The market gains some momentum as the buying intensified across the counters. The India’s inflation rose 7.41% in the week ended March 29 as against 7% previous year. The inflation grew at a fastest pace in more than three years. The market breadth is strong as 1388 stocks are trading in green while 856 stocks are trading in red.
At 11.34AM, BSE Sensex is trading higher by 172 points at 15,867 and NSE Nifty is trading up by 55.2 points at 4,788.20. The BSE Mid Cap and Small Cap are trading higher by 37.49 points and 48.22 points at 6,516.45 and 8,079.28 respectively.
The Oil and Gas index is trading higher up 147.80 points at 10,874.54. Pushing it are Aban Offshore trading up by (4.83%) at Rs3,280 along with Cairn India by (2.5%) at Rs248.80, BPCL by (1.88%) at Rs394.75, Reliance industries by (1.59%) at Rs2507, Gail India by (1.59%) at Rs433.70, Essar Oil by (1.53%) at Rs235.80, RPL by (1.40%) at Rs177.95, IOCL by (0.93%) at Rs452 and HPCL by (0.45%) at Rs246.
The Metal index is trading up by 130.99 points at 13,985.94 as Bhushan Steel trading higher by (2.95%) at Rs781.95 along with Hindalco inds by (2.71%) at Rs178.15, Hind Zinc by (2.43%) at Rs553.20, Jindal Steel by (1.46%) at Rs1854.60, Welspun Guj by (1.32%) at Rs393.95, Nalco by (1.18%) at Rs433.40, JSW Steel by (1.02%) at Rs731.25 and Maharash Sea by (0.93%) at Rs292.80.
Leading the rally of the gainers from BSE are MMTC trading up by (10%) at Rs24,407.10 followed by I-Flex by (6.65%) at Rs1088, Aban Offshore by (4.83%) at Rs3280, Areva by (4.70%) at Rs1570, GVK Power by (4.41%) at Rs45, Neyvelli Lignite by (3.71%) at Rs129.90, CESC by (3.24%) at Rs434, Cairn India by (2.99%) at Rs249.40, Tata Power by (2.96%) at Rs1235.20 and Indbull Real by (2.92%) at Rs484.30.
Tata Power is trading higher by (3.25%) at Rs1238 as the company will set up 30mw gas based power plant in Haldia to meet the requirements of Hooghly Met Coke & Power plants. This is a part of company’s plans to set up 120 mw gas based generation units with an investment of Rs500 crore in Haldia.
Reliance Energy is trading up by (2.47%) at Rs1285 as the company has bought shares worth over Rs230 crore which is nearly 30% of th buyback offer.
BPCL is trading higher by (1.88%) at Rs394.75. The company is planning to take non-petroleum revenue to a new level by setting up highway fuel station integrated with cinema halls and restaurants. It is keen to expand its non-petroleum business from the current turnover of Rs550 crore to touch Rs1,500 crore by 2011.
TCS is trading up by (1.67%) at Rs915 as the company has signed a new multi-year contract with car manufacturer Chrysler to provide a portfolio of IT services. The company will deliver IT application and maintenance support services to Chrysler. It also involves several functional areas such as sales & marketing, shared services, product development and after sales.
At 11.34AM, BSE Sensex is trading higher by 172 points at 15,867 and NSE Nifty is trading up by 55.2 points at 4,788.20. The BSE Mid Cap and Small Cap are trading higher by 37.49 points and 48.22 points at 6,516.45 and 8,079.28 respectively.
The Oil and Gas index is trading higher up 147.80 points at 10,874.54. Pushing it are Aban Offshore trading up by (4.83%) at Rs3,280 along with Cairn India by (2.5%) at Rs248.80, BPCL by (1.88%) at Rs394.75, Reliance industries by (1.59%) at Rs2507, Gail India by (1.59%) at Rs433.70, Essar Oil by (1.53%) at Rs235.80, RPL by (1.40%) at Rs177.95, IOCL by (0.93%) at Rs452 and HPCL by (0.45%) at Rs246.
The Metal index is trading up by 130.99 points at 13,985.94 as Bhushan Steel trading higher by (2.95%) at Rs781.95 along with Hindalco inds by (2.71%) at Rs178.15, Hind Zinc by (2.43%) at Rs553.20, Jindal Steel by (1.46%) at Rs1854.60, Welspun Guj by (1.32%) at Rs393.95, Nalco by (1.18%) at Rs433.40, JSW Steel by (1.02%) at Rs731.25 and Maharash Sea by (0.93%) at Rs292.80.
Leading the rally of the gainers from BSE are MMTC trading up by (10%) at Rs24,407.10 followed by I-Flex by (6.65%) at Rs1088, Aban Offshore by (4.83%) at Rs3280, Areva by (4.70%) at Rs1570, GVK Power by (4.41%) at Rs45, Neyvelli Lignite by (3.71%) at Rs129.90, CESC by (3.24%) at Rs434, Cairn India by (2.99%) at Rs249.40, Tata Power by (2.96%) at Rs1235.20 and Indbull Real by (2.92%) at Rs484.30.
Tata Power is trading higher by (3.25%) at Rs1238 as the company will set up 30mw gas based power plant in Haldia to meet the requirements of Hooghly Met Coke & Power plants. This is a part of company’s plans to set up 120 mw gas based generation units with an investment of Rs500 crore in Haldia.
Reliance Energy is trading up by (2.47%) at Rs1285 as the company has bought shares worth over Rs230 crore which is nearly 30% of th buyback offer.
BPCL is trading higher by (1.88%) at Rs394.75. The company is planning to take non-petroleum revenue to a new level by setting up highway fuel station integrated with cinema halls and restaurants. It is keen to expand its non-petroleum business from the current turnover of Rs550 crore to touch Rs1,500 crore by 2011.
TCS is trading up by (1.67%) at Rs915 as the company has signed a new multi-year contract with car manufacturer Chrysler to provide a portfolio of IT services. The company will deliver IT application and maintenance support services to Chrysler. It also involves several functional areas such as sales & marketing, shared services, product development and after sales.
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