The market today opens higher on the back of satisfactory cues from the global markets. The buying support is seen across the board in the morning trade mainly led by the stocks like Oil & Gas, IT and Auto stocks.
The inflation figure is a major cause of concern for the economy. So the government has taken certain steps in order to control inflation:
· Banned rice exports.
· Scrap import duty on crude edible oil;
· Cut duty on refined edible oils to 7.5%, etc.
The broader market is trading flat as the BSE Mid Cap is trading slightly lower while the BSE Small is trading higher in the opening trade.
The overall market breadth is positive as 1,367 stocks are advancing whereas 426 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 162.56 points at 15,807 and the Nifty was up by 43.45 points to 4,777.95.
The BSE Mid Cap increased by 66.91 points to 6,494.73 and the BSE Small Cap advanced by 97.11 points to 7,938.73.
HUL reported the top gainer from the BSE Sensex pack. It is trading with a gain of 3.15% at Rs.235.90 while BHEL reported the top loser slipped by 1.78% to Rs.2,020.
BSE Oil & Gas index advanced by 96.16 points to trade at 10,112.98. The top gainers are Cairn India inclined by (2.68%) to Rs.230, ONGC increased by (2.34%) at Rs.1,004 followed by Gail India and BPCL up by (1.88%) and (1.47%) to Rs.433 and Rs.415.
BSE Auto index improved by 43.31 points to trade at 4,568.08. The major gainers are Mahindra & Mahindra, Hero Honda Motors, Tata Motors and Maruti Suzuki grew by (1.29%), (1.15%), (0.96%) and (0.85%) to Rs.706, Rs.703, Rs.629 and Rs.834 respectively.
Hero Honda is trading higher by (1.58%) at Rs.706. The company will open its third manufacturing plant in Haridwar on April 8. This plant will have an initial installed capacity of half a million bike per year and will be manufacturing seven lakh bikes in the first one year of operation.
Tata Consultancy Services (TCS) advanced by (1.73%) to Rs..824. The company has signed a five-year, multi-million dollar contract to be the global engineering partner of ArvinMeritor. TCS will support the localization and globalization efforts of ArvinMeritor''s engineering capabilities including product development and support for specific product lines in the Asia Pacific region.
The inflation figure is a major cause of concern for the economy. So the government has taken certain steps in order to control inflation:
· Banned rice exports.
· Scrap import duty on crude edible oil;
· Cut duty on refined edible oils to 7.5%, etc.
The broader market is trading flat as the BSE Mid Cap is trading slightly lower while the BSE Small is trading higher in the opening trade.
The overall market breadth is positive as 1,367 stocks are advancing whereas 426 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 162.56 points at 15,807 and the Nifty was up by 43.45 points to 4,777.95.
The BSE Mid Cap increased by 66.91 points to 6,494.73 and the BSE Small Cap advanced by 97.11 points to 7,938.73.
HUL reported the top gainer from the BSE Sensex pack. It is trading with a gain of 3.15% at Rs.235.90 while BHEL reported the top loser slipped by 1.78% to Rs.2,020.
BSE Oil & Gas index advanced by 96.16 points to trade at 10,112.98. The top gainers are Cairn India inclined by (2.68%) to Rs.230, ONGC increased by (2.34%) at Rs.1,004 followed by Gail India and BPCL up by (1.88%) and (1.47%) to Rs.433 and Rs.415.
BSE Auto index improved by 43.31 points to trade at 4,568.08. The major gainers are Mahindra & Mahindra, Hero Honda Motors, Tata Motors and Maruti Suzuki grew by (1.29%), (1.15%), (0.96%) and (0.85%) to Rs.706, Rs.703, Rs.629 and Rs.834 respectively.
Hero Honda is trading higher by (1.58%) at Rs.706. The company will open its third manufacturing plant in Haridwar on April 8. This plant will have an initial installed capacity of half a million bike per year and will be manufacturing seven lakh bikes in the first one year of operation.
Tata Consultancy Services (TCS) advanced by (1.73%) to Rs..824. The company has signed a five-year, multi-million dollar contract to be the global engineering partner of ArvinMeritor. TCS will support the localization and globalization efforts of ArvinMeritor''s engineering capabilities including product development and support for specific product lines in the Asia Pacific region.
No comments:
Post a Comment