Markets are trading higher despite slower Q1 GDP growth. India’s Q1 GDP growth slows to 7.9% from 8.8% of previous quarter. Domestic markets today opened on strong note on positive global cues and drop in inflation number to 12.40% in the week ended August 16 2008, as against 12.63% in previous week. Huge buying is visible mainly in Capital Goods, Bank, Metal, Oil & Gas, Reality and IT stocks. Among the Sensex pack 29 stocks are trading in green and only 1 is trading in red.
At 1.30PM, the BSE Sensex is trading higher by 425.53 points at 14,473.88 and NSE Nifty is up by 121.25 points at 4,335.25.
The BSE Mid Cap is trading higher by 107.59 points at 5,716.45 and Small Cap is up by 91.22 points at 6,873.52.
Gainers from the BSE are SBI trading higher by (6.04%) at Rs1,388.50 in line with ICICI Bank Ltd by (5.77%) at Rs670.50, Reliance Infra by (4.93%) at Rs981.40, BHEL by (4.86%) at Rs1,708.00, HDFC Bank Ltd by (4.47%) at Rs1,269.70, JP Associates by (4.16%) at Rs162.60, HDFC by (4.06%) at Rs2339.00 and Tata Steel (3.62%) at Rs592.50.
Only one loser from BSE is Grasim Industries down by (0.10%) at Rs1935.00.
The BSE Bank index is trading higher by 356.08 points at Rs6,952.49 as Canara Bank is trading up by (6.94%) at Rs214.05 along with OBC (6.81%) at Rs163.10, Union Bank by (6.48%) at Rs140.55, Kotak Bank (6.38%) at Rs592.30 and SBI (6.03%) at Rs12,388.40.
The Capital Goods index is trading up by 352.57 points at Rs11,845.07 as Punj Lloyd is trading higher by (6.15%) at Rs297.90 along with SKF India (5.37%) at Rs232.70, BHEL by (4.80%) at Rs1,707.05, Lakshmi MA W (4.13%) at Rs1,068.80 and Suzlon Energy (3.39%) at Rs215.20.
From the telecommunication sector, Tata Communications is trading higher by (4.72%) at Rs413.50 followed by Reliance Com Ltd trading up by (3.82%) at Rs399.55, Idea Cellular by (2.54%) at Rs82.85 and Bharti Airtel by (2.05%) at Rs821.00.
In auto sector Tata Motors is up by (3.96%) at Rs431.90 along with Maruti Suzuki is trading higher by (2.80%) at Rs647.00, Hero Honda Motors by (0.93%) at Rs829.75, and M&M Ltd by (0.76%) at Rs573.05.
From cement sector Ambuja Cement is trading higher by (2.22%) at Rs80.45, and ACC Ltd is up by (2.01%) at Rs559.20, while Grasim Indus is lower by (0.0.11%) at Rs1,934.00.
BHEL is trading higher by (4.86%) at Rs1,708.00. The company has bagged Rs11.55bn contract for setting up 2x270 MW thermal power generating units at Goindwal Sahib coal fired Thermal Power Project in Tarn Taran district, near Amritsar in Punjab from GVK Power Ltd
At 1.30PM, the BSE Sensex is trading higher by 425.53 points at 14,473.88 and NSE Nifty is up by 121.25 points at 4,335.25.
The BSE Mid Cap is trading higher by 107.59 points at 5,716.45 and Small Cap is up by 91.22 points at 6,873.52.
Gainers from the BSE are SBI trading higher by (6.04%) at Rs1,388.50 in line with ICICI Bank Ltd by (5.77%) at Rs670.50, Reliance Infra by (4.93%) at Rs981.40, BHEL by (4.86%) at Rs1,708.00, HDFC Bank Ltd by (4.47%) at Rs1,269.70, JP Associates by (4.16%) at Rs162.60, HDFC by (4.06%) at Rs2339.00 and Tata Steel (3.62%) at Rs592.50.
Only one loser from BSE is Grasim Industries down by (0.10%) at Rs1935.00.
The BSE Bank index is trading higher by 356.08 points at Rs6,952.49 as Canara Bank is trading up by (6.94%) at Rs214.05 along with OBC (6.81%) at Rs163.10, Union Bank by (6.48%) at Rs140.55, Kotak Bank (6.38%) at Rs592.30 and SBI (6.03%) at Rs12,388.40.
The Capital Goods index is trading up by 352.57 points at Rs11,845.07 as Punj Lloyd is trading higher by (6.15%) at Rs297.90 along with SKF India (5.37%) at Rs232.70, BHEL by (4.80%) at Rs1,707.05, Lakshmi MA W (4.13%) at Rs1,068.80 and Suzlon Energy (3.39%) at Rs215.20.
From the telecommunication sector, Tata Communications is trading higher by (4.72%) at Rs413.50 followed by Reliance Com Ltd trading up by (3.82%) at Rs399.55, Idea Cellular by (2.54%) at Rs82.85 and Bharti Airtel by (2.05%) at Rs821.00.
In auto sector Tata Motors is up by (3.96%) at Rs431.90 along with Maruti Suzuki is trading higher by (2.80%) at Rs647.00, Hero Honda Motors by (0.93%) at Rs829.75, and M&M Ltd by (0.76%) at Rs573.05.
From cement sector Ambuja Cement is trading higher by (2.22%) at Rs80.45, and ACC Ltd is up by (2.01%) at Rs559.20, while Grasim Indus is lower by (0.0.11%) at Rs1,934.00.
BHEL is trading higher by (4.86%) at Rs1,708.00. The company has bagged Rs11.55bn contract for setting up 2x270 MW thermal power generating units at Goindwal Sahib coal fired Thermal Power Project in Tarn Taran district, near Amritsar in Punjab from GVK Power Ltd
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