The market is trading higher tracking the strong cues from the global markets but gives some of its early gains. The market breadth is strong as 1964 stocks are trading in green while 396 stocks are trading in red.
At 11.35AM, BSE Sensex is trading higher by 359 points at 15,986 and NSE Nifty is trading up by 93.2 points at 4,832.75. The BSE Mid Cap and Small Cap are trading higher by 131.58 points and 174.97 points at 6,526.68 and 8,036.73 respectively.
Leading the rally of the gainers from BSE are Spice telecom trading higher by (13.01%) at Rs34.75 followed by Akruti City by (10.05%) at Rs858, Essar Ship by (10%) at Rs171.10, Indiabulls by (8.38%) at Rs447, BOI by (8.27%) at Rs286.05, India Infoline by (6.32%) at Rs825, Reliance Capital by (5.92%) at Rs1284 and Lanco infra by (5.90%) at Rs425.55
The Oil and Gas index is trading higher by 315.44 points at 10,669.16. Pushing it are Reliance inds trading up by (3.79%) at Rs2434 in line with Aban Offshore by (3.43%) at Rs3100.05, Gail India by (2.95%) at Rs434.70, Essar Oil by (2.84%) at Rs222.80, ONGC by (2.81%) at Rs1038.05, RNRL by (2.66%) at Rs104.05, RPL by (1.89%) at Rs170.25 and BPCL by (1.09%) at Rs429.80.
The Capital Goods index is trading up by 226.83 points at 13,786.76 as Praj industries is trading higher by (4.19%) at Rs139.40 in line with BEML by (3.81%) at Rs1012, Suzlon energy by (2.87%) at Rs288.80, Bharat Electronics by (2.14%) at Rs1125, L&T by (2.10%) at Rs2955.50, ABB by (1.57%) at Rs1213.90, Siemens by (1.56%) at Rs619.85 and Areva by (1.46%) at Rs1541.50.
ICICI bank is trading up by (5.15%) at Rs797 as the bank is looking at selling about 10-12% of its equity in he broking arm.
Sun Pharmaceuticals is trading higher by (4.75%) at Rs1257 as the company has launched Amifostine injection, a generic version of Medlmmune Oncology Inc. 500mg Ethylon injection in US. Amifostine will be used for the reduction of kidney damage in patients who have advanced ovarian cancer and are being given repeated doses of cisplatin.
Hero Honda is trading up by (5.11%) at Rs740 as the company has reported a growth of 15% in sales to 3,20,594 units for the month of March as compared to 2,77,915 units sold during the same period last year. Whereas the yearly sales stood at 33,37,142 units as against 33,36,756 units.
Reliance industries is trading higher by (3.88%) at Rs2436 as the company has struck gas in exploratory block KG-DWN-2003/1 of Krishna basin and this is the second consecutive gas discovery in this block.
At 11.35AM, BSE Sensex is trading higher by 359 points at 15,986 and NSE Nifty is trading up by 93.2 points at 4,832.75. The BSE Mid Cap and Small Cap are trading higher by 131.58 points and 174.97 points at 6,526.68 and 8,036.73 respectively.
Leading the rally of the gainers from BSE are Spice telecom trading higher by (13.01%) at Rs34.75 followed by Akruti City by (10.05%) at Rs858, Essar Ship by (10%) at Rs171.10, Indiabulls by (8.38%) at Rs447, BOI by (8.27%) at Rs286.05, India Infoline by (6.32%) at Rs825, Reliance Capital by (5.92%) at Rs1284 and Lanco infra by (5.90%) at Rs425.55
The Oil and Gas index is trading higher by 315.44 points at 10,669.16. Pushing it are Reliance inds trading up by (3.79%) at Rs2434 in line with Aban Offshore by (3.43%) at Rs3100.05, Gail India by (2.95%) at Rs434.70, Essar Oil by (2.84%) at Rs222.80, ONGC by (2.81%) at Rs1038.05, RNRL by (2.66%) at Rs104.05, RPL by (1.89%) at Rs170.25 and BPCL by (1.09%) at Rs429.80.
The Capital Goods index is trading up by 226.83 points at 13,786.76 as Praj industries is trading higher by (4.19%) at Rs139.40 in line with BEML by (3.81%) at Rs1012, Suzlon energy by (2.87%) at Rs288.80, Bharat Electronics by (2.14%) at Rs1125, L&T by (2.10%) at Rs2955.50, ABB by (1.57%) at Rs1213.90, Siemens by (1.56%) at Rs619.85 and Areva by (1.46%) at Rs1541.50.
ICICI bank is trading up by (5.15%) at Rs797 as the bank is looking at selling about 10-12% of its equity in he broking arm.
Sun Pharmaceuticals is trading higher by (4.75%) at Rs1257 as the company has launched Amifostine injection, a generic version of Medlmmune Oncology Inc. 500mg Ethylon injection in US. Amifostine will be used for the reduction of kidney damage in patients who have advanced ovarian cancer and are being given repeated doses of cisplatin.
Hero Honda is trading up by (5.11%) at Rs740 as the company has reported a growth of 15% in sales to 3,20,594 units for the month of March as compared to 2,77,915 units sold during the same period last year. Whereas the yearly sales stood at 33,37,142 units as against 33,36,756 units.
Reliance industries is trading higher by (3.88%) at Rs2436 as the company has struck gas in exploratory block KG-DWN-2003/1 of Krishna basin and this is the second consecutive gas discovery in this block.
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