The markets have now trading higher with a little bit of volatility as the investors keep an eye on the key inflation data. But suddenly the market loses some of its grounds after the inflation numbers were out. The inflation for week ended December 13 has come in at 6.61% as against 6.84% (WoW). Inflation for the week ended October 18 was revised to 10.82%. The significant is seen among the Realty, Metal, Banking, Oil & Gas and Capital Goods stocks.
Commerce Minister Kamal Nath after trading hours on Wednesday, 24 December 2008, said the government is considering another stimulus package to lift slowing growth, which may include steps to ease liquidity and relief measures for export and housing sectors.
The BSE Sensex is now trading above the 9,600 mark and the NSE Nifty trading above the 2,900 mark.
The overall market breadth is positive as 1271 stocks are advancing while 821 stocks are declining and the 80 stocks remain unchanged on BSE.
On the global market front, the Asian markets are trading mixed as the Shanghai Composite, Nikkei 225 and Straits Times index are trading higher by (0.26%), (1.63%) and (0.71%) respectively. However, the Seoul Composite index is trading lower by (0.94%).
Reliance Infra reported the top gainer from the BSE Sensex pack as it was trading higher by (3.44%) at Rs. 597.40 while Infosys Technologies the top loser down by (2.77%) at Rs.1,139.50.
The BSE Mid cap is higher by 36.86 points at 3,182.46 and the BSE small Cap advanced by 21.56 points to trade at 3,621.76.
At 12.35 pm, BSE Sensex was at 9,645.52 up by 76.80 points while the NSE Nifty was at 2,940.25 down by 23.40 points.
BSE Auto inclined by 24.28 points to 2,429.74. Leading to its gain are Tata Motors (2.72%), Maruti Suzuki (2.51%), Ashok Leyland (1.57%) and Bajaj Auto (0.28%).
BSE IT index declined by 25.69 points to trade at 2,211.45 as Infosys Technologies (2.45%), Tech Mahindra (2.23%), Wipro (1.46%) and Rolta Ind. (2.34%) are trading in negative.
BSE Metal index surged by 115.29 points to 5,206.61 as Jindal Steel (3.85%), JSW Steel (2.99%), Tata Steel (2.74%), SAIL (2.79%) and Hindalco Industries (1.68%) are trading in green.
BSE Bankex index is trading higher by 110.39 points at 5,482.26. Gainers are AXIS Bank (3.14%), HDFC Bank (2.62%), ICICI Bank (1.96%), PNB (1.24%) and SBI (1.15%).
BSE Oil & Gas index is trading 105.58 points higher at 6,122.49 as RPL (10.11%), RNRL (7.89%), Indian Oil (2.38%), Essar Oil (1.76%) and Reliance Industries (1.34%) are trading in positive.
BSE Capital goods index improved by 105.07 points to 6,906.11. The main gainers are Crompton Greaves (4.13%), Praj Industries (3.96%), BEML (3.10%), L&T (1.04%) and BHEL (0.18%).
BSE Power index is trading 25.01 points higher at 1,812.55. The main gainers are Suzlon Energy (3.26%), Reliance Power (2.21%), Torent Power (1.54%), Tata Power (0.57%) and GVK Power (0.47%).
BSE Realty index inclined by 59.18 points to 2,347.46. The major gainers are Ansal Infra (3.48%), Unitech (3.10%), Parsavnath (2.07%), HDIL (2.73%) and Parsavnath (2.07%).
Commerce Minister Kamal Nath after trading hours on Wednesday, 24 December 2008, said the government is considering another stimulus package to lift slowing growth, which may include steps to ease liquidity and relief measures for export and housing sectors.
The BSE Sensex is now trading above the 9,600 mark and the NSE Nifty trading above the 2,900 mark.
The overall market breadth is positive as 1271 stocks are advancing while 821 stocks are declining and the 80 stocks remain unchanged on BSE.
On the global market front, the Asian markets are trading mixed as the Shanghai Composite, Nikkei 225 and Straits Times index are trading higher by (0.26%), (1.63%) and (0.71%) respectively. However, the Seoul Composite index is trading lower by (0.94%).
Reliance Infra reported the top gainer from the BSE Sensex pack as it was trading higher by (3.44%) at Rs. 597.40 while Infosys Technologies the top loser down by (2.77%) at Rs.1,139.50.
The BSE Mid cap is higher by 36.86 points at 3,182.46 and the BSE small Cap advanced by 21.56 points to trade at 3,621.76.
At 12.35 pm, BSE Sensex was at 9,645.52 up by 76.80 points while the NSE Nifty was at 2,940.25 down by 23.40 points.
BSE Auto inclined by 24.28 points to 2,429.74. Leading to its gain are Tata Motors (2.72%), Maruti Suzuki (2.51%), Ashok Leyland (1.57%) and Bajaj Auto (0.28%).
BSE IT index declined by 25.69 points to trade at 2,211.45 as Infosys Technologies (2.45%), Tech Mahindra (2.23%), Wipro (1.46%) and Rolta Ind. (2.34%) are trading in negative.
BSE Metal index surged by 115.29 points to 5,206.61 as Jindal Steel (3.85%), JSW Steel (2.99%), Tata Steel (2.74%), SAIL (2.79%) and Hindalco Industries (1.68%) are trading in green.
BSE Bankex index is trading higher by 110.39 points at 5,482.26. Gainers are AXIS Bank (3.14%), HDFC Bank (2.62%), ICICI Bank (1.96%), PNB (1.24%) and SBI (1.15%).
BSE Oil & Gas index is trading 105.58 points higher at 6,122.49 as RPL (10.11%), RNRL (7.89%), Indian Oil (2.38%), Essar Oil (1.76%) and Reliance Industries (1.34%) are trading in positive.
BSE Capital goods index improved by 105.07 points to 6,906.11. The main gainers are Crompton Greaves (4.13%), Praj Industries (3.96%), BEML (3.10%), L&T (1.04%) and BHEL (0.18%).
BSE Power index is trading 25.01 points higher at 1,812.55. The main gainers are Suzlon Energy (3.26%), Reliance Power (2.21%), Torent Power (1.54%), Tata Power (0.57%) and GVK Power (0.47%).
BSE Realty index inclined by 59.18 points to 2,347.46. The major gainers are Ansal Infra (3.48%), Unitech (3.10%), Parsavnath (2.07%), HDIL (2.73%) and Parsavnath (2.07%).
1 comment:
VOLTAS FUTURE is looking strong on charts, long build up has been seen, we may see more upside, if it sustains above
285 levels. We advise buying around 285 levels with strict stop loss of 280 for the targets of 290-295 levels. epicresearch.co
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