The markets are facing a little bit of volatility and are swinging in between the positive and negative territory. The Realty, Consumer Durables, Auto, FMCG, Pharma and Capital Goods stocks are on the buyer’s ride today. However, the IT, Oil & gas and Banking stocks are under pressure today. The BSE Mid Cap and the Small Cap index are however trading with a gain of around 1% each.
The BSE Sensex is now trading around the 10,050 mark and the NSE Nifty trading above the 3,050 mark.
The overall market breadth is positive as 1347 stocks are advancing while 836 stocks are declining and the 89 stocks remain unchanged on BSE.
On the global market front, the Asian markets are trading mixed as Shanghai Composite, Straits Times and Seoul Composite index are trading higher by (0.80%), (0.37%%) and (0.43%) respectively. However, the Nikkei and Hang Seng index are trading lower by (0.91%) and (1.07%) respectively. The Asian stocks were mixed after Japan slashed interest rates to almost zero as central banks around the world are taking steps to downpour the markets with cheap money to support a troubled global economy. The Bank of Japan lowered its key rate from 0.3 percent to 0.1 percent.
Mahindra & Mahindra reported the top gainer from the BSE Sensex pack as it was trading higher by (7.25%) at Rs. 330.50 while ONGC the top loser down by (3.51%) at Rs. 707.15.
The BSE Mid cap is higher by 38.06 points at 3,242.62 and the BSE small Cap advanced by 26.18 points to trade at 3,738.13.
At 12.35 pm, BSE Sensex was at 10,056.65 down by 19.78 points while the NSE Nifty was at 3,067.40 up by 6.65 points.
BSE Auto inclined by 52.12 points to 2,568.61. Leading to its gain are Mahindra & Mahindra (5.83%), Tata Motors (3.69%), Maruti Suzuki (4.76%) and Hero Honda (0.46%).
BSE IT index declined by 20.28 points to trade at 2,324.78 as Mphasis (3.21%), Satyam Computer (3.04%), TCS (0.91%), Infosys Technologies (0.88%) and Patni Computer (0.64%) are trading in negative.
BSE Metal index advanced by 41.63 points at 5,469.82 as Tata Steel (2.88%), JSW Steel (2.70%), Ispat Industries (2.43%), SAIL (1.94%) and Sterlite Industries (1.81%) are trading in green.
BSE Bankex index is trading higher by 15.33 points at 5,635.37. Gainers are IDBI Bank (2.52%), PNB (1.94%), AXIS Bank (1.62%), and Bank of Baroda (0.76%).
BSE Oil & Gas index is trading 66.44 points lower at 6,418.16 as ONGC (3.39%), Cairn India (3.51%), Aban Offshore (0.87%), and Reliance Industries (0.46%) are trading in negative.
BSE Capital goods index advanced by 39.66 points to 7,179.86. The main gainers are Gammon India (10.33%), SKF (3.70%), Punj Lloyd (2.70%) and ABB (1.46%).
BSE Power index is trading 6.51 points higher at 1,851.51. The main gainers are GVK Power (6.54%), Tata Power (2.77%), Power Grid (1.88%), Suzlon Energy (1.79%),and Torent Power (0.87%).
BSE Realty index surged by 118.58 points to 2,402.57. The major gainers are Unitech (11.42%), India Bull Real (8.39%), Ansal Infra (5.37%), HDIL (5.31%) and DLF (5.14%).
The BSE Sensex is now trading around the 10,050 mark and the NSE Nifty trading above the 3,050 mark.
The overall market breadth is positive as 1347 stocks are advancing while 836 stocks are declining and the 89 stocks remain unchanged on BSE.
On the global market front, the Asian markets are trading mixed as Shanghai Composite, Straits Times and Seoul Composite index are trading higher by (0.80%), (0.37%%) and (0.43%) respectively. However, the Nikkei and Hang Seng index are trading lower by (0.91%) and (1.07%) respectively. The Asian stocks were mixed after Japan slashed interest rates to almost zero as central banks around the world are taking steps to downpour the markets with cheap money to support a troubled global economy. The Bank of Japan lowered its key rate from 0.3 percent to 0.1 percent.
Mahindra & Mahindra reported the top gainer from the BSE Sensex pack as it was trading higher by (7.25%) at Rs. 330.50 while ONGC the top loser down by (3.51%) at Rs. 707.15.
The BSE Mid cap is higher by 38.06 points at 3,242.62 and the BSE small Cap advanced by 26.18 points to trade at 3,738.13.
At 12.35 pm, BSE Sensex was at 10,056.65 down by 19.78 points while the NSE Nifty was at 3,067.40 up by 6.65 points.
BSE Auto inclined by 52.12 points to 2,568.61. Leading to its gain are Mahindra & Mahindra (5.83%), Tata Motors (3.69%), Maruti Suzuki (4.76%) and Hero Honda (0.46%).
BSE IT index declined by 20.28 points to trade at 2,324.78 as Mphasis (3.21%), Satyam Computer (3.04%), TCS (0.91%), Infosys Technologies (0.88%) and Patni Computer (0.64%) are trading in negative.
BSE Metal index advanced by 41.63 points at 5,469.82 as Tata Steel (2.88%), JSW Steel (2.70%), Ispat Industries (2.43%), SAIL (1.94%) and Sterlite Industries (1.81%) are trading in green.
BSE Bankex index is trading higher by 15.33 points at 5,635.37. Gainers are IDBI Bank (2.52%), PNB (1.94%), AXIS Bank (1.62%), and Bank of Baroda (0.76%).
BSE Oil & Gas index is trading 66.44 points lower at 6,418.16 as ONGC (3.39%), Cairn India (3.51%), Aban Offshore (0.87%), and Reliance Industries (0.46%) are trading in negative.
BSE Capital goods index advanced by 39.66 points to 7,179.86. The main gainers are Gammon India (10.33%), SKF (3.70%), Punj Lloyd (2.70%) and ABB (1.46%).
BSE Power index is trading 6.51 points higher at 1,851.51. The main gainers are GVK Power (6.54%), Tata Power (2.77%), Power Grid (1.88%), Suzlon Energy (1.79%),and Torent Power (0.87%).
BSE Realty index surged by 118.58 points to 2,402.57. The major gainers are Unitech (11.42%), India Bull Real (8.39%), Ansal Infra (5.37%), HDIL (5.31%) and DLF (5.14%).
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