The market has gained further grounds and is trading strongly as three is a feeling that the UPA government will be able to maintain its position in the vote of confidence today. The strong buying continued in the selective scrips mainly led by the Bank, Metal, Power and FMCG stocks. Howevre, the Auto stocks are reeling under pressure. The BSE Sensex has once again crossed the 14100 mark and the NSE Nifty the 4200 mark. The BSE Mid Cap and BSE Small Cap stocks are also trading with significant gains.
The overall market breadth is positive as 1741 stocks are advancing while 546 stocks are declining and the 72 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 107.18 points at 5,364.17 and the BSE small Cap is up by 114.60 points to trade at 6,552.58.
At 12.30 pm, BSE Sensex was at 14,179.84 up by 329.80 points and the NSE Nifty was at 4,254 up by 94.50 points.
BSE Metal index surged by 469.57 points at 12,235.81 as SAIL (6.32%), Tata Steel (4.90%), Sterlite Industries (3.58%), and Hindalco Industries (2.91%) are trading in green.
BSE Capital goods index improved by 321.41 points to 11,384.27. The main gainers are BHEL (5.67%), Punj Lloyd (4.36%), Bharat Electrical (4.16%) and Siemens (3.97%).
BSE Bankex index is trading higher by 236.11 points at 6,664.82. Gainers are Indian Overseas Bank (6.27%), HDFC Bank (6.01%), Bank of Baroda (4.91%), Kotak Bank (4.21%) and Axix Bank (4.90%).
BSE Health Care index up by 33.46 points to trade at 4,145.19. Leading to its gain are Ranbaxy Laboratories (4.63%), Fortis Healthcare (4.91%), Cipla (2.45%), Pfizer (2.42%) and Sun Pharma (2.72%).
BSE Realty index advanced by 62.62 points to 4,846.90. The major gainers are Mahindra Life (5.14%), Unitech (2.46%), Omaxe Ltd. (2.41%) and Purvankara (1.85%).
BSE Oil & Gas index was trading 161.31 points higher at 9,470.47 as RNRL (5.95%), Essar Oil (3.14%), Cairn India (2.52%) and HPCL (2.01%) are trading in positive.
BSE Power index increased by 89.30 points to 2,498.54. Gainers are Power Grid (4.08%), Tata Power (3.80%), Suzlon Energy (3.80%) and NTPC (2.34%).
BSE IT index inclined by 56.82 points to trade at 3,637.23 as Tech Mahindra (6.96%), Wipro (4.31%), Mphasis (2.94%) and TCS (2.90%) trading in positive.
BSE Auto index dropped by 47.70 points to 3,615.46. The top losers are Maruti Suzuki (8.39%) and Tata Motors (3.40%) while TVS Motor (2.46%) and Hero Honda (1.57%) are trading higher.
The overall market breadth is positive as 1741 stocks are advancing while 546 stocks are declining and the 72 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 107.18 points at 5,364.17 and the BSE small Cap is up by 114.60 points to trade at 6,552.58.
At 12.30 pm, BSE Sensex was at 14,179.84 up by 329.80 points and the NSE Nifty was at 4,254 up by 94.50 points.
BSE Metal index surged by 469.57 points at 12,235.81 as SAIL (6.32%), Tata Steel (4.90%), Sterlite Industries (3.58%), and Hindalco Industries (2.91%) are trading in green.
BSE Capital goods index improved by 321.41 points to 11,384.27. The main gainers are BHEL (5.67%), Punj Lloyd (4.36%), Bharat Electrical (4.16%) and Siemens (3.97%).
BSE Bankex index is trading higher by 236.11 points at 6,664.82. Gainers are Indian Overseas Bank (6.27%), HDFC Bank (6.01%), Bank of Baroda (4.91%), Kotak Bank (4.21%) and Axix Bank (4.90%).
BSE Health Care index up by 33.46 points to trade at 4,145.19. Leading to its gain are Ranbaxy Laboratories (4.63%), Fortis Healthcare (4.91%), Cipla (2.45%), Pfizer (2.42%) and Sun Pharma (2.72%).
BSE Realty index advanced by 62.62 points to 4,846.90. The major gainers are Mahindra Life (5.14%), Unitech (2.46%), Omaxe Ltd. (2.41%) and Purvankara (1.85%).
BSE Oil & Gas index was trading 161.31 points higher at 9,470.47 as RNRL (5.95%), Essar Oil (3.14%), Cairn India (2.52%) and HPCL (2.01%) are trading in positive.
BSE Power index increased by 89.30 points to 2,498.54. Gainers are Power Grid (4.08%), Tata Power (3.80%), Suzlon Energy (3.80%) and NTPC (2.34%).
BSE IT index inclined by 56.82 points to trade at 3,637.23 as Tech Mahindra (6.96%), Wipro (4.31%), Mphasis (2.94%) and TCS (2.90%) trading in positive.
BSE Auto index dropped by 47.70 points to 3,615.46. The top losers are Maruti Suzuki (8.39%) and Tata Motors (3.40%) while TVS Motor (2.46%) and Hero Honda (1.57%) are trading higher.
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