Monday, August 11, 2008

Market is trading higher - Aug 11 , 2008

Market is trading higher after a positive opening led by cooling oil prices, which eases the inflation worries. NSE Nifty is trading around 4,600 level and BSE Sensex is above 15,400 mark. BSE Midcaps and Smallcaps are trading with gains of more than 1.5% and 1% respectively. On the higher side Bank, Oil & Gas, Capital Goods, Reality and Auto stocks are supporting the market the market with huge buying from these baskets. Among the Sensex pack, 25 stocks are trading in green while 5 are in red.

At 1.30PM, the BSE Sensex is trading higher by 268.31 points at 15,436.13 and NSE Nifty is up by 68.19 points at 4,597.70.

The BSE Mid Cap is trading higher by 94.89 points at 5,981.86 along with Small Cap up by 102.79 points at 7,283.30.

Gainers from the BSE are JP Associates trading up by (7.08%) at Rs196.50 in line with ICICI Bank Ltd by (4.61%) at Rs762.50, Reliance infra by (3.77%) at Rs1,070.50, HDFC Bank Ltd by (3.66%) at Rs1,327.00, Maruti Suzuki by (3.58%) at Rs704.00 and SBI by (3.57%) at Rs1,576.20.

The BSE Bank index is trading higher by 300.19 points at 7,698.22 as Kotak Bank trading up by (4.86%) at Rs670.00 along with ICICI Bank Ltd by (4.64%) at Rs762.75, Bank of India (4.42%) at Rs303.55, Axis Bank (3.97%) at Rs764.00 and Bank of Baroda by (3.97%) at Rs397.15.

The BSE Oil & Gas index is trading up by 265.39 points at 10,404.49. Scrips that are trading higher are Gail India (3.37%) at Rs420.80 followed by Reliance by (3.22%) at Rs2,323.00, IOC by (2.85%) at Rs444.30, HPCL by (2.33%) at Rs235.20 and ONGC by (2.16%) at Rs1,086.95.

The BSE Capital Goods index is trading up by 229.74 points at 12,795.62 as Gammon Indi trading higher by (6.74%) at Rs229.55 along with Elecon Eng C (5.50%) at Rs124.70, Jyoti Struct by (5.24%) at Rs142.65, Aiaengineer (5.12%) at Rs1,540.00 and BEML Ltd by (4.81%) at Rs762.25.

From the telecommunication sector, Reliance Com Ltd is higher by (3.14%) at Rs452.80 along with Tata Communications trading up by (1.12%) at Rs455.00, Idea Cellular by (0.44%) at Rs90.40 and Bharti Airtel by (0.43%) at Rs844.50.

In auto sector Maruti Suzuki is trading higher by (3.31%) at Rs701.85 followed by Tata Motors up by (1.99%) at Rs449.45, M&M Ltd by (1.10%) at Rs582.10 and Hero Honda Motors higher by (0.93%) at Rs829.35.

In cement sector Ambuja Cement is trading up by (1.61%) at Rs88.40, Grasim Indus is higher by (1.44%) at Rs2,067.10 and ACC Ltd is up by (1.22%) at Rs637.05.

No comments: