The markets are still trading higher as the benchmark indices are witnessing huge buying interest. The Capital Goods, IT, Power, Oil & Gas, Metal and Banking stocks are on the buyer’s ride today. Further the positive Asian markets also added to the rally. The BSE Mid Cap and the BSE Small Cap index are however trading with marginal gain.
The BSE Sensex is now trading above the 8,700 mark and the NSE Nifty is hovering around the 2,600 mark.
The overall market breadth is negative as 1074 stocks are advancing while 1090 stocks are declining and the 92 stocks remained unchanged on BSE.
On the global market front, the Asian Markets made a sharp rebound from the day’s low as investors started betting on battered financial and technology shares. Nikkei, Shanghai Composite, Hang Seng and Straits Times index are trading higher by (2.70%), (1.14%), (3.83%) and (1.88%) respectively.
Hindalco Industries reported the top gainer from the BSE Sensex pack as it was trading higher by (6%) at Rs. 53 while DLF the top loser down by (5.46%) at Rs. 194.
The BSE Mid cap is higher by 4.69 points at 2,900.48 and the BSE small Cap advanced by 6.58 points to trade at 3,391.92.
At 12.31 pm, BSE Sensex was at 8,715.08 up by 264.07 points while the NSE Nifty was at 2,629.85 up by 76.70 points.
BSE Metal index advanced by 154.46 points at 4,404.95 as Hindalco Industries (5.50%), NALCO (5.10%), Sterlite Industries (4.86%) and SAIL (4.69%) are trading in green.
BSE Bankex index is trading higher by 151.48 points at 4,549.77. Gainers are Kotak Bank (4.63%), SBI (4.26%), PNB (3.65%), AXIS Bank (3.07%) and HDFC Bank (3.01%).
BSE Oil & Gas index is trading 216.90 points higher at 5,468.91 as ONGC (3.71%), Gail India (2.51%), Indian Oil (2.72%) and RPL (2.36%) are trading in positive.
BSE Capital goods index surged by 275.87 points to 6,485.25. The main gainers are L&T (4.38%), Siemens (4.61%), Punj Lloyd (3.28%), BHEL (4.94%) and ABB (1.42%).
BSE IT index inclined by 100.86 points to trade at 2,444.70 as TCS (6.28%), Wipro (4.51%), Infosys Technologies (3.88%), Satyam Computer (2.85%) are trading in positive.
BSE Power index is trading 66.23 points higher at 1,561.93. The main gainers are Suzlon Energy (8.80%), GVK Power (5.56%), Torent Power (3.68%), NTPC (3.91%).
BSE Realty index slipped by 50.37 points to 1,628.69. The major losers are Unitech (10.67%), HDIL (6.27%), Omaxe Ltd. (5.37%), DLF (5.14%) and Parsavnath (3.13%).
BSE Auto inclined by 40.78 points to 2,293.75. Leading to its gain are Mahindra & Mahindra (3.43%), Maruti Suzuki (2.83%), Tata Motors (2.85%).
The BSE Sensex is now trading above the 8,700 mark and the NSE Nifty is hovering around the 2,600 mark.
The overall market breadth is negative as 1074 stocks are advancing while 1090 stocks are declining and the 92 stocks remained unchanged on BSE.
On the global market front, the Asian Markets made a sharp rebound from the day’s low as investors started betting on battered financial and technology shares. Nikkei, Shanghai Composite, Hang Seng and Straits Times index are trading higher by (2.70%), (1.14%), (3.83%) and (1.88%) respectively.
Hindalco Industries reported the top gainer from the BSE Sensex pack as it was trading higher by (6%) at Rs. 53 while DLF the top loser down by (5.46%) at Rs. 194.
The BSE Mid cap is higher by 4.69 points at 2,900.48 and the BSE small Cap advanced by 6.58 points to trade at 3,391.92.
At 12.31 pm, BSE Sensex was at 8,715.08 up by 264.07 points while the NSE Nifty was at 2,629.85 up by 76.70 points.
BSE Metal index advanced by 154.46 points at 4,404.95 as Hindalco Industries (5.50%), NALCO (5.10%), Sterlite Industries (4.86%) and SAIL (4.69%) are trading in green.
BSE Bankex index is trading higher by 151.48 points at 4,549.77. Gainers are Kotak Bank (4.63%), SBI (4.26%), PNB (3.65%), AXIS Bank (3.07%) and HDFC Bank (3.01%).
BSE Oil & Gas index is trading 216.90 points higher at 5,468.91 as ONGC (3.71%), Gail India (2.51%), Indian Oil (2.72%) and RPL (2.36%) are trading in positive.
BSE Capital goods index surged by 275.87 points to 6,485.25. The main gainers are L&T (4.38%), Siemens (4.61%), Punj Lloyd (3.28%), BHEL (4.94%) and ABB (1.42%).
BSE IT index inclined by 100.86 points to trade at 2,444.70 as TCS (6.28%), Wipro (4.51%), Infosys Technologies (3.88%), Satyam Computer (2.85%) are trading in positive.
BSE Power index is trading 66.23 points higher at 1,561.93. The main gainers are Suzlon Energy (8.80%), GVK Power (5.56%), Torent Power (3.68%), NTPC (3.91%).
BSE Realty index slipped by 50.37 points to 1,628.69. The major losers are Unitech (10.67%), HDIL (6.27%), Omaxe Ltd. (5.37%), DLF (5.14%) and Parsavnath (3.13%).
BSE Auto inclined by 40.78 points to 2,293.75. Leading to its gain are Mahindra & Mahindra (3.43%), Maruti Suzuki (2.83%), Tata Motors (2.85%).
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