The market is still trading lower on the back of the inflation figure. The inflation numbers for the week ended May 31 came in higher than expected at 8.75% as against 8.24% in earlier week. This is much higher than expectations of 8.32%. The selling pressure continues in the selective scrips mainly led by the Realty, FMCG, Metal and Power stocks. Howevr, the IT, Pharma and Bank stocks are trading higher. However, the BSE Mid Cap and BSE Small Cap are trading with significant gain.
The overall market breadth is negative, as 1309 stocks are advancing while 1008 stocks are declining and the 74 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 11.40 points at 6,234.90 and the BSE small Cap advanced by 50.15 points to trade at 7,576.05.
At 12.30 pm, BSE Sensex was at 15,243.01 down by 7.19 points and Nifty was at 4,517.60 down by 21.75 points.
BSE Bankex index is trading higher by 50.85 points at 7,088.74. Losers are HDFC Bank (2.02%), Bank of India (1.61%), Bank of Baroda (1.25%) and AXIX Bank (0.53%).
BSE IT index inclined by 49.53 points to trade at 4,395.35 as I-Flex ( 8.62%), Tech Mahindra (3.58%), TCS (2.44%) and Infosys Technologies (0.77%) are trading in green.
BSE Health Care Index is up by 46.03 points to 4,487.18. The main gainers are Pfizer (6.54%), Glenmark Pharma (4.50%), Ranbaxy Lab. (4.41%) and Biocon (1.10%).
World''''s largest drug maker, Pfizer Inc. is planning to make a hostile bid for Ranbaxy Laboratories Ltd., countering an agreed takeover by Daiichi Sankyo Co. Pfizer which is based in New York, may offer to buy the 65% of Ranbaxy that''''s not held by the founding Singh family.
BSE Capital goods index dropped by 11.40 points to 11,978.31. The main losers are Punj Lloyd (2.98%), Praj Industries (2.23%), ABB (1.28%) and Siemens (1.26%).
L&T plans to invest Rs 25,000 crore in the next five years in projects to generate a total of 5,000 MW of power.
BSE Oil & Gas index was trading 50.62 points lower at 9,924.32 as HPCL (2.54%), RNRL (2.53%), Essar Oil (2.32%) and BPCL (2.16%) are trading in red.
BSE Auto fell by 15.23 points to 4,133.32. Leading to its fall are Hero Honda (2.32%), Maruti Suzuki (1.98%), Ashok Leyland (1.22%) and Mahindra & Mahindra (0.48%).
BSE Realty slipped by 106.33 points to 5,714.57. Leading to its fall are India Bull Real (4.47%), Omaxe Ltd. (2.58%), Unitech (1.98%), DLF (1.95%) and Sobha Deveopers (1.76%) are trading lower.
DLF with other major real estate players including Parsvnath, Omaxe, TDI, Ansals and Unitech has shown interest in joining hands with the Punjab government in its bid to provide affordable houses of not more than Rs 1 lakh each in the state.
BSE Metal index dropped by 147.66 points to trade at 15,360.98. The major losers are SAIL (3.04%), JSW Steel (3.03%), NALCO (2.33%) and Sterlite Industries (2.21%).
BSE Power index decreased by 20.71 points to 2,635.75. The main losers are Tata Power (3.13%), NTPC (1.81%), Reliance Infra (1.67%) and Power Grid (1.28%).
The overall market breadth is negative, as 1309 stocks are advancing while 1008 stocks are declining and the 74 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 11.40 points at 6,234.90 and the BSE small Cap advanced by 50.15 points to trade at 7,576.05.
At 12.30 pm, BSE Sensex was at 15,243.01 down by 7.19 points and Nifty was at 4,517.60 down by 21.75 points.
BSE Bankex index is trading higher by 50.85 points at 7,088.74. Losers are HDFC Bank (2.02%), Bank of India (1.61%), Bank of Baroda (1.25%) and AXIX Bank (0.53%).
BSE IT index inclined by 49.53 points to trade at 4,395.35 as I-Flex ( 8.62%), Tech Mahindra (3.58%), TCS (2.44%) and Infosys Technologies (0.77%) are trading in green.
BSE Health Care Index is up by 46.03 points to 4,487.18. The main gainers are Pfizer (6.54%), Glenmark Pharma (4.50%), Ranbaxy Lab. (4.41%) and Biocon (1.10%).
World''''s largest drug maker, Pfizer Inc. is planning to make a hostile bid for Ranbaxy Laboratories Ltd., countering an agreed takeover by Daiichi Sankyo Co. Pfizer which is based in New York, may offer to buy the 65% of Ranbaxy that''''s not held by the founding Singh family.
BSE Capital goods index dropped by 11.40 points to 11,978.31. The main losers are Punj Lloyd (2.98%), Praj Industries (2.23%), ABB (1.28%) and Siemens (1.26%).
L&T plans to invest Rs 25,000 crore in the next five years in projects to generate a total of 5,000 MW of power.
BSE Oil & Gas index was trading 50.62 points lower at 9,924.32 as HPCL (2.54%), RNRL (2.53%), Essar Oil (2.32%) and BPCL (2.16%) are trading in red.
BSE Auto fell by 15.23 points to 4,133.32. Leading to its fall are Hero Honda (2.32%), Maruti Suzuki (1.98%), Ashok Leyland (1.22%) and Mahindra & Mahindra (0.48%).
BSE Realty slipped by 106.33 points to 5,714.57. Leading to its fall are India Bull Real (4.47%), Omaxe Ltd. (2.58%), Unitech (1.98%), DLF (1.95%) and Sobha Deveopers (1.76%) are trading lower.
DLF with other major real estate players including Parsvnath, Omaxe, TDI, Ansals and Unitech has shown interest in joining hands with the Punjab government in its bid to provide affordable houses of not more than Rs 1 lakh each in the state.
BSE Metal index dropped by 147.66 points to trade at 15,360.98. The major losers are SAIL (3.04%), JSW Steel (3.03%), NALCO (2.33%) and Sterlite Industries (2.21%).
BSE Power index decreased by 20.71 points to 2,635.75. The main losers are Tata Power (3.13%), NTPC (1.81%), Reliance Infra (1.67%) and Power Grid (1.28%).
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