Indian Markets extended its gains and continue to trade up led by strong buying over the counters due to the drop in crude oil to $111.22 a barrel on estimates that the damage caused along the Gulf Coast off the United States by Hurricane Gustav was less than expected. The BSE Sensex is trading above 14,800 mark and NSE Nifty is above 4,400 level. All indices except Pharma and Consumer Durables are trading in green and among that sustained Capital Goods, Bank, Oil & Gas, Metal and Reality stocks are witnessing most of the buying from these baskets. Among the Sensex pack, 28 stocks are trading in green and 2 stocks are trading in red.
At 1.31PM, the BSE Sensex is trading higher by 342.13 points at 14,840.65 and NSE Nifty is up by 97.54 points at 4,446.20.
The BSE Mid Cap is trading higher by 77.46 points at 5,819.44 and Small Cap is up by 70.15 points at 6,961.55.
Gainers from the BSE are ONGC trading higher by (5.37%) at Rs1,085.10 in line with JP Associates by (4.77%) at Rs170.30, ICICI Bank Ltd by (4.28%) at Rs693.00, SBI by (3.99%) at Rs1,472.50, Reliance Infra by (3.80%) at Rs1,020.15, L&T Ltd by (3.00%) at Rs2,639.00, Tata Power by (2.79%) at Rs1,068.00 and ACC Ltd (2.53%) at Rs578.50.
Only two losers from the BSE are Ranbaxy Lab down by (7.01%) at Rs464.75 and Tata Motors by (1.44%) at Rs431.50.
The BSE Capital Goods index is trading higher by 134.64 points at Rs12,098.42 as Wallchand In is trading up by (5.14%) at Rs276.35 along with Reliance Industrial Infra (3.47%) at Rs935.00, Suzlon Energy by (3.27%) at Rs223.90, L&T (2.93%) at Rs2,637.00 and Everest Kanto (2.36%) at Rs302.00.
The BSE Bank index is trading up by 217.77 points at Rs7,239.12. Scrips trading higher are Union Bank (6.13%) at Rs154.00 followed by Kotak Bank by (5.61%) at Rs626.50, OBC (5.36%) at Rs173.00, PNB (4.59%) at Rs509.35 and IOB by (4.53%) at Rs94.65.
The BSE Pharma index is trading lower by 16.16 points at Rs4,294.28 as Ranbaxy Lab is trading down by (7.06%) at Rs464.50 along with Cipla Ltd (0.84%) at Rs236.05, Aurbindo Pharma by (0.83%) at Rs318.30, Matrix Lab (0.36%) at Rs152.00 and IPCA Lab Ltd (0.35%) at Rs570.00.
From the telecommunication sector, Tata Communications is trading up by (3.32%) at Rs420.30 along with Reliance Com Ltd by (2.08%) at Rs397.00, Bharti Airtel by (0.72%) at Rs822.05 and Idea Cellular is higher by (0.49%) at Rs80.00.
In auto sector Hero Honda Motors is up by (1.18%) at Rs858.00 followed by Maruti Suzuki up by (0.90%) at Rs639.20, M&M Ltd by (0.70%) at Rs576.90, while Tata Motors is down by (1.54%) at Rs431.00.
From cement sector ACC Ltd is trading higher by (2.02%) at Rs575.15, followed by Grasim Indus up by (1.64%) at Rs1,972.55 and Ambuja Cement by (1.12%) at Rs81.00
At 1.31PM, the BSE Sensex is trading higher by 342.13 points at 14,840.65 and NSE Nifty is up by 97.54 points at 4,446.20.
The BSE Mid Cap is trading higher by 77.46 points at 5,819.44 and Small Cap is up by 70.15 points at 6,961.55.
Gainers from the BSE are ONGC trading higher by (5.37%) at Rs1,085.10 in line with JP Associates by (4.77%) at Rs170.30, ICICI Bank Ltd by (4.28%) at Rs693.00, SBI by (3.99%) at Rs1,472.50, Reliance Infra by (3.80%) at Rs1,020.15, L&T Ltd by (3.00%) at Rs2,639.00, Tata Power by (2.79%) at Rs1,068.00 and ACC Ltd (2.53%) at Rs578.50.
Only two losers from the BSE are Ranbaxy Lab down by (7.01%) at Rs464.75 and Tata Motors by (1.44%) at Rs431.50.
The BSE Capital Goods index is trading higher by 134.64 points at Rs12,098.42 as Wallchand In is trading up by (5.14%) at Rs276.35 along with Reliance Industrial Infra (3.47%) at Rs935.00, Suzlon Energy by (3.27%) at Rs223.90, L&T (2.93%) at Rs2,637.00 and Everest Kanto (2.36%) at Rs302.00.
The BSE Bank index is trading up by 217.77 points at Rs7,239.12. Scrips trading higher are Union Bank (6.13%) at Rs154.00 followed by Kotak Bank by (5.61%) at Rs626.50, OBC (5.36%) at Rs173.00, PNB (4.59%) at Rs509.35 and IOB by (4.53%) at Rs94.65.
The BSE Pharma index is trading lower by 16.16 points at Rs4,294.28 as Ranbaxy Lab is trading down by (7.06%) at Rs464.50 along with Cipla Ltd (0.84%) at Rs236.05, Aurbindo Pharma by (0.83%) at Rs318.30, Matrix Lab (0.36%) at Rs152.00 and IPCA Lab Ltd (0.35%) at Rs570.00.
From the telecommunication sector, Tata Communications is trading up by (3.32%) at Rs420.30 along with Reliance Com Ltd by (2.08%) at Rs397.00, Bharti Airtel by (0.72%) at Rs822.05 and Idea Cellular is higher by (0.49%) at Rs80.00.
In auto sector Hero Honda Motors is up by (1.18%) at Rs858.00 followed by Maruti Suzuki up by (0.90%) at Rs639.20, M&M Ltd by (0.70%) at Rs576.90, while Tata Motors is down by (1.54%) at Rs431.00.
From cement sector ACC Ltd is trading higher by (2.02%) at Rs575.15, followed by Grasim Indus up by (1.64%) at Rs1,972.55 and Ambuja Cement by (1.12%) at Rs81.00
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