The markets managed to recover a bit from the lows but are trading cautiously with a little bit of volatility. The buying momentum is seen among the Consumer Durables, Banking, Auto stocks. The Auto and Banking stocks got a boost by a steep interest rate cut by the Federal Reserve. However, the Realty, IT, Oil & Gas and Pharma are reeling under pressure. The BSE Mid Cap and the Small Cap index today are however trading with marginal gains. The BSE Sensex is now trading above the 9,900 mark and the NSE Nifty trading above the 3,000 mark.
The overall market breadth is positive as 1351 stocks are advancing while 854 stocks are declining on BSE.
On the global market front, the Asian markets are trading higher as the Hang Seng, Seoul Composite, Shanghai Composite and Nikkei 225 index are trading higher by (1.38%), (0.71%), (0.56%) and (0.52%) respectively.
ICICI Bank reported the top gainer from the BSE Sensex pack as it was trading higher by (4.85%) at Rs. 442 while Satyam Computer the top loser down by (27.48%) at Rs. 164.25.
The BSE Mid cap is higher by 24.77 points at 3,268.98 and the BSE small Cap advanced by 37.08 points to trade at 3,813.73.
At 12.35 pm, BSE Sensex was at 9,985.77 up by 8.79 points while the NSE Nifty was at 3,042.80 up by 1.05 points.
BSE Auto inclined by 47.44 points to 2,509.13. Leading to its gain are Ashok Leyland (7.38%), Mahindra & Mahindra (4.03%), Tata Motors (2.76%) and Bajaj Auto (3.03%).
BSE IT index declined by 34.51 points to trade at 2,306.07 as Satyam Computer (27.46%), NIIT Ltd. (2.21%) and Rolta Ind (1.85%) are trading in negative while Tech Mahindra (4.75%), Infosys Technologies (4.28%) and Wipro (3.51%)are trading higher.
BSE Metal index slipped by 24.70 points at 5,541.37 as SAIL (4.02%), NALCO (1.34%), Sesa Goa (1.15%), Hindalco Industries (0.71%), Jindal Saw (0.51%) are trading in red.
BSE Bankex index is trading higher by 69.59 points at 5,326.97. Gainers are ICICI Bank (4.73%), AXIS Bank (1.65%), HDFC Bank (1.63%), SBI (0.80%) and PNB (0.31%).
BSE Oil & Gas index is trading 100.89 points lower at 6,543.30 as RNRL (5.57%), Gail India (4.37%), RPL (1.44%), Essar Oil (1.19%) and Cairn India (0.15%) are trading in negative.
BSE Capital goods index dropped by 62.48 points to 7,047.40. The main losers are Gammon India (3.41%), Jyothi Structures (3.67%), L&T (1.15%) and Praj Industries (0.22%).
BSE Power index is trading 12.72 points lower at 1,811.89. The main losers are Reliance Infra (7.16%), GVK Power (5.42%), Tata Power (0.29%), Power Grid (0.65%) and NTPC (0.06%).
BSE Realty index fell 44.04 points to 2,254.35. The major losers are Penland (2.88%), India Bull Real (1.76%), DLF (2.22%) and Mahindra Life (0.59%).
The overall market breadth is positive as 1351 stocks are advancing while 854 stocks are declining on BSE.
On the global market front, the Asian markets are trading higher as the Hang Seng, Seoul Composite, Shanghai Composite and Nikkei 225 index are trading higher by (1.38%), (0.71%), (0.56%) and (0.52%) respectively.
ICICI Bank reported the top gainer from the BSE Sensex pack as it was trading higher by (4.85%) at Rs. 442 while Satyam Computer the top loser down by (27.48%) at Rs. 164.25.
The BSE Mid cap is higher by 24.77 points at 3,268.98 and the BSE small Cap advanced by 37.08 points to trade at 3,813.73.
At 12.35 pm, BSE Sensex was at 9,985.77 up by 8.79 points while the NSE Nifty was at 3,042.80 up by 1.05 points.
BSE Auto inclined by 47.44 points to 2,509.13. Leading to its gain are Ashok Leyland (7.38%), Mahindra & Mahindra (4.03%), Tata Motors (2.76%) and Bajaj Auto (3.03%).
BSE IT index declined by 34.51 points to trade at 2,306.07 as Satyam Computer (27.46%), NIIT Ltd. (2.21%) and Rolta Ind (1.85%) are trading in negative while Tech Mahindra (4.75%), Infosys Technologies (4.28%) and Wipro (3.51%)are trading higher.
BSE Metal index slipped by 24.70 points at 5,541.37 as SAIL (4.02%), NALCO (1.34%), Sesa Goa (1.15%), Hindalco Industries (0.71%), Jindal Saw (0.51%) are trading in red.
BSE Bankex index is trading higher by 69.59 points at 5,326.97. Gainers are ICICI Bank (4.73%), AXIS Bank (1.65%), HDFC Bank (1.63%), SBI (0.80%) and PNB (0.31%).
BSE Oil & Gas index is trading 100.89 points lower at 6,543.30 as RNRL (5.57%), Gail India (4.37%), RPL (1.44%), Essar Oil (1.19%) and Cairn India (0.15%) are trading in negative.
BSE Capital goods index dropped by 62.48 points to 7,047.40. The main losers are Gammon India (3.41%), Jyothi Structures (3.67%), L&T (1.15%) and Praj Industries (0.22%).
BSE Power index is trading 12.72 points lower at 1,811.89. The main losers are Reliance Infra (7.16%), GVK Power (5.42%), Tata Power (0.29%), Power Grid (0.65%) and NTPC (0.06%).
BSE Realty index fell 44.04 points to 2,254.35. The major losers are Penland (2.88%), India Bull Real (1.76%), DLF (2.22%) and Mahindra Life (0.59%).
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