The market gains some momentum to come up from the fall due to selective buying across the sectoral indices. After a firm start to the session, the market tumbles to pare all its gains as the investors are taking cautious steps for booking their positions ahead of the announcement of the inflation figures by the government. The market breadth is strong as 1373 stocks are trading in green while 881 stocks are trading in red.
At 11.30AM, BSE Sensex is trading higher by 28.31 points at 17,381.85 and NSE Nifty is trading up by 16.8 points at 5,132.05. The BSE Mid Cap and Small Cap are trading higher by 53.94 points and 70.37 points at 7,134.19 and 8,616.78 respectively.
Gainers from the NSE are PNB trading up by (6.35%) at Rs571.25 in line with Cairn India by (2.6%) at Rs295.6, Suzlon Energy by (2.46%) at Rs299.75, Tata Power by (2.44%) at Rs1435.05, ABB by (1.97%) at Rs1093.9, SAIL by (1.88%) at Rs176.5, HDFC bank by (1.73%) at Rs1504.15, HUL by (1.6%) at Rs241.55, Reliance Communications by (1.55%) at Rs598.9 and L&T by (1.54%) at Rs3014.9.
From the Realty index, Purvankara is trading higher by (2.11%) at Rs256.35 along with HDIL by (1.63%) at Rs790.10, Omaxe by (1.12%) at Rs229.35, Unitech by (1%) at Rs288.80, Parsvnath by (0.79%) at Rs222.70, Phoenix mill by (0.70%) at Rs396.80, Ansal Infra by (0.52%) at Rs163.80, Anant Raj by (0.37%) at Rs257 and Penland by (0.21%) at Rs95.50.
From the Power index, Suzlon Energy is trading up by (2.83%) at Rs299.85 followed by Tata Power by (2.74%) at Rs1438, ABB by (1.76%) at Rs1092.05, Reliance Infra by (1.19%) at Rs1468.15, Siemens by (0.88%) at Rs596.50, GMR Infra by (0.71%) at Rs148.95, GVK Power by (0.57%) at Rs53.10 and Reliance Power by (0.44%) at Rs417.80.
Reliance Communications is trading higher by (1.55%) at Rs598.9 on the back of reports that its tower business division ‘Reliance Infratel’ has received the approval from the Securities and Exchange Board of India for an initial public offer. Reliance Communication holds 95% in Reliance Infratel and the private equity investment companies hold the rest.
Unitech is trading higher by (1.19%) at Rs289.25. The company is looking at raising around $1bn through a stake sale in its telecom venture- Unitech Wireless to fund its mega expansion plans. Unitech is looking at divesting 30-35% stake to raise $1bn valuing the enterprise at around $3bn.
At 11.30AM, BSE Sensex is trading higher by 28.31 points at 17,381.85 and NSE Nifty is trading up by 16.8 points at 5,132.05. The BSE Mid Cap and Small Cap are trading higher by 53.94 points and 70.37 points at 7,134.19 and 8,616.78 respectively.
Gainers from the NSE are PNB trading up by (6.35%) at Rs571.25 in line with Cairn India by (2.6%) at Rs295.6, Suzlon Energy by (2.46%) at Rs299.75, Tata Power by (2.44%) at Rs1435.05, ABB by (1.97%) at Rs1093.9, SAIL by (1.88%) at Rs176.5, HDFC bank by (1.73%) at Rs1504.15, HUL by (1.6%) at Rs241.55, Reliance Communications by (1.55%) at Rs598.9 and L&T by (1.54%) at Rs3014.9.
From the Realty index, Purvankara is trading higher by (2.11%) at Rs256.35 along with HDIL by (1.63%) at Rs790.10, Omaxe by (1.12%) at Rs229.35, Unitech by (1%) at Rs288.80, Parsvnath by (0.79%) at Rs222.70, Phoenix mill by (0.70%) at Rs396.80, Ansal Infra by (0.52%) at Rs163.80, Anant Raj by (0.37%) at Rs257 and Penland by (0.21%) at Rs95.50.
From the Power index, Suzlon Energy is trading up by (2.83%) at Rs299.85 followed by Tata Power by (2.74%) at Rs1438, ABB by (1.76%) at Rs1092.05, Reliance Infra by (1.19%) at Rs1468.15, Siemens by (0.88%) at Rs596.50, GMR Infra by (0.71%) at Rs148.95, GVK Power by (0.57%) at Rs53.10 and Reliance Power by (0.44%) at Rs417.80.
Reliance Communications is trading higher by (1.55%) at Rs598.9 on the back of reports that its tower business division ‘Reliance Infratel’ has received the approval from the Securities and Exchange Board of India for an initial public offer. Reliance Communication holds 95% in Reliance Infratel and the private equity investment companies hold the rest.
Unitech is trading higher by (1.19%) at Rs289.25. The company is looking at raising around $1bn through a stake sale in its telecom venture- Unitech Wireless to fund its mega expansion plans. Unitech is looking at divesting 30-35% stake to raise $1bn valuing the enterprise at around $3bn.
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