The markets have given up all its early morning gains and are trading flat as volatility strikes the market. The market is swinging between the positive and negative territory. The buying is seen among the Oil & Gas, Banking, FMCG and Pharma stocks. However, the Capital Goods, Power, Realty, Auto and IT stocks are under pressure today. The BSE Mid Cap and the BSE Small Cap index are however trading with a loss of around 1% each.
The BSE Sensex is now trading around the 8,700 mark and the NSE Nifty hovering around the 2,650 mark.
The overall market breadth is negative as 615 stocks are advancing while 1178 stocks are declining and the 56 stocks remained unchanged on BSE.
On the global market front, the Asian Markets are trading mixed as Hang Seng, Shanghai Composite and Straits Times index are trading higher by (1.99%), (0.14%) and (0.73%) respectively. However the Nikkei index is trading lower by (1.33%).
Sterlite Industries reported the top gainer from the BSE Sensex pack as it was trading higher by (5.55%) at Rs. 216 while Reliance Communication the top loser down by (3.35%) at Rs. 189.
The BSE Mid cap is lower by 34.81 points at 2,837.78 and the BSE small Cap slipped by 41.99 points to trade at 3,291.33.
At 12.31 pm, BSE Sensex was at 8,708.03 up by 12.50 points while the NSE Nifty was at 2,653.65 down by 0.35 points.
BSE Metal index slipped by 34.94 points at 4,229.23 as NMDC (6.68%), Sesa Goa (3.49%), Hindalco Industries (2.92%) and Tata Steel (2.25%) are trading in red.
BSE Bankex index is trading higher by 13.19 points at 4,378.19. Gainers are ICICI Bank (2.81%), HDFC Bank (2.65%), Oriental Bank (0.67%) and Yes Bank (0.16%). However, the losers are AXIS Bank (3.99%), PNB (3.15%) and IDBI Bank (3.67%).
BSE Oil & Gas index is trading 63.08 points higher at 5,472.45 as Essar Oil (1.63%), Gail India (1.38%), Cairn India (1.04%) and RNRL (0.88%) are trading in positive.
BSE Capital goods index dropped by 106.90 points to 6,279.78. The main losers are Siemens (16.06%), Gammon India (4.39%), Havells India (6.24%), Punj Lloyd (2.55%) and BHEL (1.56%).
BSE IT index declined by 22.14 points to trade at 2,410.30 as Mphasis (2.21%), Tech Mahindra (1.42%), TCS (0.91%) and Satyam Computer (0.24%) are trading in negative.
BSE Power index is trading 24.70 points lower at 1,577.04. The main losers are Suzlon Energy (3.42%), Torent Power (2.95%), Tata Power (2%), Power Grid (0.41%) and NTPC (0.49%).
BSE Realty index slipped by 29.35 points to 1,514.14. The major losers are Unitech (5.08%), HDIL (4.56%), Omaxe Ltd (4.29%), Ansal Infra (5.89%) and Penland (2.78%).
BSE Auto declined by 30.48 points to 2,251.54. Leading to its fall are Maruti Suzuki (3.36%), Mahindra & Mahindra (2.80%), Bajaj Auto (0.90%) and Ashok Leyland (0.37%).
The BSE Sensex is now trading around the 8,700 mark and the NSE Nifty hovering around the 2,650 mark.
The overall market breadth is negative as 615 stocks are advancing while 1178 stocks are declining and the 56 stocks remained unchanged on BSE.
On the global market front, the Asian Markets are trading mixed as Hang Seng, Shanghai Composite and Straits Times index are trading higher by (1.99%), (0.14%) and (0.73%) respectively. However the Nikkei index is trading lower by (1.33%).
Sterlite Industries reported the top gainer from the BSE Sensex pack as it was trading higher by (5.55%) at Rs. 216 while Reliance Communication the top loser down by (3.35%) at Rs. 189.
The BSE Mid cap is lower by 34.81 points at 2,837.78 and the BSE small Cap slipped by 41.99 points to trade at 3,291.33.
At 12.31 pm, BSE Sensex was at 8,708.03 up by 12.50 points while the NSE Nifty was at 2,653.65 down by 0.35 points.
BSE Metal index slipped by 34.94 points at 4,229.23 as NMDC (6.68%), Sesa Goa (3.49%), Hindalco Industries (2.92%) and Tata Steel (2.25%) are trading in red.
BSE Bankex index is trading higher by 13.19 points at 4,378.19. Gainers are ICICI Bank (2.81%), HDFC Bank (2.65%), Oriental Bank (0.67%) and Yes Bank (0.16%). However, the losers are AXIS Bank (3.99%), PNB (3.15%) and IDBI Bank (3.67%).
BSE Oil & Gas index is trading 63.08 points higher at 5,472.45 as Essar Oil (1.63%), Gail India (1.38%), Cairn India (1.04%) and RNRL (0.88%) are trading in positive.
BSE Capital goods index dropped by 106.90 points to 6,279.78. The main losers are Siemens (16.06%), Gammon India (4.39%), Havells India (6.24%), Punj Lloyd (2.55%) and BHEL (1.56%).
BSE IT index declined by 22.14 points to trade at 2,410.30 as Mphasis (2.21%), Tech Mahindra (1.42%), TCS (0.91%) and Satyam Computer (0.24%) are trading in negative.
BSE Power index is trading 24.70 points lower at 1,577.04. The main losers are Suzlon Energy (3.42%), Torent Power (2.95%), Tata Power (2%), Power Grid (0.41%) and NTPC (0.49%).
BSE Realty index slipped by 29.35 points to 1,514.14. The major losers are Unitech (5.08%), HDIL (4.56%), Omaxe Ltd (4.29%), Ansal Infra (5.89%) and Penland (2.78%).
BSE Auto declined by 30.48 points to 2,251.54. Leading to its fall are Maruti Suzuki (3.36%), Mahindra & Mahindra (2.80%), Bajaj Auto (0.90%) and Ashok Leyland (0.37%).
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