The market today opens strongly on the back of positive cues from the global markets. The BSE Sensex open above the 17,500 mark as strong buying witnessed across the board. The Bank, Consumer Durables, Auto and IT stock the in huge demand today. The broader market is also trading in line with the benchmark index in the opening trade.
The overall market breadth is positive as 1438 stocks are advancing whereas 535 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 228.72 points at 17,516.03 and the Nifty was up by 56.45 points to 5,222.35.
The BSE Mid Cap increased by 100.64 points to 7,239.38 and the BSE Small Cap advanced by 92.64 points to 8,866.21.
Reliance Energy reported the top gainer from the BSE Sensex pack. It is trading with a gain of 5.08% at Rs.1498.10 while Hindalco Industries reported the top loser down by 3.98% at Rs.185.90.
BSE Bank index surged by 259.21 points to trade at 9,078.89. The major gainers are ICICI Bank, HDFC Bank, SBI and PNB grew by (3.51%), (2.83%), (2.79%) and (1.02%) to Rs.910.50, Rs.1567.30, Rs.1824.25 and Rs.556 respectively.
BSE IT index advanced by 98.35 points to trade at 4,360.28. The top gainers are Wipro inclined by (3.84%) to Rs.507.50, TCS increased by (3.07%) at Rs.949.25 followed by Satyam Computers and Infosys Technologies up by (2.43%) and (1.65%) to Rs.494.40 and Rs.1781.95.
Maruti Suzuki is trading higher by (4.18%) at Rs.773.10. The company has reported a 22% growth in its sales for the month of April, 2008. Maruti Suzuki India Limited sold 59,539 vehicles in the domestic market in April 2008, while the company had sold 48,652 vehicles in the domestic market in April 2007.
The overall market breadth is positive as 1438 stocks are advancing whereas 535 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 228.72 points at 17,516.03 and the Nifty was up by 56.45 points to 5,222.35.
The BSE Mid Cap increased by 100.64 points to 7,239.38 and the BSE Small Cap advanced by 92.64 points to 8,866.21.
Reliance Energy reported the top gainer from the BSE Sensex pack. It is trading with a gain of 5.08% at Rs.1498.10 while Hindalco Industries reported the top loser down by 3.98% at Rs.185.90.
BSE Bank index surged by 259.21 points to trade at 9,078.89. The major gainers are ICICI Bank, HDFC Bank, SBI and PNB grew by (3.51%), (2.83%), (2.79%) and (1.02%) to Rs.910.50, Rs.1567.30, Rs.1824.25 and Rs.556 respectively.
BSE IT index advanced by 98.35 points to trade at 4,360.28. The top gainers are Wipro inclined by (3.84%) to Rs.507.50, TCS increased by (3.07%) at Rs.949.25 followed by Satyam Computers and Infosys Technologies up by (2.43%) and (1.65%) to Rs.494.40 and Rs.1781.95.
Maruti Suzuki is trading higher by (4.18%) at Rs.773.10. The company has reported a 22% growth in its sales for the month of April, 2008. Maruti Suzuki India Limited sold 59,539 vehicles in the domestic market in April 2008, while the company had sold 48,652 vehicles in the domestic market in April 2007.
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