The market after giving up all its initial gains is now trading marginally higher. The expiry of the May 2008 derivatives contract led the market to face the volatility since he initial bell. As per the reports, the rollover of the Nifty futures from May 2008 to June 2008 stood at 57% as against 62% in April-May 2008. The market breadth is strong as 1401 stocks are trading in green while 830 stocks are trading in red.
At 11.32AM, BSE Sensex is trading higher by 16.61 points at 16,541.98 and NSE Nifty is trading up by 9.35 points at 4,927.70. The BSE Mid Cap and Small are trading higher by 53.64 points and 55.01 points at 6,807.14 and 8,292.10 respectively.
Tata Motors is leading the rally from the losers pack of BSE with a fall of (5%) to trade at Rs603 in line with Allahabad bank by (3.48%) at Rs81.85, Sun Pharmaceuticals by (3.47%) at Rs1412, Chennai Petro by (2.86%) at Rs334, Suzlon Energy by (2.61%) at Rs282, Nicholas Piramal by (2.35%) at Rs355.50, Bajaj Hind by (2.28%) at Rs197.15, Yes bank by (1.98%) at Rs156.30, ITC by (1.91%) at Rs217.80, Indian Bank by (1.82%) at Rs126.50.
From the bankex baskets, Allahabad bank is trading lower by (3.48%) at Rs81.85 along with Yes bank by (1.98%) at Rs156.30, Axis bank by (1.46%) at Rs799, SBI by (1.04%) at Rs1503.50, ICICI bank by (0.67%) at Rs814.70, Union bank by (0.57%) at Rs139.30, Cent BOP by (0.33%) at Rs44.80 and Bank of Baroda by (0.41%) at Rs268.05.
From the IT basket, I-Flex is trading up by (2.41%) at Rs1428 followed by Tech Mahindra by (1.71%) at Rs846.95 followed by Wipro by (1.67%) at Rs514.60, Satyam Computers by (1.67%) at Rs523, Mosear Baer by (1.23%) at Rs180.90, Aptech by (0.44%) at Rs239.40, Finance Tech by (0.28%) at Rs1758.50.
Tata Steel is trading up by (1.59%) at Rs917.75 as the company received mineral concession approvals from the ministry of Mines for two large mines-one for an iron ore mine in Jharkhand and other for a chrome ore mine in Manipur.
Satyam Computers is trading higher by (1.67%) at Rs523 as the company and Siemens PLM Software has entered into an alliance to provide software and services to help customers enhance efficiency and enable them to benefit from the duos expertise. Also, it has entered into a comprehensive agreement GE Healthcare to support customers deploying healthcare IT solutions based on GE centricity enterprise software. The companies will join the forces to plan, design and implement infrastructures for global healthcare providers.
At 11.32AM, BSE Sensex is trading higher by 16.61 points at 16,541.98 and NSE Nifty is trading up by 9.35 points at 4,927.70. The BSE Mid Cap and Small are trading higher by 53.64 points and 55.01 points at 6,807.14 and 8,292.10 respectively.
Tata Motors is leading the rally from the losers pack of BSE with a fall of (5%) to trade at Rs603 in line with Allahabad bank by (3.48%) at Rs81.85, Sun Pharmaceuticals by (3.47%) at Rs1412, Chennai Petro by (2.86%) at Rs334, Suzlon Energy by (2.61%) at Rs282, Nicholas Piramal by (2.35%) at Rs355.50, Bajaj Hind by (2.28%) at Rs197.15, Yes bank by (1.98%) at Rs156.30, ITC by (1.91%) at Rs217.80, Indian Bank by (1.82%) at Rs126.50.
From the bankex baskets, Allahabad bank is trading lower by (3.48%) at Rs81.85 along with Yes bank by (1.98%) at Rs156.30, Axis bank by (1.46%) at Rs799, SBI by (1.04%) at Rs1503.50, ICICI bank by (0.67%) at Rs814.70, Union bank by (0.57%) at Rs139.30, Cent BOP by (0.33%) at Rs44.80 and Bank of Baroda by (0.41%) at Rs268.05.
From the IT basket, I-Flex is trading up by (2.41%) at Rs1428 followed by Tech Mahindra by (1.71%) at Rs846.95 followed by Wipro by (1.67%) at Rs514.60, Satyam Computers by (1.67%) at Rs523, Mosear Baer by (1.23%) at Rs180.90, Aptech by (0.44%) at Rs239.40, Finance Tech by (0.28%) at Rs1758.50.
Tata Steel is trading up by (1.59%) at Rs917.75 as the company received mineral concession approvals from the ministry of Mines for two large mines-one for an iron ore mine in Jharkhand and other for a chrome ore mine in Manipur.
Satyam Computers is trading higher by (1.67%) at Rs523 as the company and Siemens PLM Software has entered into an alliance to provide software and services to help customers enhance efficiency and enable them to benefit from the duos expertise. Also, it has entered into a comprehensive agreement GE Healthcare to support customers deploying healthcare IT solutions based on GE centricity enterprise software. The companies will join the forces to plan, design and implement infrastructures for global healthcare providers.
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