The market today made a sharp rebound from the yesterday’s fall and opens with significant gains on the back of positive global cues. All the BSE indices are trading in green in the opening trade. The most buying support is seen in the Bank, Capital Goods, Realty and Metal stocks.
The overall market breadth is positive as 1257 stocks are advancing whereas 337 stocks are declining on BSE.
HDFC Bank reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (5.74%) at Rs.1,088.40 while NTPC the top loser down by (3.05%) at Rs.173.
At 10.30AM, the BSE Sensex was up by 280.11 points at 14,071.66 and the Nifty was up by 65.39 points to 4,255.25.
The BSE Mid Cap increased by 93.78 points to 5,582.36 and the BSE Small Cap advanced by 101.47 points to 6,932.49.
BSE Bank index surged by 201.11 points to trade at 6,400.71. The major gainers are HDFC Bank, ICICI Bank, PNB and SBI grew by (5.74%), (3.71%), (2.31%) and (2%) to Rs.1,088.40, Rs.630.25, Rs.462.50 and Rs.1,345 respectively.
BSE Capital Goods index advanced by 279.18 points to trade at 11,599.78. The top gainers are BHEL increased by (2.73%) to Rs.1,637.25, L&T up by (2.50%) to Rs.2,610.35, Siemens inclined by (1.74%) to Rs522.10 followed by ABB grew by (1.61%) to Rs.785.10.
Hero Honda is trading higher by (3.58%) at Rs.761.90. The company has reported a 44% growth in its net profit at Rs2.73bn for the quarter ended June 30, 2008 compared to Rs1.89bn in the corresponding quarter last year. This sharp rise in the bottomline was backed by the impressive sales, especially in the 125cc motorcycle.
The overall market breadth is positive as 1257 stocks are advancing whereas 337 stocks are declining on BSE.
HDFC Bank reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (5.74%) at Rs.1,088.40 while NTPC the top loser down by (3.05%) at Rs.173.
At 10.30AM, the BSE Sensex was up by 280.11 points at 14,071.66 and the Nifty was up by 65.39 points to 4,255.25.
The BSE Mid Cap increased by 93.78 points to 5,582.36 and the BSE Small Cap advanced by 101.47 points to 6,932.49.
BSE Bank index surged by 201.11 points to trade at 6,400.71. The major gainers are HDFC Bank, ICICI Bank, PNB and SBI grew by (5.74%), (3.71%), (2.31%) and (2%) to Rs.1,088.40, Rs.630.25, Rs.462.50 and Rs.1,345 respectively.
BSE Capital Goods index advanced by 279.18 points to trade at 11,599.78. The top gainers are BHEL increased by (2.73%) to Rs.1,637.25, L&T up by (2.50%) to Rs.2,610.35, Siemens inclined by (1.74%) to Rs522.10 followed by ABB grew by (1.61%) to Rs.785.10.
Hero Honda is trading higher by (3.58%) at Rs.761.90. The company has reported a 44% growth in its net profit at Rs2.73bn for the quarter ended June 30, 2008 compared to Rs1.89bn in the corresponding quarter last year. This sharp rise in the bottomline was backed by the impressive sales, especially in the 125cc motorcycle.
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