The markets are trading higher after a positive opening on account of significant buying across the board. Investors welcomed Prime Minister Manmohan Singh taking charge of the Finance Ministry after P Chidambaram was appointed Home Minister following the resignation of Shivraj Patil. A hope that the RBI will cut its key policy rates further is also keeping investor’s sentiment upbeat. The buying is seen mainly among the Realty, Metal, Oil & Gas, IT, Teck, PSU and Capital Goods stocks. The BSE Mid Cap and the BSE Small Cap index are following the same trend. However, the Auto and Consumer Durables stocks are trading in red terrain.
The BSE Sensex is now trading above the 9,200 mark and the NSE Nifty above the 2,800 mark.
The overall market breadth is positive as 1118 stocks are advancing while 583 stocks are declining and the 58 stocks remained unchanged on BSE.
On the global market front, the Asian markets are trading mixed as Hang Seng, Taiwan Weighted and Shanghai Composite are trading higher by (2.14%), (1.30%) and (0.71%) respectively. However, the Nikkei, Seoul Composite and Straight Times are trading lower by (1.35%), (1.62%) and (0.95%) respectively.
JP Associates reported the top gainer from the BSE Sensex pack as it was trading higher by (6.78%) at Rs. 59.85 while Maruti Suzuki the top loser down by (3.96%) at Rs. 514.65.
The BSE Mid cap is higher by 27.39 points at 2,913.15 and the BSE Small Cap up by 41.04 points to trade at 3,345.66.
At 12.30 pm, BSE Sensex was at 9,276.70 higher by 183.97 points while the NSE Nifty was at 2,816.60 up by 61.50 points.
BSE Realty index gained (3.43%) or 53.58 points to 1,614.59. The major gainers are Unitech (15.58%), Ansal Infra (6.37%), Housing Development (4.75%), Orbit Co (4.27%) and Mahindra Life (3.69%).
BSE Metal index jumped by (3.01%) or 131.79 points at 4,515.17 as NMDC Ltd (5.68%), Sterlite Industries (5.47%), Jai Corp Ltd (5.15%) and Jindal Steel (3.15%) are trading in green.
BSE Oil & Gas index is trading (2.61%) or 146.82 points up at 5,764.98 as Essar Oil Ltd (6.06%), BPCL (4.35%), Gail India (3.72%), Reliance Natural Resources (3.30%) and ONGC (3.24%) are trading in positive.
BSE IT index inclined by (2.11%) or 53.87 points to trade at 2,612.81 as Mphasis (7.79%), NIIT Ltd (7.16%), Aptech Ltd (6.10%) and Moser Bayer (5.56%) are trading in positive.
BSE Teck index is trading higher by (2.10%) or 42.13 points at 2,043.76. Gainers are Mphasis (7.79%), NIIT Ltd (7.16%), Adlabs Films (6.15%) and Aptech Ltd (6.10%).
BSE PSU index advanced by (2.07%) or 95.08 points to 4,680.91. The main gainers are NMDC Ltd (5.68%), State Trade Corp (5.43%), Indian Overseas Bank (4.80%) and BPCL (4.35%).
BSE Auto declined by (2.07%) or 48.17 points to 2,282.39. Leading to its fall are Hero Honda Motors (4.10%), Maruti Suzuki (3.96%), Amtek Auto (2.16%) and Bajaj Auto (1.89%).
BSE Consumer Durables index is trading (1.72%) or 30.86 points lower at 1,762.71. The main losers are Titan Ind (3.57%), Blue Star L (1.28%) and Videocon Ind (0.68%).
The BSE Sensex is now trading above the 9,200 mark and the NSE Nifty above the 2,800 mark.
The overall market breadth is positive as 1118 stocks are advancing while 583 stocks are declining and the 58 stocks remained unchanged on BSE.
On the global market front, the Asian markets are trading mixed as Hang Seng, Taiwan Weighted and Shanghai Composite are trading higher by (2.14%), (1.30%) and (0.71%) respectively. However, the Nikkei, Seoul Composite and Straight Times are trading lower by (1.35%), (1.62%) and (0.95%) respectively.
JP Associates reported the top gainer from the BSE Sensex pack as it was trading higher by (6.78%) at Rs. 59.85 while Maruti Suzuki the top loser down by (3.96%) at Rs. 514.65.
The BSE Mid cap is higher by 27.39 points at 2,913.15 and the BSE Small Cap up by 41.04 points to trade at 3,345.66.
At 12.30 pm, BSE Sensex was at 9,276.70 higher by 183.97 points while the NSE Nifty was at 2,816.60 up by 61.50 points.
BSE Realty index gained (3.43%) or 53.58 points to 1,614.59. The major gainers are Unitech (15.58%), Ansal Infra (6.37%), Housing Development (4.75%), Orbit Co (4.27%) and Mahindra Life (3.69%).
BSE Metal index jumped by (3.01%) or 131.79 points at 4,515.17 as NMDC Ltd (5.68%), Sterlite Industries (5.47%), Jai Corp Ltd (5.15%) and Jindal Steel (3.15%) are trading in green.
BSE Oil & Gas index is trading (2.61%) or 146.82 points up at 5,764.98 as Essar Oil Ltd (6.06%), BPCL (4.35%), Gail India (3.72%), Reliance Natural Resources (3.30%) and ONGC (3.24%) are trading in positive.
BSE IT index inclined by (2.11%) or 53.87 points to trade at 2,612.81 as Mphasis (7.79%), NIIT Ltd (7.16%), Aptech Ltd (6.10%) and Moser Bayer (5.56%) are trading in positive.
BSE Teck index is trading higher by (2.10%) or 42.13 points at 2,043.76. Gainers are Mphasis (7.79%), NIIT Ltd (7.16%), Adlabs Films (6.15%) and Aptech Ltd (6.10%).
BSE PSU index advanced by (2.07%) or 95.08 points to 4,680.91. The main gainers are NMDC Ltd (5.68%), State Trade Corp (5.43%), Indian Overseas Bank (4.80%) and BPCL (4.35%).
BSE Auto declined by (2.07%) or 48.17 points to 2,282.39. Leading to its fall are Hero Honda Motors (4.10%), Maruti Suzuki (3.96%), Amtek Auto (2.16%) and Bajaj Auto (1.89%).
BSE Consumer Durables index is trading (1.72%) or 30.86 points lower at 1,762.71. The main losers are Titan Ind (3.57%), Blue Star L (1.28%) and Videocon Ind (0.68%).
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