The markets gains further ground and are now trading strongly as fresh buying witnessed among the selective scrips mainly led by the Realty, Oil & Gas, Metal, Auto and Banking stocks. Some bit of recovery is seen in the Asian market. The BSE Mid Cap and the BSE Small Cap index are also trading higher. The markets got a boost on reports that the RBI may announce a rate cut in a week or two. Further, there were reports that the government in order to boost the economy may inject a massive Rs 50,000 crore for funding infrastructure projects.
The BSE Sensex is now trading above the 9,150 mark and the NSE Nifty above the 2,750 mark.
The overall market breadth is positive as 1135 stocks are advancing while 1034 stocks are declining and the 79 stocks remained unchanged on BSE.
On the global market front, the Asian markets are trading mixed after managed to reover from the early lows as Shanghai Composite, Hang Seng and Straits Times index are trading higher by (5.42%), (1.51%) and (0.51%) respectively. However, the Nikkei and KLSE Composite index are trading lower by (0.66%) and (0.11%) respectively.
DLF reported the top gainer from the BSE Sensex pack as it was trading higher by (6.74%) at Rs. 239.20 while Satyam Computer the top loser down by (2.04%) at Rs.237.15.
The BSE Mid cap is higher by 14.26 points at 3,074.58 and the BSE small Cap marginally higher by 0.09 points to trade at 3,558.75.
At 12.31 pm, BSE Sensex was at 9,164.67 up by 227.47 points while the NSE Nifty was at 2,758.75 up by 75.60 points.
BSE Metal index surged by 162.19 points at 4,678.47 as Sterlite Industries (7.23%), NALCO (4.74%), Jindal Steel (4.46%) and SAIL (3.58%) are trading in green.
BSE Bankex index is trading higher by 153.92 points at 4,886.40. Gainers are AXIS Bank (4.64%), Kotak Bank (3.90%), SBI (3.21%), HDFC Bank (3.92%) and ICICI Bank (2.54%).
BSE Oil & Gas index is trading 249.14 points higher at 5,821.16 as Cairn India (3.66%), RNRL (3.87%), RPL (3.17%) and ONGC (3.06%) are trading in positive.
BSE Capital goods index advanced by 167.12 points to 6,793.62. The main gainers are Siemens (4.34%), BHEL (3.39%), L&T (2.66%), ABB (2.29%) and Havell India (2.22%).
BSE IT index declined by 30.64 points to trade at 2,417.12 as Mphasis (7.72%), Tech Mahindra (2.15%), Satyam Computer (2.13%), Infosys Technologies (0.84%) are trading in negative.
BSE Power index is trading 37.02 points higher at 1,609. The main gainers are Reliance Power (3.78%), Suzlon Energy (3.76%), Tata Power (3.56%), GVK Power (3.43%).
BSE Realty index improved by 78.18 points to 1,917.05. The major gainers are India Bull Real (8.23%), Mahindra Life (6.19%), DLF (7.23%) and Parsavnath (3.21%).
BSE Auto inclined by 49.18 points to 2,356.53. Leading to its gain are Maruti Suzuki (5.31%), Mahindra & Mahindra (4.44%), Hero Honda (4.20%) and Tata Motors (1.66%).
The BSE Sensex is now trading above the 9,150 mark and the NSE Nifty above the 2,750 mark.
The overall market breadth is positive as 1135 stocks are advancing while 1034 stocks are declining and the 79 stocks remained unchanged on BSE.
On the global market front, the Asian markets are trading mixed after managed to reover from the early lows as Shanghai Composite, Hang Seng and Straits Times index are trading higher by (5.42%), (1.51%) and (0.51%) respectively. However, the Nikkei and KLSE Composite index are trading lower by (0.66%) and (0.11%) respectively.
DLF reported the top gainer from the BSE Sensex pack as it was trading higher by (6.74%) at Rs. 239.20 while Satyam Computer the top loser down by (2.04%) at Rs.237.15.
The BSE Mid cap is higher by 14.26 points at 3,074.58 and the BSE small Cap marginally higher by 0.09 points to trade at 3,558.75.
At 12.31 pm, BSE Sensex was at 9,164.67 up by 227.47 points while the NSE Nifty was at 2,758.75 up by 75.60 points.
BSE Metal index surged by 162.19 points at 4,678.47 as Sterlite Industries (7.23%), NALCO (4.74%), Jindal Steel (4.46%) and SAIL (3.58%) are trading in green.
BSE Bankex index is trading higher by 153.92 points at 4,886.40. Gainers are AXIS Bank (4.64%), Kotak Bank (3.90%), SBI (3.21%), HDFC Bank (3.92%) and ICICI Bank (2.54%).
BSE Oil & Gas index is trading 249.14 points higher at 5,821.16 as Cairn India (3.66%), RNRL (3.87%), RPL (3.17%) and ONGC (3.06%) are trading in positive.
BSE Capital goods index advanced by 167.12 points to 6,793.62. The main gainers are Siemens (4.34%), BHEL (3.39%), L&T (2.66%), ABB (2.29%) and Havell India (2.22%).
BSE IT index declined by 30.64 points to trade at 2,417.12 as Mphasis (7.72%), Tech Mahindra (2.15%), Satyam Computer (2.13%), Infosys Technologies (0.84%) are trading in negative.
BSE Power index is trading 37.02 points higher at 1,609. The main gainers are Reliance Power (3.78%), Suzlon Energy (3.76%), Tata Power (3.56%), GVK Power (3.43%).
BSE Realty index improved by 78.18 points to 1,917.05. The major gainers are India Bull Real (8.23%), Mahindra Life (6.19%), DLF (7.23%) and Parsavnath (3.21%).
BSE Auto inclined by 49.18 points to 2,356.53. Leading to its gain are Maruti Suzuki (5.31%), Mahindra & Mahindra (4.44%), Hero Honda (4.20%) and Tata Motors (1.66%).
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