The markets have made a sudden U turn from the day’s low and are trading significantly higher as strong buying witnessed among the selective scrips. The Realty, Capital Goods, Banking, Power, Oil & Gas, FMCG and Metal stocks are on the buyer’s ride today. However, the Consumer Durables and the Pharma stocks are trading lower. The BSE Mid Cap and the BSE Small Cap index are also trading higher with a gain of more than 1% each. The Realty stocks got a boost on reprts that the government may provide an additional budgetary support for infrastructure sector of around Rs 15,000 crore.
The BSE Sensex is now trading above the 8,900 mark and the NSE Nifty trading above the 2,700 mark.
The overall market breadth is positive as 1158 stocks are advancing while 616 stocks are declining and the 64 stocks remained unchanged on BSE.
On the global market front, the Asian markets are trading mixed as Shanghai Composite, Straits Times and KLSE Composite index are trading higher by (2.98%), (1.11%) and (0.21%) respectively. However, the Hang Seng and Seoul Composite index are trading lower by (0.09%) and (1.58%).
Tata Motors reported the top gainer from the BSE Sensex pack as it was trading higher by (5.71%) at Rs. 140.80 while Hindalco Industries the top loser down by (2.84%) at Rs. 49.55.
The BSE Mid cap is higher by 33.28 points at 2,863.87 and the BSE small Cap advanced by 33.54 points to trade at 3,298.64.
At 12.31 pm, BSE Sensex was at 8,950.81 up by 203.38 points while the NSE Nifty was at 2,716.85 up by 60.40 points.
BSE IT index inclined by 35.55 points to trade at 2,435.64 as Tech Mahindra (2.75%), TCS (2.15%), Patni Computer (1.86%), Wipro (1.68%) and Infosys Technologies (0.98%) are trading in positive.
BSE Metal index increased by 43.67 points at 4,494.71 as JSW Steel (6.13%), NMDC (3.34%), Sesa Goa (2.82%), Tata Steel (2.31%) and Ispat Industries (1.29%) are trading in green.
BSE Bankex index is trading higher by 131.96 points at 4,678.97. Gainers are SBI (4.20%), ICICI Bank (3.82%), AXIS Bank (3.49%), PNB (3.02%), Kotak Bank (2.60%) and IDBI Bank (2.29%).
BSE Oil & Gas index is trading 69.90 points higher at 5,437.81 as Aban Offshore (1.94%), Indian Oil (1.87%), HPCL (1.73%), Essar Oil (1.60%) and BPCL (1.42%) are trading in positive.
BSE Capital goods index surged by 203.35 points to 6,289.93. The main gainers are BHEL (4.43%), Havells India (4.03%), L&T (3.02%), Punj Lloyd (3.22%) and Praj Industries (2%).
BSE Power index is trading 44.85 points higher at 1,630.90. The main gainers are Suzlon Energy (6.65%), Tata Power (2.53%), NTPC (1.64%), Torent Power (1.44%) and GVK Power (1.71%).
BSE Realty index advanced by 53.97 points to 1,613.66. The major gainers are HDIL (7.25%), Parsavnath (4.93%), India Bull Real (3.15%), Unitech (3.05%) and Sobha Developers (2.97%).
BSE Auto inclined by 21.59 points to 2,194.70. Leading to its gain are Tata Motors (5.97%), Bajaj Auto (3.26%), Ashok Leyland (2.46%) and Mahindra & Mahindra (1.13%).
The BSE Sensex is now trading above the 8,900 mark and the NSE Nifty trading above the 2,700 mark.
The overall market breadth is positive as 1158 stocks are advancing while 616 stocks are declining and the 64 stocks remained unchanged on BSE.
On the global market front, the Asian markets are trading mixed as Shanghai Composite, Straits Times and KLSE Composite index are trading higher by (2.98%), (1.11%) and (0.21%) respectively. However, the Hang Seng and Seoul Composite index are trading lower by (0.09%) and (1.58%).
Tata Motors reported the top gainer from the BSE Sensex pack as it was trading higher by (5.71%) at Rs. 140.80 while Hindalco Industries the top loser down by (2.84%) at Rs. 49.55.
The BSE Mid cap is higher by 33.28 points at 2,863.87 and the BSE small Cap advanced by 33.54 points to trade at 3,298.64.
At 12.31 pm, BSE Sensex was at 8,950.81 up by 203.38 points while the NSE Nifty was at 2,716.85 up by 60.40 points.
BSE IT index inclined by 35.55 points to trade at 2,435.64 as Tech Mahindra (2.75%), TCS (2.15%), Patni Computer (1.86%), Wipro (1.68%) and Infosys Technologies (0.98%) are trading in positive.
BSE Metal index increased by 43.67 points at 4,494.71 as JSW Steel (6.13%), NMDC (3.34%), Sesa Goa (2.82%), Tata Steel (2.31%) and Ispat Industries (1.29%) are trading in green.
BSE Bankex index is trading higher by 131.96 points at 4,678.97. Gainers are SBI (4.20%), ICICI Bank (3.82%), AXIS Bank (3.49%), PNB (3.02%), Kotak Bank (2.60%) and IDBI Bank (2.29%).
BSE Oil & Gas index is trading 69.90 points higher at 5,437.81 as Aban Offshore (1.94%), Indian Oil (1.87%), HPCL (1.73%), Essar Oil (1.60%) and BPCL (1.42%) are trading in positive.
BSE Capital goods index surged by 203.35 points to 6,289.93. The main gainers are BHEL (4.43%), Havells India (4.03%), L&T (3.02%), Punj Lloyd (3.22%) and Praj Industries (2%).
BSE Power index is trading 44.85 points higher at 1,630.90. The main gainers are Suzlon Energy (6.65%), Tata Power (2.53%), NTPC (1.64%), Torent Power (1.44%) and GVK Power (1.71%).
BSE Realty index advanced by 53.97 points to 1,613.66. The major gainers are HDIL (7.25%), Parsavnath (4.93%), India Bull Real (3.15%), Unitech (3.05%) and Sobha Developers (2.97%).
BSE Auto inclined by 21.59 points to 2,194.70. Leading to its gain are Tata Motors (5.97%), Bajaj Auto (3.26%), Ashok Leyland (2.46%) and Mahindra & Mahindra (1.13%).
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