The market today opens weak on the back of negative cues from the global markets. However the broader market is trading higher in the opening trade. The significant selling in scrips witnessed in the Metal, Bank and Oil & Gas stocks. The market is trading cautiously ahead of the budget today.The overall market breadth is positive as 1073 stocks are advancing whereas 801 stocks are declining on BSE.
At 10.32AM, the BSE Sensex was down by 77.47 points at 17,747.01 and the Nifty was down by 27.55 points to 5,257.55.The BSE Mid Cap increased by 34.85 points to 7,746.61 and the BSE Small Cap advanced by 36.61 points to 9,704.74.
ITC reported the top gainer from the BSE Sensex pack. It was up by (1.76%) at Rs.205.55 while Wipro reported the top loser declined by (2.12%) at Rs.437.
BSE Bank index dropped by 115.77 points to trade at 9,958.14. The top losers are ICICI Bank declined by (2.26%) to Rs.1,081, SBI decreased by (0.78%) at Rs.2,023 followed by HDFC Bank and PNB down by (0.75%) and (0.52%) to Rs.1,462 and Rs.572 respectively.
BSE Metal index slipped by 98.26 points to trade at 16,873.75. The major losers are JSW Steel, Hindalco Industries, Jindal Stainless and Tata Steel fell by (2.57%), (1.79%), (1.51%) and (1%) to Rs.1,052.10, Rs.200.20, Rs.160 and Rs.815.45 respectively.
SAIL advanced by (1.19%) to Rs.256. The company is planning to expand its capacity in an attempt to keep pace with rising demand and global competition. The company will raise its production of hot metal to 26.2mn tonnes per annum by 2010-11 from the current capacity of 14.6mn tonnes. The total estimated cost will be Rs.540bn.
At 10.32AM, the BSE Sensex was down by 77.47 points at 17,747.01 and the Nifty was down by 27.55 points to 5,257.55.The BSE Mid Cap increased by 34.85 points to 7,746.61 and the BSE Small Cap advanced by 36.61 points to 9,704.74.
ITC reported the top gainer from the BSE Sensex pack. It was up by (1.76%) at Rs.205.55 while Wipro reported the top loser declined by (2.12%) at Rs.437.
BSE Bank index dropped by 115.77 points to trade at 9,958.14. The top losers are ICICI Bank declined by (2.26%) to Rs.1,081, SBI decreased by (0.78%) at Rs.2,023 followed by HDFC Bank and PNB down by (0.75%) and (0.52%) to Rs.1,462 and Rs.572 respectively.
BSE Metal index slipped by 98.26 points to trade at 16,873.75. The major losers are JSW Steel, Hindalco Industries, Jindal Stainless and Tata Steel fell by (2.57%), (1.79%), (1.51%) and (1%) to Rs.1,052.10, Rs.200.20, Rs.160 and Rs.815.45 respectively.
SAIL advanced by (1.19%) to Rs.256. The company is planning to expand its capacity in an attempt to keep pace with rising demand and global competition. The company will raise its production of hot metal to 26.2mn tonnes per annum by 2010-11 from the current capacity of 14.6mn tonnes. The total estimated cost will be Rs.540bn.
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