Indian share market welcomed RBI measure to bring more liquidity into the market in order to maintain sustainable growth rate. Further, investors are expecting that rate cut by the Central Bank would bring cheaper loans for the corporate, which are currently facing liquidity crunch and withhold their expansion plans. Further, Prime Minister''s assurance over the safe Indian banking system bolsters confidence level of the Investors with the expectation of more liquidity into the share market.
On the sectoral front Consumer Durable, Realty and IT indices are facing buying pressure with the growth of 5.50%, and 5.04% and 4.86% respectively from their last closing. Market breadth is positive as 1446 stocks are trading in positive territory while nearly 894 stocks are in negative.
At 1.30PM, the BSE Sensex is trading higher by 405 points at 10628.66 and NSE Nifty is up by 95 points at 3217.9.
The BSE Mid Cap is trading up by 57.3 points at 3563.71 and Small cap is trading higher by 47.2 points at 4160.08.
Gainers from the Sensex pack are Jaiprakash Associates up by (13%) at Rs76.50 along with Satyam computers by (7.89%) at Rs311.80, Reliance communication by (7.32%) at Rs249.10, Reliance Infra by (6.63%) at Rs513.50, TCS Ltd by (6.31%) at Rs528.50, ICICI bank by (6.03%) at Rs435.90, Reliance Ind by (5.81%) at Rs1398 and Sterlite Industries by (5.01%) at Rs285.
The BSE Consumer Durable index is trading higher by 122.85 points at 2208.13. Major gainers are Titan Industries by (10.91%) at Rs942 followed by Videocon Industries by (6.38%) at Rs140 and Rajesh Exports by (4.35%) at Rs24.
The BSE Realty index is jumped by 130.35 points at 2560.96. Scrips trading higher are INDBUL Real by (19.67%) at Rs128.35, followed by HDFC by (14.05%) at Rs145.70, Mahindra Life by (9.82%) at Rs269, Orbitco by (7.64%) at Rs75.40, Anant Raj Ind by (5.58%) at Rs70 and Parsvnath by (4.35%) at Rs67.20
The BSE IT index is trading higher by 134.62 points at 2876.08. Scrips trading higher are Tech Mahindra by (9.87%) at Rs407 followed by TCS by (9.42%) at Rs544, Satayam Computer by (8.84%) at Rs314.55, Oracle Fin by (8%) at Rs481 and HCL Tech by (5.84%) at Rs183.
During the session Realty major Jaiprakash Associate is trading higher by (12.70%) at Rs76.30 on account of nearly 96%yoy growth in net profit of Rs203.13crores for the quarter ended September’08. Addition to this, for the six months ended September 30, the company reported a net profit of Rs 330.39crores, a 35.70% raise over the previous year. Further, Jaiprakash Associates also declared the first interim dividend of 30 paise. Other then this, the company has also announced that it would also raise about Rs 1,800 crore through right issue to meets its fund requirements.
On the sectoral front Consumer Durable, Realty and IT indices are facing buying pressure with the growth of 5.50%, and 5.04% and 4.86% respectively from their last closing. Market breadth is positive as 1446 stocks are trading in positive territory while nearly 894 stocks are in negative.
At 1.30PM, the BSE Sensex is trading higher by 405 points at 10628.66 and NSE Nifty is up by 95 points at 3217.9.
The BSE Mid Cap is trading up by 57.3 points at 3563.71 and Small cap is trading higher by 47.2 points at 4160.08.
Gainers from the Sensex pack are Jaiprakash Associates up by (13%) at Rs76.50 along with Satyam computers by (7.89%) at Rs311.80, Reliance communication by (7.32%) at Rs249.10, Reliance Infra by (6.63%) at Rs513.50, TCS Ltd by (6.31%) at Rs528.50, ICICI bank by (6.03%) at Rs435.90, Reliance Ind by (5.81%) at Rs1398 and Sterlite Industries by (5.01%) at Rs285.
The BSE Consumer Durable index is trading higher by 122.85 points at 2208.13. Major gainers are Titan Industries by (10.91%) at Rs942 followed by Videocon Industries by (6.38%) at Rs140 and Rajesh Exports by (4.35%) at Rs24.
The BSE Realty index is jumped by 130.35 points at 2560.96. Scrips trading higher are INDBUL Real by (19.67%) at Rs128.35, followed by HDFC by (14.05%) at Rs145.70, Mahindra Life by (9.82%) at Rs269, Orbitco by (7.64%) at Rs75.40, Anant Raj Ind by (5.58%) at Rs70 and Parsvnath by (4.35%) at Rs67.20
The BSE IT index is trading higher by 134.62 points at 2876.08. Scrips trading higher are Tech Mahindra by (9.87%) at Rs407 followed by TCS by (9.42%) at Rs544, Satayam Computer by (8.84%) at Rs314.55, Oracle Fin by (8%) at Rs481 and HCL Tech by (5.84%) at Rs183.
During the session Realty major Jaiprakash Associate is trading higher by (12.70%) at Rs76.30 on account of nearly 96%yoy growth in net profit of Rs203.13crores for the quarter ended September’08. Addition to this, for the six months ended September 30, the company reported a net profit of Rs 330.39crores, a 35.70% raise over the previous year. Further, Jaiprakash Associates also declared the first interim dividend of 30 paise. Other then this, the company has also announced that it would also raise about Rs 1,800 crore through right issue to meets its fund requirements.
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