The markets are trading firm with a gain of more than 3% as benchmark indices are witnessing buying interest after rebounding from previous weeks loses. Domestic market is higher on favorable cues from Asian indices and significant buying in beaten down stocks. All indices are trading in green and IT stocks outperformed the benchmark index as trading with gain of more than 7%. Apart from that strong buying pressure is continued in the Metal, Oil & Gas, Bank, Capital Goods, FMCG, Power and Pharma stocks. The BSE Sensex is trading above the 10,400 mark and the NSE Nifty is above the 3200. The BSE Mid Cap stocks are also on buyer’s radar. However, the BSE Small Cap stocks are out of favor as trading in red.
On the global market front, the Asian markets are trading up. The Hang Seng Index jumped 4% to 15,133.43 in afternoon trading, along with Nikkei 225 Average rose 2.8% to 8,937.98 and Singapore''s Straits Times index increased 2.1% to 1,918.08.
The overall market breadth is negative as 1279 stocks are declining while 1047 stocks are advancing and the 65 stocks remained unchanged on BSE.
Wipro Ltd reported the top gainer from the BSE Sensex pack as it was trading up by (10.05%) at Rs.283.5 followed by Reliance Com Ltd higher by (8.19%) at Rs.253.1.
The BSE Mid cap is higher by 14.2 points at 3,559.14 while the BSE small Cap lost 4 points to trade at 4,163.84.
At 12.30 pm, BSE Sensex was at 10,439.24 up by 463 points and the NSE Nifty was at 3,208.8 higher by 128 points.
BSE Metal index is trading up by 273.16 points to 6,074.87. The main gainers are Sterlite Indus (7.99%), Hindalco (6.15%), Steel Authority (6.15%) and Tata Steel (5.32%).
BSE Oil & Gas index is trading 245.20 points higher at 6,724.76 as Cairn India (9.34%), Essar Oil Ltd (5.93%), ONGC Ltd (4.91%) and Reliance (3.89%) are trading in positive.
BSE Bankex index is trading higher by 231.41 points at 5,778.10. Gainers are HDFC Bank (6.44%), ICICI Bank (6.27%), AXIS Bank (2.54%) and Bank of Baroda (2.38%).
BSE IT index advanced by 201.40 points to 2,738.67. The major gainers are Wipro Ltd (10.15%), HCL Tech (9.28%), Rolata India (8.26%), Infosys Tech (8.02%) and TCS Ltd (7.96%).
BSE Capital Goods index advanced by 161.64 points at 7,403 as Siemens Ltd (7.06%), ABB Ltd (5.92%), Punj Lloyd (5.36%) and Gammon Indi (3.90%) are trading in green.
BSE FMCG index increased by 59.85 points to 1,918.84. Leading to its rise are ITC Ltd (5.17%), HUL (3.59%), United Spr (1.74%) and Godrej Cons (1.61%).
BSE Pharma index inclined by 42.70 points to trade at 3,251.72 as Sun Pharma (5.90%), Aurobindo Pharma (4.04%), Ranbaxy Lab (3.81%) and Dr Reddy’s Lab (3.69%) trading in positive.
BSE Power index was trading 33.70 points higher at 1,745.97. The main gainers are Siemens Ltd (7.43%), ABB ltd (6.72%), Reliance Infra (5.35%) and Suzlon Energy (3.13%).
On the global market front, the Asian markets are trading up. The Hang Seng Index jumped 4% to 15,133.43 in afternoon trading, along with Nikkei 225 Average rose 2.8% to 8,937.98 and Singapore''s Straits Times index increased 2.1% to 1,918.08.
The overall market breadth is negative as 1279 stocks are declining while 1047 stocks are advancing and the 65 stocks remained unchanged on BSE.
Wipro Ltd reported the top gainer from the BSE Sensex pack as it was trading up by (10.05%) at Rs.283.5 followed by Reliance Com Ltd higher by (8.19%) at Rs.253.1.
The BSE Mid cap is higher by 14.2 points at 3,559.14 while the BSE small Cap lost 4 points to trade at 4,163.84.
At 12.30 pm, BSE Sensex was at 10,439.24 up by 463 points and the NSE Nifty was at 3,208.8 higher by 128 points.
BSE Metal index is trading up by 273.16 points to 6,074.87. The main gainers are Sterlite Indus (7.99%), Hindalco (6.15%), Steel Authority (6.15%) and Tata Steel (5.32%).
BSE Oil & Gas index is trading 245.20 points higher at 6,724.76 as Cairn India (9.34%), Essar Oil Ltd (5.93%), ONGC Ltd (4.91%) and Reliance (3.89%) are trading in positive.
BSE Bankex index is trading higher by 231.41 points at 5,778.10. Gainers are HDFC Bank (6.44%), ICICI Bank (6.27%), AXIS Bank (2.54%) and Bank of Baroda (2.38%).
BSE IT index advanced by 201.40 points to 2,738.67. The major gainers are Wipro Ltd (10.15%), HCL Tech (9.28%), Rolata India (8.26%), Infosys Tech (8.02%) and TCS Ltd (7.96%).
BSE Capital Goods index advanced by 161.64 points at 7,403 as Siemens Ltd (7.06%), ABB Ltd (5.92%), Punj Lloyd (5.36%) and Gammon Indi (3.90%) are trading in green.
BSE FMCG index increased by 59.85 points to 1,918.84. Leading to its rise are ITC Ltd (5.17%), HUL (3.59%), United Spr (1.74%) and Godrej Cons (1.61%).
BSE Pharma index inclined by 42.70 points to trade at 3,251.72 as Sun Pharma (5.90%), Aurobindo Pharma (4.04%), Ranbaxy Lab (3.81%) and Dr Reddy’s Lab (3.69%) trading in positive.
BSE Power index was trading 33.70 points higher at 1,745.97. The main gainers are Siemens Ltd (7.43%), ABB ltd (6.72%), Reliance Infra (5.35%) and Suzlon Energy (3.13%).
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