Tuesday, October 14, 2008

Domestic Market Joins The Global Party - Oct 14, 2008

The Indian stock market seems to be back on track as it extends its manic Monday rally. The Asian markets are trading above 4% on the back of European factor. This global rally is due to the global central banks uncovering more measures to bolster confidence in the market. These collective emergency steps by governments reduce the immediate risk of a failure in global financial system. The sectors like Capital Goods, Metal, Bankex and Realty are trading higher. The market breadth is positive as 1837 stocks are trading in green while 474 stocks are in red.

At 11.34 AM, BSE Sensex is trading positive by 529.80 points at 11838 and NSE Nifty is trading up by 142.00 points at 3633. The BSE Mid Cap and BSE Small Cap are gaining by 194 points and 238 points at 4025.99 and 4752.52 respectively.

Gainers from the NSE Nifty Pack are Satyam Computers up by (12.19%) at Rs301.8 along with Wipro ltd up by (10.66%) at Rs314.5, Suzlon Energy up by (9.73%) at Rs117.80, Tata Comm by (9.60%) at Rs485.35, Siemens by (9.20%) at Rs345.55, Tata Power by (8.90%) at Rs856.8 and Reliance Infra by (8.27%) at Rs649.00.

Gainers from the BSE Sensex Pack are Satyam Computers up by (11.55%) at Rs300.25 along with Wipro ltd up by (10.97%) at Rs314.5, Jaiprakash Asso by (9.22%) at Rs88.25, Reliance Infra by (8.63%) at Rs653.55, Tata Power by (8.07%) at Rs854.00, DLF by (7.96%) at Rs325.35 and ICICI Bank Ltd by (7.88%) at Rs458.60.

The BSE Capital Goods index is trading higher by 518.03 points at 9294.15 as scrips trading up are Reliance industrial infrastructure by (19.43%) at Rs483.70, Usha Martin by (17.51%) at Rs44.30, Havells India up by (10.90%) at Rs245.65, Suzlone Energy by (9.73%) at Rs117.80, and Walchand Industries by (8.94%) at Rs162.75.

The BSE Bankex index is trading up by 281.05 points at 6254.89. Scrips trading higher are Yes Bank by (8.41%) at Rs.85.75 followed by ICICI Bank by (7.88%) at Rs458.60, Indus Ind Bank by (7.64%) at Rs50, Bank of India by (7.12%) at Rs297.90, Kotak Bank by (6.82%) at Rs506.10 and Indian Overseas Bank by (5.35%) at Rs94.50.

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