The market today opens slightly higher. The market suddenly lost momentum as selling emerged in the larges cap stocks. However, the Mid Cap and Small Cap stocks are trading higher in the opening trade. The strong buying is seen in the Metal and Realty stocks. However, the Auto, Bank and IT stocks are trading lower.
The overall market breadth is positive as 1273 stocks are advancing whereas 740 stocks are declining on BSE.
Tata Steel reported the top gainer from the BSE Sensex pack. It was up by 3.03% at Rs.653 while the Infosys Technologies the top loser down by 1.71% to Rs.1,467.
At 10.30AM, the BSE Sensex was down by 19.79 points at 16,197.70 and the Nifty was up by 4.35 points to 4,881.85.
The BSE Mid Cap increased by 47.37 points to 6,221.86 and the BSE Small Cap advanced by 87.66 points to 7,372.30.
BSE Realty index surged by 104.65 points to trade at 7,555.89. The top gainers are India Bull Real inclined by (13.01%) to Rs.491.95, Purvankara increased by (3.77%) at Rs.190 followed by HDIL and Ansal Infrastucture up by (5.42%) and (3.03%) to Rs.613 and Rs.153.
BSE Metal index advanced by 65.71 points to trade at 13,673.35. The major gainers are Gujarat NRE, Ispat Industries, Sterlite Industries and Tata Steel grew by (10.32%), (4.38%), (3.88%) and (3.19) to Rs.136.25, Rs.31, Rs.731.40 and Rs.654 respectively.
State Bank of India is trading higher by (1.21%) at Rs.1,760. The bank gets full bank status in Singapore. SBI is the first bank to get this status in Singapore. The full bank status will enable SBI to open up to 25 branches including ATMs and offer full range of financial services in Singapore.
Reliance Industries is trading lower by (0.73%) to Rs.2,297. The company has decided to shut about 900 of its 1,400 petrol stations in the next few weeks. The company said that it is unable to compete with the subsidised price of public sector oil retailing companies as the public sector oil retailing companies are compensated by the Government for their revenue losses, and this is not available to the private sector players.
The overall market breadth is positive as 1273 stocks are advancing whereas 740 stocks are declining on BSE.
Tata Steel reported the top gainer from the BSE Sensex pack. It was up by 3.03% at Rs.653 while the Infosys Technologies the top loser down by 1.71% to Rs.1,467.
At 10.30AM, the BSE Sensex was down by 19.79 points at 16,197.70 and the Nifty was up by 4.35 points to 4,881.85.
The BSE Mid Cap increased by 47.37 points to 6,221.86 and the BSE Small Cap advanced by 87.66 points to 7,372.30.
BSE Realty index surged by 104.65 points to trade at 7,555.89. The top gainers are India Bull Real inclined by (13.01%) to Rs.491.95, Purvankara increased by (3.77%) at Rs.190 followed by HDIL and Ansal Infrastucture up by (5.42%) and (3.03%) to Rs.613 and Rs.153.
BSE Metal index advanced by 65.71 points to trade at 13,673.35. The major gainers are Gujarat NRE, Ispat Industries, Sterlite Industries and Tata Steel grew by (10.32%), (4.38%), (3.88%) and (3.19) to Rs.136.25, Rs.31, Rs.731.40 and Rs.654 respectively.
State Bank of India is trading higher by (1.21%) at Rs.1,760. The bank gets full bank status in Singapore. SBI is the first bank to get this status in Singapore. The full bank status will enable SBI to open up to 25 branches including ATMs and offer full range of financial services in Singapore.
Reliance Industries is trading lower by (0.73%) to Rs.2,297. The company has decided to shut about 900 of its 1,400 petrol stations in the next few weeks. The company said that it is unable to compete with the subsidised price of public sector oil retailing companies as the public sector oil retailing companies are compensated by the Government for their revenue losses, and this is not available to the private sector players.
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