The market gathers the momentum after a volatile trade at the initial stage. From the sectoral front, metal, oil & gas, bankex remains the centre of attraction as most buying is seen from these baskets. The market breadth is very still weak as 1388 stocks are trading in red while 977 stocks are trading in green.
At 11.36AM, BSE Sensex is trading higher by 200 points at 15,557 and NSE Nifty is trading up by 50.25 points at 4,673.85.
The market will remain closed from 11:45 IST to 12:25 IST due to sun outage. Trading time has been extended till 16:15 IST.
Leading the rally of the gainers from the BSE are Max India trading up by (7.27%) at Rs155.70 along with Educomp solutions by (5.32%) at Rs3410 and ICICI bank by (4.91%) at Rs879.
The Bankex index is trading higher by 158.62 points at 8,235.42. Pushing it are ICICI bank trading up by (4.31%) at Rs874 in line with BOI by (3.53%) at Rs275.90, BOB by (2.34%) at Rs279.80, Axis bank by (1.86%) at Rs817.85 and SBI by (1.85%) at Rs1727.
The Capital goods index is trading up by 157.90 points at 13,467.24 as L&T is trading higher by (2.50%) at Rs2875, Suzlon energy by (1.93%) at Rs245.50, Punj Lloyd by (1.75%) at Rs329.10, Crompton Greaves by (0.71%) at Rs262.50.
NTPC is trading up by (2.69%) at Rs191 as the company has planned to invest nearly Rs13,000 crore during 2008-09 and adds 2,700 mw of power during the period with the aim of touching the 50,000 mw mark by 2012. Also the company and Bharat Forge are looking at the possibility of scaling up their partnership for a full fledged foray into power equipment manufacturing.
Tata Motors is trading higher by (2.42%) at Rs636 as the company plans to raise nearly Rs4,000 crore by selling securities in the domestic and international markets to part finance its imminent acquisition of Jaguar and Land Rover from Ford Motor. The company''s board approved the fund raising proposal.
At 11.36AM, BSE Sensex is trading higher by 200 points at 15,557 and NSE Nifty is trading up by 50.25 points at 4,673.85.
The market will remain closed from 11:45 IST to 12:25 IST due to sun outage. Trading time has been extended till 16:15 IST.
Leading the rally of the gainers from the BSE are Max India trading up by (7.27%) at Rs155.70 along with Educomp solutions by (5.32%) at Rs3410 and ICICI bank by (4.91%) at Rs879.
The Bankex index is trading higher by 158.62 points at 8,235.42. Pushing it are ICICI bank trading up by (4.31%) at Rs874 in line with BOI by (3.53%) at Rs275.90, BOB by (2.34%) at Rs279.80, Axis bank by (1.86%) at Rs817.85 and SBI by (1.85%) at Rs1727.
The Capital goods index is trading up by 157.90 points at 13,467.24 as L&T is trading higher by (2.50%) at Rs2875, Suzlon energy by (1.93%) at Rs245.50, Punj Lloyd by (1.75%) at Rs329.10, Crompton Greaves by (0.71%) at Rs262.50.
NTPC is trading up by (2.69%) at Rs191 as the company has planned to invest nearly Rs13,000 crore during 2008-09 and adds 2,700 mw of power during the period with the aim of touching the 50,000 mw mark by 2012. Also the company and Bharat Forge are looking at the possibility of scaling up their partnership for a full fledged foray into power equipment manufacturing.
Tata Motors is trading higher by (2.42%) at Rs636 as the company plans to raise nearly Rs4,000 crore by selling securities in the domestic and international markets to part finance its imminent acquisition of Jaguar and Land Rover from Ford Motor. The company''s board approved the fund raising proposal.
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