The market is showing firm trading on significant buying over the ground led by sharp drop in crude oil prices. Crude oil tumbled $4.82, to $115.20 a barrel on the NYMEX. Indian market opened with handsome gains tracking positive global cues and continues to gain ground. Sustained buying is seen mainly in Bank, Capital Goods, Oil & Gas, Reality and Metal stocks. The market breadth is positive as 1700 stocks are trading in green while 594 stocks are trading in red.
At 11:30 AM the BSE Sensex is trading higher by 272.65 points at 15,440.48 and NSE Nifty is trading up by 66.94 points at 4,596.45. The BSE Mid Cap and BSE Small Cap are trading higher by 86.51 points and 102.63 points at 5,973.48 and 7,284.37 respectively.
Gainers from the NSE are Unitech Ltd trading higher by (4.13%) at Rs186.20 in line with Punjab National Bank by (4.13%) at Rs520.50, Reliance Infra by (3.90%) at Rs1,072.20, SBI by (3.71%) at Rs1,574.05, Maruti Suzuki by (3.29%) at Rs701.50, ICICI Bank Ltd by (3.06%) at Rs754.00 and HDFC Bank Ltd by (2.95%) at Rs1,321.00.
The BSE Capital Goods index is trading up by 241.87 points at 12,807.75 as BEML Ltd trading higher by (5.84%) at Rs769.80 along with Elecon Eng C by (5.29%) at Rs124.45, Gammon Indi (4.81%) at Rs225.40, Praj Industries by (3.36%) at Rs192.25 and Thermax Ltd by (3.17%) at Rs487.00.
The BSE Bank index is trading higher by 240.73 points at 7,635.76 as Canara Bank trading up by (4.42%) at Rs225.50 along with Kotak Bank by (4.14%) at Rs665.40, PNB (3.92%) at Rs93.55, Axis Bank (3.66%) at Rs761.75 and ICICI Bank Ltd by (3.66%) at Rs755.60.
SBI is trading higher by (3.34%) at Rs1,572.65. The government may formally announce merger of State Bank of Saurashtra (SBS) with the SBI this week. The merger had received the approval of the Union Cabinet earlier this month. This merger will enable SBI to improve its business in terms of manpower, footprint and resources.
BHEL is trading higher by (2.40%) at Rs1,826.00 as the company has won Rs400 crore contract for setting up a hydro power project in the Rwanda, an African country. It has received the order for setting up 2x14 MW Nyaborongo Hydro Electric Power Project from the Republic of Rwanda government.
At 11:30 AM the BSE Sensex is trading higher by 272.65 points at 15,440.48 and NSE Nifty is trading up by 66.94 points at 4,596.45. The BSE Mid Cap and BSE Small Cap are trading higher by 86.51 points and 102.63 points at 5,973.48 and 7,284.37 respectively.
Gainers from the NSE are Unitech Ltd trading higher by (4.13%) at Rs186.20 in line with Punjab National Bank by (4.13%) at Rs520.50, Reliance Infra by (3.90%) at Rs1,072.20, SBI by (3.71%) at Rs1,574.05, Maruti Suzuki by (3.29%) at Rs701.50, ICICI Bank Ltd by (3.06%) at Rs754.00 and HDFC Bank Ltd by (2.95%) at Rs1,321.00.
The BSE Capital Goods index is trading up by 241.87 points at 12,807.75 as BEML Ltd trading higher by (5.84%) at Rs769.80 along with Elecon Eng C by (5.29%) at Rs124.45, Gammon Indi (4.81%) at Rs225.40, Praj Industries by (3.36%) at Rs192.25 and Thermax Ltd by (3.17%) at Rs487.00.
The BSE Bank index is trading higher by 240.73 points at 7,635.76 as Canara Bank trading up by (4.42%) at Rs225.50 along with Kotak Bank by (4.14%) at Rs665.40, PNB (3.92%) at Rs93.55, Axis Bank (3.66%) at Rs761.75 and ICICI Bank Ltd by (3.66%) at Rs755.60.
SBI is trading higher by (3.34%) at Rs1,572.65. The government may formally announce merger of State Bank of Saurashtra (SBS) with the SBI this week. The merger had received the approval of the Union Cabinet earlier this month. This merger will enable SBI to improve its business in terms of manpower, footprint and resources.
BHEL is trading higher by (2.40%) at Rs1,826.00 as the company has won Rs400 crore contract for setting up a hydro power project in the Rwanda, an African country. It has received the order for setting up 2x14 MW Nyaborongo Hydro Electric Power Project from the Republic of Rwanda government.
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