The market continues to trade higher after a strong opening tracking favorable cues from global market as investors reacted to U.S. and European plans to recapitalize banks. Federal Reserve has offered unlimited dollar funds to central bankers. In Europe the Eurozone countries said they will guarantee new bank debt. Germany also guaranteed up to 400 billion euro in interbank lending and U.K. would inject up to 37 billion pounds in three U.K. banks.
Market is extending its rally as Reality stocks are trading with sharp rise of more than 7%. Apart from that strong buying is maintained in the Capital Goods, Metal, Oil & Gas, Bank, IT, Pharma and Consumer Durable stocks. The BSE Sensex is trading above the 11,600 mark and the NSE Nifty is above the 3500. The BSE Mid Cap and the BSE Small Cap stocks also are also continuing their momentum as trading with gain of more than 3% and 4% respectively.
On the global market front, the Asian markets are strong. Nikkei 225 is on track for biggest one-day gain in 18 years and rose around 14% and Hang Seng more than 4% and Straits Times around 6%.
The overall market breadth is positive as 1873 stocks are advancing while 542 stocks are declining and the 58 stocks remained unchanged on BSE.
Satyam Computer reported the top gainer from the BSE Sensex pack as it was trading up by (10.83%) at Rs.298.3 followed by Reliance Infra higher by (8.46%) at Rs.652.55.
The BSE Mid cap is higher by 141points at 3,971.71 and the BSE small Cap gained 201 points to trade at 4,716.
At 12.30 pm, BSE Sensex was at 11,681.71 up by 372 points and the NSE Nifty was at 3,578.95 higher by 88.2 points.
BSE Capital Goods index advanced by 453.54 points at 9,229.66 as Reliance Industrial Infra (17.90%), USha Martin (17.60%), Havells India (11.74%), Aiaengineer (8.73%) and Bharat Bijli (7.63%) are trading in green.
BSE Metal index is trading up by 246.85 points to 7,233.88. The main gainers are Gujarat NRE (9.97%), Welspan Guajrat Sr (7.83%), Jindal Steel (7.40%), Isapt Industries (7.27%).
BSE Oil & Gas index is trading 227.07 points higher at 7,776.83 as Essar Oil (9.44%), Reliance Natural Resources (8.40%), Aban Offshore (6.33%) and Reliance (5.42%) are trading in positive.
BSE Bankex index is trading higher by 225.5 points at 6,199.34. Gainers are Yes Bank (7.08%), Indus Ind Bank (6.78%), Allahabad Bank (6.67%) and Bank of India (6.54%).
BSE Reality index was trading 205.28 points higher at 2,959.35. The main gainers are Housing Dev (16.19%), Lanco Infra (15.55%), Orbit Co (10.01%) and Mahindra Life (8.15%).
BSE IT index advanced by 190.42 points to 2,980.84. The major gainers are Roalta India (21.52%), Moser Bayer (13%), NIIT Ltd (12.52%) and Patni Computer (11.51%).
Market is extending its rally as Reality stocks are trading with sharp rise of more than 7%. Apart from that strong buying is maintained in the Capital Goods, Metal, Oil & Gas, Bank, IT, Pharma and Consumer Durable stocks. The BSE Sensex is trading above the 11,600 mark and the NSE Nifty is above the 3500. The BSE Mid Cap and the BSE Small Cap stocks also are also continuing their momentum as trading with gain of more than 3% and 4% respectively.
On the global market front, the Asian markets are strong. Nikkei 225 is on track for biggest one-day gain in 18 years and rose around 14% and Hang Seng more than 4% and Straits Times around 6%.
The overall market breadth is positive as 1873 stocks are advancing while 542 stocks are declining and the 58 stocks remained unchanged on BSE.
Satyam Computer reported the top gainer from the BSE Sensex pack as it was trading up by (10.83%) at Rs.298.3 followed by Reliance Infra higher by (8.46%) at Rs.652.55.
The BSE Mid cap is higher by 141points at 3,971.71 and the BSE small Cap gained 201 points to trade at 4,716.
At 12.30 pm, BSE Sensex was at 11,681.71 up by 372 points and the NSE Nifty was at 3,578.95 higher by 88.2 points.
BSE Capital Goods index advanced by 453.54 points at 9,229.66 as Reliance Industrial Infra (17.90%), USha Martin (17.60%), Havells India (11.74%), Aiaengineer (8.73%) and Bharat Bijli (7.63%) are trading in green.
BSE Metal index is trading up by 246.85 points to 7,233.88. The main gainers are Gujarat NRE (9.97%), Welspan Guajrat Sr (7.83%), Jindal Steel (7.40%), Isapt Industries (7.27%).
BSE Oil & Gas index is trading 227.07 points higher at 7,776.83 as Essar Oil (9.44%), Reliance Natural Resources (8.40%), Aban Offshore (6.33%) and Reliance (5.42%) are trading in positive.
BSE Bankex index is trading higher by 225.5 points at 6,199.34. Gainers are Yes Bank (7.08%), Indus Ind Bank (6.78%), Allahabad Bank (6.67%) and Bank of India (6.54%).
BSE Reality index was trading 205.28 points higher at 2,959.35. The main gainers are Housing Dev (16.19%), Lanco Infra (15.55%), Orbit Co (10.01%) and Mahindra Life (8.15%).
BSE IT index advanced by 190.42 points to 2,980.84. The major gainers are Roalta India (21.52%), Moser Bayer (13%), NIIT Ltd (12.52%) and Patni Computer (11.51%).
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