The market is little bit volatile and is trading higher. The inflation data for the week ended May 3 stood at 7.83% as against 7.61%. It was way above the market expectations of 7.55-7.59%. The significant buying support is seen in the Bank, Capital Goods, Power and Realty stocks. The BSE Sensex is hovering around the 17,400 mark and the NSE Nifty is trading above the 5,150 mark. The broader market is also trading with significant gains.
The overall market breadth is positive, as 1434 stocks are advancing while 1017 stocks are declining and the 84 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 47.71 points at 7,127.96 and the BSE small Cap advanced by 67.61 points to trade at 8,614.02.
At 12.30 pm, BSE Sensex was at 17,441.82 up by 88.28 points and Nifty was at 5,146.50 up by 31.25 points.
BSE Capital goods index surged by 120.38 points to 13,721.18. The main gainers are L&T (2.21%), ABB (1.54%), Siemens (0.39%) and BEML (0.45%).
BSE Bankex index is trading higher by 99.95 points at 8,905.96. Gainers are PNB (5.76%), Bank of India (4.09%), HDFC Bank (2.57%) and AXIX Bank (1.73%%).
BSE IT index dropped by 31.31 points to trade at 4,455.05 as Infosys Technologies (1.23%), HCL Technologies (1.19%), TCS (1.07%) and Mphasis (0.29%) are trading in red.
BSE Realty advanced by 12.06 points to 8,054.58. Leading to its gains are HDIL (2.28%), Purvankara (1.18%), Omaxe Ltd. (0.97%) and Unitech (0.54%).
BSE Metal index inclined by 17.81% points to trade at 16,758.18. The major gainers are JSW Steel (3.62%), SAIL (2.14%), Sterlite Industries (1.71%) and Sesa Goa (0.99%).
BSE Oil & Gas index was trading 8.81 points higher at 11,214.57 as ABN Offshore (5.79%), Cairn India (3.65%), BPCL (2.20%) and HPCL (1.89%) are trading in green.
BSE Power index inclined by 26.31 points to trade at 3,329.44 as Suzlon Energy (3.23%), Tata Power (3%), Reliance Energy (0.65%) and Power Grid (0.29%) are trading in positive.
BSE Auto index improved by 17.82 points to trade at 4,748.06 as TVS Motor (1.93%), Mahindra & Mahindra (0.67%) and Tata Motors (0.58%) are trading in positive.
BSE Health Care index decreased by 2.14 points to trade at 4,283.85 as Glenmark Pharma (0.72%), Cipla (0.33%), Pfizer (0.19%) and Dr.Reddy (0.03%) are trading in negative.
The overall market breadth is positive, as 1434 stocks are advancing while 1017 stocks are declining and the 84 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 47.71 points at 7,127.96 and the BSE small Cap advanced by 67.61 points to trade at 8,614.02.
At 12.30 pm, BSE Sensex was at 17,441.82 up by 88.28 points and Nifty was at 5,146.50 up by 31.25 points.
BSE Capital goods index surged by 120.38 points to 13,721.18. The main gainers are L&T (2.21%), ABB (1.54%), Siemens (0.39%) and BEML (0.45%).
BSE Bankex index is trading higher by 99.95 points at 8,905.96. Gainers are PNB (5.76%), Bank of India (4.09%), HDFC Bank (2.57%) and AXIX Bank (1.73%%).
BSE IT index dropped by 31.31 points to trade at 4,455.05 as Infosys Technologies (1.23%), HCL Technologies (1.19%), TCS (1.07%) and Mphasis (0.29%) are trading in red.
BSE Realty advanced by 12.06 points to 8,054.58. Leading to its gains are HDIL (2.28%), Purvankara (1.18%), Omaxe Ltd. (0.97%) and Unitech (0.54%).
BSE Metal index inclined by 17.81% points to trade at 16,758.18. The major gainers are JSW Steel (3.62%), SAIL (2.14%), Sterlite Industries (1.71%) and Sesa Goa (0.99%).
BSE Oil & Gas index was trading 8.81 points higher at 11,214.57 as ABN Offshore (5.79%), Cairn India (3.65%), BPCL (2.20%) and HPCL (1.89%) are trading in green.
BSE Power index inclined by 26.31 points to trade at 3,329.44 as Suzlon Energy (3.23%), Tata Power (3%), Reliance Energy (0.65%) and Power Grid (0.29%) are trading in positive.
BSE Auto index improved by 17.82 points to trade at 4,748.06 as TVS Motor (1.93%), Mahindra & Mahindra (0.67%) and Tata Motors (0.58%) are trading in positive.
BSE Health Care index decreased by 2.14 points to trade at 4,283.85 as Glenmark Pharma (0.72%), Cipla (0.33%), Pfizer (0.19%) and Dr.Reddy (0.03%) are trading in negative.
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