Market is trading with gains as buying is seen in the key stocks. The market opened with a minimal increase and suddenly gained some momentum backed by supportive buying. The oil & gas, capital goods and bank indices are able to acquire most of the support from the market while FMCG, auto and IT stocks are out of favour due to the selling in these baskets. The market breadth is positive as 1,151 stocks are trading in green while 1,103 stocks are trading in red.
At 11.30AM, BSE Sensex is trading higher by 86.18 points at 14,376.50 while NSE Nifty is trading up by 25.03 at 4,291.70. The BSE Mid Cap and BSE Small Cap are trading higher by 18.43 points and 6.13 points at 5,833.66 and 7,142.44.
Gainers from the NSE Nifty are Ranbaxy Lab up by (3.08%) at Rs529.05 along with Suzlon Energy (2.96%) at Rs234.65, Dr Reddy’s lab by (2.85%) at Rs666.00, Reliance Industries Ltd (2.84%) at Rs2,083.25, BHEL (2.67%) at Rs1,395.95 and SBI by (2.55%) at Rs1,235.00.
The Oil & Gas index is trading higher by 117.12 points at 9,289.22 as ONG C is trading up by (2.23%) at Rs886.20 followed by Gail India (0.62%) at Rs382.00 and Cairn India (0.45%) at Rs268.80.
The Capital Goods index is trading up by 76.75 points at Rs10,873.76 as Suzlon Energy is trading high by (2.81%) at Rs234.40 along with Alstom Proje (2.78%) at Rs382.50, Punj Lloyd (2.02%) at Rs230.10, BHEL by (1.99%) at Rs1,388.55 and Areva by (1.94%) at Rs1,313.90.
The FMCG index is trading down by 33.50 points at Rs2,169.15 as ITC Ltd is trading lower by (2.84%) at Rs189.85 along with Marico Ltd (2.10%) at Rs60.55, Rei Agro Ltd (1.91%) at Rs1,450.00,Dabur India Ltd by (1.36%) at Rs90.85 and United Brew by (0.80%) at Rs149.00.
Hindalco is trading lower by (4.94%) at Rs152.10. It is planning to sell the shares and bonds of worth $3 billion and will use the proceeds to repay loans taken to fund its acquisition of Novelis Inc.
Reliance is trading up by (2.66%) at Rs2,076.00. Reliance Industries USA, part of the Mukesh Ambani-led Indian conglomerate, plans to set up its first plant in the US in North Carolina with an investment of $215 million. Reliance will create over 200 jobs with the Kinston plant in the area over the next five years. Reliance USA makes resin used in the manufacture of plastic containers and speciality polyester yarns.
Maruti Suzuki is trading lower by (1.57%) at Rs663.00. The company has recently launched a new version of its entry-level offering, the Maruti 800 small hatch, which runs on gasoline as well as LPG. The Maruti 800 Duo now joins the OEM''s other alternative fuel offerings.
At 11.30AM, BSE Sensex is trading higher by 86.18 points at 14,376.50 while NSE Nifty is trading up by 25.03 at 4,291.70. The BSE Mid Cap and BSE Small Cap are trading higher by 18.43 points and 6.13 points at 5,833.66 and 7,142.44.
Gainers from the NSE Nifty are Ranbaxy Lab up by (3.08%) at Rs529.05 along with Suzlon Energy (2.96%) at Rs234.65, Dr Reddy’s lab by (2.85%) at Rs666.00, Reliance Industries Ltd (2.84%) at Rs2,083.25, BHEL (2.67%) at Rs1,395.95 and SBI by (2.55%) at Rs1,235.00.
The Oil & Gas index is trading higher by 117.12 points at 9,289.22 as ONG C is trading up by (2.23%) at Rs886.20 followed by Gail India (0.62%) at Rs382.00 and Cairn India (0.45%) at Rs268.80.
The Capital Goods index is trading up by 76.75 points at Rs10,873.76 as Suzlon Energy is trading high by (2.81%) at Rs234.40 along with Alstom Proje (2.78%) at Rs382.50, Punj Lloyd (2.02%) at Rs230.10, BHEL by (1.99%) at Rs1,388.55 and Areva by (1.94%) at Rs1,313.90.
The FMCG index is trading down by 33.50 points at Rs2,169.15 as ITC Ltd is trading lower by (2.84%) at Rs189.85 along with Marico Ltd (2.10%) at Rs60.55, Rei Agro Ltd (1.91%) at Rs1,450.00,Dabur India Ltd by (1.36%) at Rs90.85 and United Brew by (0.80%) at Rs149.00.
Hindalco is trading lower by (4.94%) at Rs152.10. It is planning to sell the shares and bonds of worth $3 billion and will use the proceeds to repay loans taken to fund its acquisition of Novelis Inc.
Reliance is trading up by (2.66%) at Rs2,076.00. Reliance Industries USA, part of the Mukesh Ambani-led Indian conglomerate, plans to set up its first plant in the US in North Carolina with an investment of $215 million. Reliance will create over 200 jobs with the Kinston plant in the area over the next five years. Reliance USA makes resin used in the manufacture of plastic containers and speciality polyester yarns.
Maruti Suzuki is trading lower by (1.57%) at Rs663.00. The company has recently launched a new version of its entry-level offering, the Maruti 800 small hatch, which runs on gasoline as well as LPG. The Maruti 800 Duo now joins the OEM''s other alternative fuel offerings.
No comments:
Post a Comment