The market follows the yesterday’s trend and also today opens lower backed by the sharp negative cues from the global markets. But suddenly the market gained its momentum and reversed its trend into the positive territory. The significant buying witnessed in the selective scrips mainly led by the Capital Goods, Power and Metal stocks. However, the Auto and FMCG stocks are still lagging behind. The broader market is also trading in line with the benchmark index in the opening trade.
The overall market breadth is positive as 1163 stocks are advancing whereas 521 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 82.62 points at 15,670.24 and the Nifty was up by 14.15 points to 4,723.80.
The BSE Mid Cap increased by 74.13 points to 6,457.15 and the BSE Small Cap advanced by 87.82 points to 7,901.99
L&T reported the top gainer from the BSE Sensex pack. It is trading with a gain of 1.65% at Rs.2,624 while Grasim Industries the top loser declined by 1.38% to Rs.2,525.
BSE Capital Goods index advanced by 95 points to trade at 12,623.84. The major gainers are Siemens, BHEL, L&T and BEML grew by (1.85%), (1.42%), (1.38%) and (1.44%) to Rs.590, Rs.1,737, Rs.2,617 and Rs.969.45 respectively.
BSE Power index improved by 31.68 points to trade at 3,037.16. The top gainers are Reliance Power inclined by (3.20%) to Rs.362.60, GVK Power increased by (1.92%) at Rs.39.90 followed by Tata Power and Reliance Energy up by (1.77%) and (1.35%) to Rs.1,154 and Rs.1,166.
Tata Power is trading higher by (0.79%) at Rs.1,143. The company in order to meet the requirements of Hooghly Met Coke & Power plants is going to set up a 30mw gas based power plant in Haldia.
The overall market breadth is positive as 1163 stocks are advancing whereas 521 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 82.62 points at 15,670.24 and the Nifty was up by 14.15 points to 4,723.80.
The BSE Mid Cap increased by 74.13 points to 6,457.15 and the BSE Small Cap advanced by 87.82 points to 7,901.99
L&T reported the top gainer from the BSE Sensex pack. It is trading with a gain of 1.65% at Rs.2,624 while Grasim Industries the top loser declined by 1.38% to Rs.2,525.
BSE Capital Goods index advanced by 95 points to trade at 12,623.84. The major gainers are Siemens, BHEL, L&T and BEML grew by (1.85%), (1.42%), (1.38%) and (1.44%) to Rs.590, Rs.1,737, Rs.2,617 and Rs.969.45 respectively.
BSE Power index improved by 31.68 points to trade at 3,037.16. The top gainers are Reliance Power inclined by (3.20%) to Rs.362.60, GVK Power increased by (1.92%) at Rs.39.90 followed by Tata Power and Reliance Energy up by (1.77%) and (1.35%) to Rs.1,154 and Rs.1,166.
Tata Power is trading higher by (0.79%) at Rs.1,143. The company in order to meet the requirements of Hooghly Met Coke & Power plants is going to set up a 30mw gas based power plant in Haldia.
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