The market today opens lower on the back of sharp negative cues from the global markets. The selling pressure is seen in the Metal and Bank stocks. But suddenly the market gained some ground and moved into the positive territory as significant buying witnessed in the selective scrips. The overall market breadth is positive as 1262 stocks are advancing whereas 549 stocks are declining on BSE.
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. The changes in timings will be applicable to 18 March 2008.
At 10.30AM, the BSE Sensex was up by 40 points at 15,964 and the Nifty was up by 16 points to 4,816.The BSE Mid Cap increased by 107 points to 6,875 and the BSE Small Cap advanced by 164 points to 8,413.
L&T reported the top gainer from the BSE Sensex pack. It was up by (3.97%) at Rs.2,837 while Bharti Airtel reported the top loser declined by (3.35%) at Rs.775.90.
BSE Metal index dropped by 154.25 points to trade at 15,645.36. The top losers are Sterlite Industries declined by (2.43%) to Rs.763, SAIL decreased by (1.69%) at Rs.233 followed by NALCO and Tata Steel down by (0.64%) and (0.12%) to Rs.469 and Rs.812 respectively.
BSE Bank index slipped by 106.98 points to trade at 8,332.01. The major losers are HDFC Bank, ICICI Bank and SBI fell by (1.83%), (0.80%) and (0.58%) to Rs.1,288, Rs.865 and Rs.1,874 respectively.
Dr.Reddy is trading lower by (2.60%) to 561. The company has entered into an agreement with Denmark-based 7TM Pharma for drug discovery collaboration in the area of metabolic disorders.
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. The changes in timings will be applicable to 18 March 2008.
At 10.30AM, the BSE Sensex was up by 40 points at 15,964 and the Nifty was up by 16 points to 4,816.The BSE Mid Cap increased by 107 points to 6,875 and the BSE Small Cap advanced by 164 points to 8,413.
L&T reported the top gainer from the BSE Sensex pack. It was up by (3.97%) at Rs.2,837 while Bharti Airtel reported the top loser declined by (3.35%) at Rs.775.90.
BSE Metal index dropped by 154.25 points to trade at 15,645.36. The top losers are Sterlite Industries declined by (2.43%) to Rs.763, SAIL decreased by (1.69%) at Rs.233 followed by NALCO and Tata Steel down by (0.64%) and (0.12%) to Rs.469 and Rs.812 respectively.
BSE Bank index slipped by 106.98 points to trade at 8,332.01. The major losers are HDFC Bank, ICICI Bank and SBI fell by (1.83%), (0.80%) and (0.58%) to Rs.1,288, Rs.865 and Rs.1,874 respectively.
Dr.Reddy is trading lower by (2.60%) to 561. The company has entered into an agreement with Denmark-based 7TM Pharma for drug discovery collaboration in the area of metabolic disorders.
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