The markets continue to trade higher with strong gains as huge buying is seen across the board. The Oil & Gas, Banking, Metal, IT, Capital Goods and Power stocks are on the buyers ride. The positive global cues are also supporting the market today as both the US Federal Reserve and the Bank of Japan has cut their interest rates in order to tackle the ongoing financial crisis.
The BSE Sensex is now hovering above the 9,600 mark and the NSE Nifty is trading around 2,850 mark. The BSE Mid Cap and the BSE Small Cap stocks are also trading with a gap of more than 2% each.
On the global market front, the Asian markets are however trading lower as Nikkei 225 index trading down by 5.01%, Hang Seng index down by 4.77% and the Straight Times index is trading lower by 1.09%.
The overall market breadth is positive as 1462 stocks are advancing while 763 stocks are declining and the 63 stocks remained unchanged on BSE.
Mahindra & Mahindra reported the top gainer from the BSE Sensex pack as it was trading higher by (19.17%) at Rs.295.55 while Satyam Computer reported the top loser down by (1.96%) at Rs.282.20.
The BSE Mid cap is higher by 59.37 points at 3,153.85 and the BSE small Cap advanced by 71.76 points to trade at 3,746.37.
At 12.31 pm, BSE Sensex was at 9,627.80 up by 583.29 points and the NSE Nifty was at 2,835.55 up by 138.50 points.
BSE Metal index surged by 356.60 points at 5,227.47 as Jindal Steel (15.10%), JSW Steel (10.91%), NALCO (10.83%), Tata Steel (9.34%) and Sterlite Industries (8.97%) are trading in green.
BSE Bankex index is trading higher by 339.58 points at 5,013.92. Gainers are ICICI Bank (11.93%), HDFC Bank (10.15%), Kotak Bank (6.62%), Bank of India (6.98%) and PNB (4.04%).
BSE Oil & Gas index is trading 449.40 points higher at 6,127.73 as Cairn India (11.97%), Aban Offshore (10.80%), Essar Oil (9.63%) and RPL (7.54%) are trading in positive.
BSE Capital goods index advanced by 278.57 points to 6,962.28. The main gainers are Praj Industries (8.06%), L&T (6.41%), BHEL (5.70%), Siemens (3.47%) and Punj Lloyd (1.27%).
BSE IT index inclined by 178.21points to trade at 2,883.98 as HCL Technologies (12.03%), TCS (8.85%), Wipro (7.67%) and Satyam Computer (6.94%) are trading in positive.
BSE Power index was trading 67.98 points higher at 1,568.22. The main gainers are Tata Power (10.62%),.NTPC (4.48%), Torent Power (3.66%) and Reliance Power (2.96%).
BSE Realty index improved by 46.63 points to 1,980.47. The major gainers are DLF (5.06%), Ansal Infra (4.55%), Sobha Developers (2.82%) and Parsavnath (2.59%).
BSE Auto inclined by 118.95 points to 2,643.35. Leading to its gain are Mahindra & Mahindra (12.13%), Tata Motors (7.34%), Maruti Suzuki (4.47%) and Bajaj Auto (3.34%).
The BSE Sensex is now hovering above the 9,600 mark and the NSE Nifty is trading around 2,850 mark. The BSE Mid Cap and the BSE Small Cap stocks are also trading with a gap of more than 2% each.
On the global market front, the Asian markets are however trading lower as Nikkei 225 index trading down by 5.01%, Hang Seng index down by 4.77% and the Straight Times index is trading lower by 1.09%.
The overall market breadth is positive as 1462 stocks are advancing while 763 stocks are declining and the 63 stocks remained unchanged on BSE.
Mahindra & Mahindra reported the top gainer from the BSE Sensex pack as it was trading higher by (19.17%) at Rs.295.55 while Satyam Computer reported the top loser down by (1.96%) at Rs.282.20.
The BSE Mid cap is higher by 59.37 points at 3,153.85 and the BSE small Cap advanced by 71.76 points to trade at 3,746.37.
At 12.31 pm, BSE Sensex was at 9,627.80 up by 583.29 points and the NSE Nifty was at 2,835.55 up by 138.50 points.
BSE Metal index surged by 356.60 points at 5,227.47 as Jindal Steel (15.10%), JSW Steel (10.91%), NALCO (10.83%), Tata Steel (9.34%) and Sterlite Industries (8.97%) are trading in green.
BSE Bankex index is trading higher by 339.58 points at 5,013.92. Gainers are ICICI Bank (11.93%), HDFC Bank (10.15%), Kotak Bank (6.62%), Bank of India (6.98%) and PNB (4.04%).
BSE Oil & Gas index is trading 449.40 points higher at 6,127.73 as Cairn India (11.97%), Aban Offshore (10.80%), Essar Oil (9.63%) and RPL (7.54%) are trading in positive.
BSE Capital goods index advanced by 278.57 points to 6,962.28. The main gainers are Praj Industries (8.06%), L&T (6.41%), BHEL (5.70%), Siemens (3.47%) and Punj Lloyd (1.27%).
BSE IT index inclined by 178.21points to trade at 2,883.98 as HCL Technologies (12.03%), TCS (8.85%), Wipro (7.67%) and Satyam Computer (6.94%) are trading in positive.
BSE Power index was trading 67.98 points higher at 1,568.22. The main gainers are Tata Power (10.62%),.NTPC (4.48%), Torent Power (3.66%) and Reliance Power (2.96%).
BSE Realty index improved by 46.63 points to 1,980.47. The major gainers are DLF (5.06%), Ansal Infra (4.55%), Sobha Developers (2.82%) and Parsavnath (2.59%).
BSE Auto inclined by 118.95 points to 2,643.35. Leading to its gain are Mahindra & Mahindra (12.13%), Tata Motors (7.34%), Maruti Suzuki (4.47%) and Bajaj Auto (3.34%).
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