), Gail India (4.44%) and BPCL (2.50%) are trading in red.
BSE Power index declined by 2.08 points to trade at 3,211.16 as Crompton Graves (2.69%), NTPC (2.29%), Power Grid (0.78%) and Suzlon Energy (0.13%) are trading in negative.
BSE Health Care index increased by 73.67 points to trade at 4,251.92 as Dr.Reddy (5.62%), Ranbaxy Lab. (1.63%) and Sun Pharma (0.82%) are trading in positive.
BSE Auto index improved by 33.72 points to trade at 4,703.67 as Maruti Suzuki (2.32%), Tata Motors (1.07%) and Hero Honda (0.69%) are trading in positive.
Mahindra & Mahindra is trading lower by (1.45%). The company is in talks to acquire the two wheeler manufacturer Kinetic Motors. The move signals M&M’s interest in the two-wheeler segment, which has seen sharp growth and fierce competition in the past few years.
The overall market breadth is negative, as 1101 stocks are advancing while 1280 stocks are declining and the 94 stocks remained unchanged on BSE.
The BSE Mid cap is lower by 7.26 points at 6,949.55 while the BSE small Cap advanced by 3.62 points to trade at 8,401.33.
At 12.30 pm, BSE Sensex was at 16,835.92 up by 83.06 points and Nifty was at 4,955.25 down by 2.55 points.
BSE Realty advanced by (37.45 points to 7,784.57. Leading to its gains are Mahindra Life (1.17%), DLF (0.34%), Sobha Developers (0.31%) and Omaxe Ltd. (0.12%).
BSE Metal index surged by 379.02 points to trade at 16,126.90. The major gainers are Hindalco Industries (3.14%), Sterlite Industries (2.63%), NALCO (2.30%) and Tata Steel (1.69%).
BSE Bankex index is trading lower by 35.25 points at 8,566.59. Losers are HDFC Bank (1.08%), SBI (0.55%), PNB (0.28%) and ICICI Bank (0.07%).
BSE IT index grew by 60.25 points to trade at 4,325.39 as TCS (2.24%), Infosys Technologies (1.48%), I-Flex (1.09%) and HCL Technologies (0.48%) are trading in green.
BSE Capital goods index advanced by 30.11 points to 13,091.08. The main gainers are Bharat Electical (1.14%), Praj Industries (0.72%), Havells India (0.73%) and BEML (0.24%).
BSE Oil & Gas index was trading 16.90 points lower at 10,890.47 as ONGC (5.43%), Indian Oil (4.64%), Gail India (4.44%) and BPCL (2.50%) are trading in red.
BSE Power index declined by 2.08 points to trade at 3,211.16 as Crompton Graves (2.69%), NTPC (2.29%), Power Grid (0.78%) and Suzlon Energy (0.13%) are trading in negative.
BSE Health Care index increased by 73.67 points to trade at 4,251.92 as Dr.Reddy (5.62%), Ranbaxy Lab. (1.63%) and Sun Pharma (0.82%) are trading in positive.
BSE Auto index improved by 33.72 points to trade at 4,703.67 as Maruti Suzuki (2.32%), Tata Motors (1.07%) and Hero Honda (0.69%) are trading in positive.
Mahindra & Mahindra is trading lower by (1.45%). The company is in talks to acquire the two wheeler manufacturer Kinetic Motors. The move signals M&M’s interest in the two-wheeler segment, which has seen sharp growth and fierce competition in the past few years.
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