The market continued to trade higher and is gaining further momentum as strong buying witnessed across the board mainly led by the Realty, Bank, Capital Goods and Power stocks. The BSE Sensex is hovering around the 17, 200 mark and the NSE Nifty is trading above the 5, 000 mark. The broader market is also trading with significant gains.
The overall market breadth is positive, as 1683 stocks are advancing while 740 stocks are declining and the 90 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 65.90 points at 7,055.71 while the BSE small Cap advanced by 99.99 points to trade at 8,534.48.
At 12.30 pm, BSE Sensex was at 17,208.45 up by 230.10 points and Nifty was at 5,073.70 up by 61.95 points.
BSE Realty advanced by 180.64 points to 7,958.29. Leading to its gains are Omaxe Ltd. (3.22%), Unitech (2.83%), India Bull Real (2.39%) and Mahindra Life (2.03%).
Unitech is looking at raising around $1bn through a stake sale in its telecom venture- Unitech Wireless to fund its mega expansion plans. Unitech is looking at divesting 30-35% stake to raise $1bn valuing the enterprise at around $3bn.
BSE Metal index surged by252.47 points to trade at 16,687.65. The major gainers are NALCO (3.01%), SAIL (2.56%), Hindalco Industries (1.30%) and Sterlite Industries (1.07%).
BSE Bankex index is trading higher by 175.24 points at 8,771.76. Gainers are ICICI Bank (3.16%), SBI (0.91%), HDFC Bank (0.63%) and PNB (0.31%).
BSE IT index grew by 70.15 points to trade at 4,497.51 as Infosys Technologies (3.46%), Wipro (1.69%), TCS (0.63%) and HCL Technologies (0.44%) are trading in green.
BSE Capital goods index advanced by 281.47 points to 13,427.53. The main gainers are L&T (2.48%), BHEL (2.18%), ABB (1.04%) and Siemens (0.15%).
BHEL would set up integrated coal gasification combined cycle power plant with Andhra Pradesh Power Generation Corporation (APGenco) at Vijaywada. The company has signed a mou with APGenco.
BSE Oil & Gas index was trading 151.83 points higher at 11,068.75 as Cairn India (2.25%), ONGC (0.93%), RPL (0.38%) and GAIL India (0.08%) are trading in green.
BSE Power index inclined by 47.64 points to trade at 3,282.16 as Tata Power (1.81%), Reliance Energy (1.56%), Suzlon Energy (0.97%) and NTPC (0.32%) are trading in positive.
NTPC is looking to borrow over Rs 105,000 crore from domestic and overseas markets in the next four to five years to meet its ambitious target of adding 22,430 mw electricity generation
BSE Health Care index increased by 31.72 points to trade at 4,284.26 as Cipla (1.29%), Ranbaxy Lab. (0.86%) and Sun Pharma (0.48%) are trading in positive.
BSE Auto index improved by 16.67 points to trade at 4,735.36 as Maruti Suzuki (2.25%), Mahindra & Mahindra (1.43%) and TVS Motor (0.61%) are trading in positive.
The overall market breadth is positive, as 1683 stocks are advancing while 740 stocks are declining and the 90 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 65.90 points at 7,055.71 while the BSE small Cap advanced by 99.99 points to trade at 8,534.48.
At 12.30 pm, BSE Sensex was at 17,208.45 up by 230.10 points and Nifty was at 5,073.70 up by 61.95 points.
BSE Realty advanced by 180.64 points to 7,958.29. Leading to its gains are Omaxe Ltd. (3.22%), Unitech (2.83%), India Bull Real (2.39%) and Mahindra Life (2.03%).
Unitech is looking at raising around $1bn through a stake sale in its telecom venture- Unitech Wireless to fund its mega expansion plans. Unitech is looking at divesting 30-35% stake to raise $1bn valuing the enterprise at around $3bn.
BSE Metal index surged by252.47 points to trade at 16,687.65. The major gainers are NALCO (3.01%), SAIL (2.56%), Hindalco Industries (1.30%) and Sterlite Industries (1.07%).
BSE Bankex index is trading higher by 175.24 points at 8,771.76. Gainers are ICICI Bank (3.16%), SBI (0.91%), HDFC Bank (0.63%) and PNB (0.31%).
BSE IT index grew by 70.15 points to trade at 4,497.51 as Infosys Technologies (3.46%), Wipro (1.69%), TCS (0.63%) and HCL Technologies (0.44%) are trading in green.
BSE Capital goods index advanced by 281.47 points to 13,427.53. The main gainers are L&T (2.48%), BHEL (2.18%), ABB (1.04%) and Siemens (0.15%).
BHEL would set up integrated coal gasification combined cycle power plant with Andhra Pradesh Power Generation Corporation (APGenco) at Vijaywada. The company has signed a mou with APGenco.
BSE Oil & Gas index was trading 151.83 points higher at 11,068.75 as Cairn India (2.25%), ONGC (0.93%), RPL (0.38%) and GAIL India (0.08%) are trading in green.
BSE Power index inclined by 47.64 points to trade at 3,282.16 as Tata Power (1.81%), Reliance Energy (1.56%), Suzlon Energy (0.97%) and NTPC (0.32%) are trading in positive.
NTPC is looking to borrow over Rs 105,000 crore from domestic and overseas markets in the next four to five years to meet its ambitious target of adding 22,430 mw electricity generation
BSE Health Care index increased by 31.72 points to trade at 4,284.26 as Cipla (1.29%), Ranbaxy Lab. (0.86%) and Sun Pharma (0.48%) are trading in positive.
BSE Auto index improved by 16.67 points to trade at 4,735.36 as Maruti Suzuki (2.25%), Mahindra & Mahindra (1.43%) and TVS Motor (0.61%) are trading in positive.
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