The markets are trading strongly as huge buying continued across the board mainly led by Banking, Realty, Capita Goods, Power and Metal stocks. The rate sensitive index got a boost irrespective of the GDP growth in the first quarter of the current fiscal year came in slower than expected. The GDP for the quarter ended June 2008 grew 7.9% as compared to 9.2% a year earlier and also 8.8% in the precious quarter. However, this has raised some hope that the central bank will keep key lending rates unchanged in its next monetary review in order to boost the economy. The BSE Sensex has gone above the 15500 mark and the NSE Nifty surpassed the 4300 mark. The BSE Mid Cap and the BSE Small Cap are also trading lower.
The overall market breadth is positive as 1744 stocks are advancing while 625 stocks are declining and the 79 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 116.75 points at 5,725.60 and the BSE small Cap advanced by 101.15 points to trade at 6,883.45.
At 12.30 pm, BSE Sensex was at 14,521.30 up by 472.96 points and the NSE Nifty was at 4,355.05 up by 141.05 points.
BSE Bankex index is trading higher by 395.04 points at 6,991.45. Gainers are ICICI Bank (7.50%), SBI (6.87%), PNB (6.51%) and HDFC Bank (5.08%).
BSE Metal index surged by 313.40 points at 12,238.55 as NALCO (5.92%), Tata Steel (3.51%), Sterlite Industries (3.34%) and Hindalco Industries (2.82%) are trading in green.
BSE Capital goods index advanced by 358.50 points to 11,851. The main gainers are BHEL (5.40%), L&T (4.01%), ABB (0.71%) and Siemens (0.48%).
BSE Oil & Gas index was trading 220.30 points higher at 9,628.09 as BPCL (5.01%), Essar Oil (3.98%), Gail India (2.51%) and RPL (2.27%) are trading in positive.
BSE Realty index improved by 195.80 points to 4,948.87. The major gainers are India Bull Real (8.32%), HDIL (4.76%), Ansal Infra (3.87%) and Unitech (3.72%).
BSE Auto index increased by 74.51 points to 3,985.96. The top gainers are Tata Motors (4.68%), Maruti Suzuki (2.99%), Mahindra & Mahindra (1.81%) and Hero Honda (0.86%).
BSE IT index inclined by 83.12 points to trade at 3,936.51 as HCL Technologies (4.91%), Wipro (3.33%), TCS (2.88%) and Satyam Computer (2.35%) trading in positive.
BSE Power index increased by 69.07 points to 2,585.48. Gainers are GVK Power (4.59%), Suzlon Energy (3.87%), Power Grid (3.69%) and Torent Power (2.78%).
The overall market breadth is positive as 1744 stocks are advancing while 625 stocks are declining and the 79 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 116.75 points at 5,725.60 and the BSE small Cap advanced by 101.15 points to trade at 6,883.45.
At 12.30 pm, BSE Sensex was at 14,521.30 up by 472.96 points and the NSE Nifty was at 4,355.05 up by 141.05 points.
BSE Bankex index is trading higher by 395.04 points at 6,991.45. Gainers are ICICI Bank (7.50%), SBI (6.87%), PNB (6.51%) and HDFC Bank (5.08%).
BSE Metal index surged by 313.40 points at 12,238.55 as NALCO (5.92%), Tata Steel (3.51%), Sterlite Industries (3.34%) and Hindalco Industries (2.82%) are trading in green.
BSE Capital goods index advanced by 358.50 points to 11,851. The main gainers are BHEL (5.40%), L&T (4.01%), ABB (0.71%) and Siemens (0.48%).
BSE Oil & Gas index was trading 220.30 points higher at 9,628.09 as BPCL (5.01%), Essar Oil (3.98%), Gail India (2.51%) and RPL (2.27%) are trading in positive.
BSE Realty index improved by 195.80 points to 4,948.87. The major gainers are India Bull Real (8.32%), HDIL (4.76%), Ansal Infra (3.87%) and Unitech (3.72%).
BSE Auto index increased by 74.51 points to 3,985.96. The top gainers are Tata Motors (4.68%), Maruti Suzuki (2.99%), Mahindra & Mahindra (1.81%) and Hero Honda (0.86%).
BSE IT index inclined by 83.12 points to trade at 3,936.51 as HCL Technologies (4.91%), Wipro (3.33%), TCS (2.88%) and Satyam Computer (2.35%) trading in positive.
BSE Power index increased by 69.07 points to 2,585.48. Gainers are GVK Power (4.59%), Suzlon Energy (3.87%), Power Grid (3.69%) and Torent Power (2.78%).
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