The market today opens marginally higher and suddenly turned volatile within a few minutes of trading. The buying momentum is seen in the Realty, Capital Goods Auto and Pharma stocks. However, the Metal, Bank and Consumer Durables stocks are reeling under pressure in the opening trade. The broader market however outperformed the benchmark index in the opening trade.
The overall market breadth is positive as 1134 stocks are advancing whereas 653 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was down by 33.78 points at 16,750.08 while the Nifty was marginally up by 2.20 points to 5,051.50.
The BSE Mid Cap increased by 57.78 points to 7,095.41 and the BSE Small Cap advanced by 21.16 points to 8,819.24.
DLF reported the top gainer from the BSE Sensex pack. It is trading with a gain of 2.23% at Rs.689.45 while Tata Steel reported the top loser down by 2.51% at Rs.761.30.
BSE Realty index surged by 240.29 points to trade at 8,146.43. The major gainers are India Bull Real, Ansal Infra, Omaxe Ltd. and Unitech grew by (5.56%), (4.18%), (3.35%) and (3.74%) to Rs.529.10, Rs.170.75, Rs.231.40 and Rs.291 respectively.
BSE Capital Goods index advanced by 150.58 points to trade at 14,079.29. The top gainers are Praj Industries inclined by (4.33%) to Rs.183, L&T increased by (1.61%) at Rs.2,967.55 followed by Bharat Electrical and BEML up by (1.41%) and (0.83%) to Rs.1,250 and Rs.1,105.
Ranbaxy Laboratories is trading higher by (0.30%) at Rs.489. The company has decided to enter into a business alliance with Chennai-based Orchid Chemicals & Pharmaceuticals Ltd, rather than mount a hostile takeover bid through an open offer by wholly-owned subsidiary Solrex Pharmaceuticals Ltd.
The overall market breadth is positive as 1134 stocks are advancing whereas 653 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was down by 33.78 points at 16,750.08 while the Nifty was marginally up by 2.20 points to 5,051.50.
The BSE Mid Cap increased by 57.78 points to 7,095.41 and the BSE Small Cap advanced by 21.16 points to 8,819.24.
DLF reported the top gainer from the BSE Sensex pack. It is trading with a gain of 2.23% at Rs.689.45 while Tata Steel reported the top loser down by 2.51% at Rs.761.30.
BSE Realty index surged by 240.29 points to trade at 8,146.43. The major gainers are India Bull Real, Ansal Infra, Omaxe Ltd. and Unitech grew by (5.56%), (4.18%), (3.35%) and (3.74%) to Rs.529.10, Rs.170.75, Rs.231.40 and Rs.291 respectively.
BSE Capital Goods index advanced by 150.58 points to trade at 14,079.29. The top gainers are Praj Industries inclined by (4.33%) to Rs.183, L&T increased by (1.61%) at Rs.2,967.55 followed by Bharat Electrical and BEML up by (1.41%) and (0.83%) to Rs.1,250 and Rs.1,105.
Ranbaxy Laboratories is trading higher by (0.30%) at Rs.489. The company has decided to enter into a business alliance with Chennai-based Orchid Chemicals & Pharmaceuticals Ltd, rather than mount a hostile takeover bid through an open offer by wholly-owned subsidiary Solrex Pharmaceuticals Ltd.
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