The markets have maintained their opening gains and have gained further grounds as strong buying continued across the board. The announcement of the stimulus package by China has realyy supported the market today. The Metal, Capital Goods, Power, Oil & Gas and Banking stocks are on the buyer’s ride today. The BSE Mid Cap and the BSE Small Cap index are also trading higher with a gain of more than 2% each.
The BSE Sensex is now trading above the 10,300 mark and the NSE Nifty is hovering near the 3,100 mark.
The overall market breadth is positive as 1584 stocks are advancing while 686 stocks are declining and the 59 stocks remained unchanged on BSE.
On the global market front, the Asian Markets are trading higher as Hang Seng, Nikkei 225, and Shanghai Composite Index are trading higher by (4.69%), (5.81%) and (6.03%) respectively. The Asian Markets got a boost on the back of the China’s $586 billion stimulus plan over the weekend in order to tackle the effects of a global slowdown on its booming economy.
Sterlite Industries reported the top gainer from the BSE Sensex pack as it was trading higher by (13.45%) at Rs.279.25 while Maruti Suzuki reported the top loser down by (0.46%) at Rs.594.90.
The BSE Mid cap is higher by 98.44 points at 3,453.82 and the BSE small Cap advanced by 79.07 points to trade at 3,979.17.
At 12.31 pm, BSE Sensex was at 10,366.46 up by 402.17 points while the NSE Nifty was at 3,094.50 up by 121.50 points.
BSE Metal index surged by 450.83 points at 5,603.16 as Sterlite Industries (13.55%), Jindal Steel (11.17%), Tata Steel (10.36%), Nalco (8.54%) and JSW Steel (8.46%) are trading in green.
BSE Bankex index is trading higher by 164.23 points at 5,696.38. Gainers are ICICI Bank (5.79%), IDBI Bank (4.69%), Kotak Bank (4.09%), SBI (3.20%) and AXIS Bank (2.84%).
BSE Oil & Gas index is trading 225.21 points higher at 6,238.78 as ONGC (5.12%), Essar Oil (4.93%), Cairn India (4.85%) and RNRL (4.35%) are trading in positive.
BSE Capital goods index advanced by 467.53 points to 8,102.94. The main gainers are Praj Industries (15.87%), Punj Lloyd (6.78%), Siemens (9.81%), ABB (6.01%) and BHEL (7.39%).
BSE IT index inclined by 28.28 points to trade at 2,698.82 as Satyam Computer (3.47%), Wipro (3.07%), HCL Technologies (2.21%), Mphasis (2.02%) and Tech Mahindra (1.08%) are trading in positive.
BSE Power index is trading 98.48 points higher at 1,876.05. The main gainers are Torent Power (16.26%), Tata Power (6.14%), GVK Power (6.16%), Reliance Power (4.61%), Power Grid (3.32%).
BSE Realty index improved by 31.14 points to 2,373.96. The major gainers are HDIL (8.08%), Omaxe Ltd. (4.87%), Sobha Developers (4.54%) and Unitech (4.04%).
BSE Auto inclined by 17.32 points to 2,678.85. Leading to its gain are Tata Motors (5.10%), Bajaj Auto (3.33%), Ashok Leyland (2.69%) and Mahindra & Mahindra (1.02%).
The BSE Sensex is now trading above the 10,300 mark and the NSE Nifty is hovering near the 3,100 mark.
The overall market breadth is positive as 1584 stocks are advancing while 686 stocks are declining and the 59 stocks remained unchanged on BSE.
On the global market front, the Asian Markets are trading higher as Hang Seng, Nikkei 225, and Shanghai Composite Index are trading higher by (4.69%), (5.81%) and (6.03%) respectively. The Asian Markets got a boost on the back of the China’s $586 billion stimulus plan over the weekend in order to tackle the effects of a global slowdown on its booming economy.
Sterlite Industries reported the top gainer from the BSE Sensex pack as it was trading higher by (13.45%) at Rs.279.25 while Maruti Suzuki reported the top loser down by (0.46%) at Rs.594.90.
The BSE Mid cap is higher by 98.44 points at 3,453.82 and the BSE small Cap advanced by 79.07 points to trade at 3,979.17.
At 12.31 pm, BSE Sensex was at 10,366.46 up by 402.17 points while the NSE Nifty was at 3,094.50 up by 121.50 points.
BSE Metal index surged by 450.83 points at 5,603.16 as Sterlite Industries (13.55%), Jindal Steel (11.17%), Tata Steel (10.36%), Nalco (8.54%) and JSW Steel (8.46%) are trading in green.
BSE Bankex index is trading higher by 164.23 points at 5,696.38. Gainers are ICICI Bank (5.79%), IDBI Bank (4.69%), Kotak Bank (4.09%), SBI (3.20%) and AXIS Bank (2.84%).
BSE Oil & Gas index is trading 225.21 points higher at 6,238.78 as ONGC (5.12%), Essar Oil (4.93%), Cairn India (4.85%) and RNRL (4.35%) are trading in positive.
BSE Capital goods index advanced by 467.53 points to 8,102.94. The main gainers are Praj Industries (15.87%), Punj Lloyd (6.78%), Siemens (9.81%), ABB (6.01%) and BHEL (7.39%).
BSE IT index inclined by 28.28 points to trade at 2,698.82 as Satyam Computer (3.47%), Wipro (3.07%), HCL Technologies (2.21%), Mphasis (2.02%) and Tech Mahindra (1.08%) are trading in positive.
BSE Power index is trading 98.48 points higher at 1,876.05. The main gainers are Torent Power (16.26%), Tata Power (6.14%), GVK Power (6.16%), Reliance Power (4.61%), Power Grid (3.32%).
BSE Realty index improved by 31.14 points to 2,373.96. The major gainers are HDIL (8.08%), Omaxe Ltd. (4.87%), Sobha Developers (4.54%) and Unitech (4.04%).
BSE Auto inclined by 17.32 points to 2,678.85. Leading to its gain are Tata Motors (5.10%), Bajaj Auto (3.33%), Ashok Leyland (2.69%) and Mahindra & Mahindra (1.02%).
No comments:
Post a Comment