The market is still trading higher even the though the inflation number came in higher than expected. Inflation stood at 8.1% for the week ended May 17 as against 7.82% in previous week. The market was expecting the number to stood around 7.91%. The buying interest is seen in the Capital Goods, Pharma, and Metal and FMCG stocks. However, the Power, Oil & Gas and Banking stocks are still under pressure. The most buying is seen among the frontline indices. The broader market is trading flat as the BSE Miid Cap is trading higher while the BSE Small Cap is trading in red.
The overall market breadth is negative, as 1139 stocks are advancing while 1301 stocks are declining and the 90 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 41.25 points at 6,783.01 and the BSE small Cap slipped by 6.40 points to trade at 8,174.67.
At 12.30 pm, BSE Sensex was at 16,453.69 up by 137.43 points and Nifty was at 4,881.05 up by 45.75 points.
BSE Metal index advanced by 308.70 points to trade at 16,988.15. The major gainers are Hindalco Industries (3.43%), Sterlite Industries (2.62%), SAIL (1.86%) and Tata Steel (1.56%).
BSE Oil & Gas index was trading 63.42 points lower at 10,508 as HPCL (2.73%), Essar Oil (2.54%) and ABN Offshore (0.55%) are trading in red.
BSE Capital goods index surged by 358.26 points to 13,185.29. The main gainers are BHEL (4..03%), ABB (3.74%), L&T (3.74%) and Siemens (0.51%).
BHEL is aggressively eyeing to make an entry into the locomotive manufacturing to tap the Indian railways expansion and is exploring partnerships with large global engine makers along with acquisitions of European firm to provide technology.
BSE IT index inclined by 27.62 points to trade at 4,575.38 as Infosys Technologies (1.73%), HCL Technologies (1%),and TCS (0.84%) are trading in green.
BSE Bankex index is trading lower by 47 points at 7,671.81. Losers are Indian Overseas Bank (4.14%), AXIX Bank (3.42%), ICICI Bank (1.11%) and Bank of Baroda (0.92%).
BSE Realty increased by 2.67 points to 7,119.52. Leading to its gain are Purvankara (2.77%), DLF (1.61%), Sobha Developers (1.42%) and HDIL (0.87%).
BSE Auto grew by 3.89 points to 4,414.70. Leading to its gain are Mahindra & Mahindra (1.12%), Maruti Suzuki (0.52%) and Tata Motors (0.03%).
The overall market breadth is negative, as 1139 stocks are advancing while 1301 stocks are declining and the 90 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 41.25 points at 6,783.01 and the BSE small Cap slipped by 6.40 points to trade at 8,174.67.
At 12.30 pm, BSE Sensex was at 16,453.69 up by 137.43 points and Nifty was at 4,881.05 up by 45.75 points.
BSE Metal index advanced by 308.70 points to trade at 16,988.15. The major gainers are Hindalco Industries (3.43%), Sterlite Industries (2.62%), SAIL (1.86%) and Tata Steel (1.56%).
BSE Oil & Gas index was trading 63.42 points lower at 10,508 as HPCL (2.73%), Essar Oil (2.54%) and ABN Offshore (0.55%) are trading in red.
BSE Capital goods index surged by 358.26 points to 13,185.29. The main gainers are BHEL (4..03%), ABB (3.74%), L&T (3.74%) and Siemens (0.51%).
BHEL is aggressively eyeing to make an entry into the locomotive manufacturing to tap the Indian railways expansion and is exploring partnerships with large global engine makers along with acquisitions of European firm to provide technology.
BSE IT index inclined by 27.62 points to trade at 4,575.38 as Infosys Technologies (1.73%), HCL Technologies (1%),and TCS (0.84%) are trading in green.
BSE Bankex index is trading lower by 47 points at 7,671.81. Losers are Indian Overseas Bank (4.14%), AXIX Bank (3.42%), ICICI Bank (1.11%) and Bank of Baroda (0.92%).
BSE Realty increased by 2.67 points to 7,119.52. Leading to its gain are Purvankara (2.77%), DLF (1.61%), Sobha Developers (1.42%) and HDIL (0.87%).
BSE Auto grew by 3.89 points to 4,414.70. Leading to its gain are Mahindra & Mahindra (1.12%), Maruti Suzuki (0.52%) and Tata Motors (0.03%).
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