The stock market is showing some sign of recovery after touching its multi year low last week.The market is trading in green on account of positive response from Asian and European market. On the other hand, the Bank of England (BoE) has informed that it will immediately implement reforms to its money market operations and bank lending facilities to make it easier for commercial banks to borrow from the BoE without any difficulty.
investors have picked up shares of software exporters and banks, but remained cautious in a market which has fallen by half this year. On a sectoral front, IT, Bankex and Metal have seen strong buying pressure and trading up by 7.78%, 5.09% and 4.62% respectively. Market breadth is positive on account of some selective stocks as 1044 stocks are trading in advance while nearly 1347 stocks are in declines.
At 1.30PM, the BSE Sensex is trading higher by 267 points at 10242.49 and NSE Nifty is up by 60.3 points at 3134.65.
The BSE Mid Cap is trading lower by 9 points at 3535.75 and Small cap is trading lower by 23 points at 4144.67.
Gainers from the BSE are Wipro Ltd up by (9.47%) at Rs282 along with Infosys Tech by (6.96%) at Rs1286.20, TCS by (6.37%) at Rs483.10, Satyam computer by (6.03%) at Rs282, HDFC bank by (5.85%) at Rs1084, ICICI bank by (5.26%) at Rs412.30 and Sterlite Industries by (4.68%) at Rs285.
The BSE IT index is surged by 197.46 points at 2734.73. Scrips trading higher are Wipro Ltd up by (9.47%) at Rs282 along with Infosys Tech by (6.96%) at Rs1286.20, TCS by (6.37%) at Rs483.10, Mphasis Ltd by (6.64%) at Rs185.50, Satyam computer by (6.03%) at Rs282 and Rolta India by (5.82%) at Rs179.90.
The BSE Bankex index is up by 282.22 points at 5828.91. Scrips trading higher are Canara bank by (9.21%) at Rs.188 followed by HDFC bank by (5.85%) at Rs1084, ICICI bank by (5.26%) at Rs412.30, Yes bank by (3.52%) at Rs79.50, Axis bank (2.84%) at Rs636.90, Bank of Baroda by (2.61%) at Rs312, Union bank by (2.48%) at Rs157 and PNB by (2.43%) at Rs506.
The BSE Metal index is higher by 267.88 points at 6069.59. Scrips trading higher are JSW SL by (3.47%) at Rs256.50, followed by SAIL by (3.37%) at Rs104.15,Gujarat NRE (3.27%) at Rs33.15, Welspun Gujarat by (2.75%) at Rs129, Jindal SAW by (2.68%) at Rs380.85 and Ispat Industries by (2.65%) at Rs13.55.
investors have picked up shares of software exporters and banks, but remained cautious in a market which has fallen by half this year. On a sectoral front, IT, Bankex and Metal have seen strong buying pressure and trading up by 7.78%, 5.09% and 4.62% respectively. Market breadth is positive on account of some selective stocks as 1044 stocks are trading in advance while nearly 1347 stocks are in declines.
At 1.30PM, the BSE Sensex is trading higher by 267 points at 10242.49 and NSE Nifty is up by 60.3 points at 3134.65.
The BSE Mid Cap is trading lower by 9 points at 3535.75 and Small cap is trading lower by 23 points at 4144.67.
Gainers from the BSE are Wipro Ltd up by (9.47%) at Rs282 along with Infosys Tech by (6.96%) at Rs1286.20, TCS by (6.37%) at Rs483.10, Satyam computer by (6.03%) at Rs282, HDFC bank by (5.85%) at Rs1084, ICICI bank by (5.26%) at Rs412.30 and Sterlite Industries by (4.68%) at Rs285.
The BSE IT index is surged by 197.46 points at 2734.73. Scrips trading higher are Wipro Ltd up by (9.47%) at Rs282 along with Infosys Tech by (6.96%) at Rs1286.20, TCS by (6.37%) at Rs483.10, Mphasis Ltd by (6.64%) at Rs185.50, Satyam computer by (6.03%) at Rs282 and Rolta India by (5.82%) at Rs179.90.
The BSE Bankex index is up by 282.22 points at 5828.91. Scrips trading higher are Canara bank by (9.21%) at Rs.188 followed by HDFC bank by (5.85%) at Rs1084, ICICI bank by (5.26%) at Rs412.30, Yes bank by (3.52%) at Rs79.50, Axis bank (2.84%) at Rs636.90, Bank of Baroda by (2.61%) at Rs312, Union bank by (2.48%) at Rs157 and PNB by (2.43%) at Rs506.
The BSE Metal index is higher by 267.88 points at 6069.59. Scrips trading higher are JSW SL by (3.47%) at Rs256.50, followed by SAIL by (3.37%) at Rs104.15,Gujarat NRE (3.27%) at Rs33.15, Welspun Gujarat by (2.75%) at Rs129, Jindal SAW by (2.68%) at Rs380.85 and Ispat Industries by (2.65%) at Rs13.55.
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