The markets have recovered smartly from the day’s low backed by the sharp recovery by the Asian and European markets. The smart buying witnessed among the frontline line indices mainly led by Banking and Oil & Gas stocks. However, the Realty, IT, Pharma, Metal and Capital Goods stocks are still reeling under pressure.
The banking gathered momentum after Finance Minister P Chidambaram said that public sector banks have virtually no exposure to the debt of Lehman Brothers. He also said that credit crunch globally would partly impact credit availability in India and more steps would be taken to provide liquidity if required.
The BSE Sensex is now trading above the 13200 mark after recovering over 650 points and the NSE Nifty has recovered over 200 points to trade above 4000 mark. However the broader markets are still under pressure as both the BSE Mid Cap and the BSE Small Cap are trading lower by nearly 2% each.
The overall market breadth is negative as 436 stocks are advancing while 2103 stocks are declining in BSE.
SBI reported the top gainer from the BSE Sensex pack. It is trading higher by (2.61%) at Rs.1,568.50 while the Jai Prakash Associate the top loser down by (8.57%) at Rs.124.90.
At 2.31PM BSE Sensex is at 13,278.97 up by 16.07 points and Nifty is at 4,031.15 down by 22.90 points.
The BSE Mid Cap is lower by 86.21 points at 5,053.42 and the BSE Small Cap slipped by 178.51 points to 6,036.24.
The BSE Realty index is the one of the top loser today trading with a loss of 201.87 points at 3,790.06. The main losers are Mahindra Life down by (8.64%) at Rs.370, HDIL decreased by (5.05%) at Rs.203.10 followed by Omaxe Ltd. and Sobha Developers declined by (5.19%) and (3.77%) to Rs.104.05 and Rs.217 respectively.
The most active shares on NSE are Reliance Industries trading at Rs.1903.10 with a total traded quantity of 7281415 shares followed by Reliance Capital trading at Rs.1084.85 with a total traded quantity of 7787273 shares
The banking gathered momentum after Finance Minister P Chidambaram said that public sector banks have virtually no exposure to the debt of Lehman Brothers. He also said that credit crunch globally would partly impact credit availability in India and more steps would be taken to provide liquidity if required.
The BSE Sensex is now trading above the 13200 mark after recovering over 650 points and the NSE Nifty has recovered over 200 points to trade above 4000 mark. However the broader markets are still under pressure as both the BSE Mid Cap and the BSE Small Cap are trading lower by nearly 2% each.
The overall market breadth is negative as 436 stocks are advancing while 2103 stocks are declining in BSE.
SBI reported the top gainer from the BSE Sensex pack. It is trading higher by (2.61%) at Rs.1,568.50 while the Jai Prakash Associate the top loser down by (8.57%) at Rs.124.90.
At 2.31PM BSE Sensex is at 13,278.97 up by 16.07 points and Nifty is at 4,031.15 down by 22.90 points.
The BSE Mid Cap is lower by 86.21 points at 5,053.42 and the BSE Small Cap slipped by 178.51 points to 6,036.24.
The BSE Realty index is the one of the top loser today trading with a loss of 201.87 points at 3,790.06. The main losers are Mahindra Life down by (8.64%) at Rs.370, HDIL decreased by (5.05%) at Rs.203.10 followed by Omaxe Ltd. and Sobha Developers declined by (5.19%) and (3.77%) to Rs.104.05 and Rs.217 respectively.
The most active shares on NSE are Reliance Industries trading at Rs.1903.10 with a total traded quantity of 7281415 shares followed by Reliance Capital trading at Rs.1084.85 with a total traded quantity of 7787273 shares
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