The domestic markets open higher tracking gains from some Asian markets. BSE Sensex regained its 10,000 level and is trading above 10,200 mark along with NSE Nifty trading above 3,100 level. Markets rebounded from previous week’s sharp sell off that forced them to touch the lowest in two years. Government is continuously planning more efforts to improve the liquidity further. Most of the buying is seen in Metal, IT, Bank, Oil & Gas, Capital Goods and FMCG stocks. However, Consumer Durables stocks are under pressure.
Friday US market ended lower after a volatile session. Market tumbled after the U.S. reported new-home building fell to a 17-year low. Consumer confidence was also a dampener for the market as fell by the most on record Housing starts in September plunged 6.3% to an annual rate of 817,000 units, which was in the lowest level since January 1991. Investors were confused even after Warren Buffett indicated he was buying stocks and will continue to do so as stocks remain attractive.
The BSE Mid Cap and the BSE Small Cap stocks are not able to gain market favor in early trade.
The overall market breadth is negative as 920 stocks are declining whereas 744 stocks are advancing on BSE.
Wipro Ltd reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (8.70%) at Rs.280 while top loser is Grasim Industries as it is trading with loss of (6.83%) at Rs.1,205.
At 10.32AM, the BSE Sensex was up by 258 points at 10,233.4 and the Nifty was higher by 60.2 points to 3,134.6.
The BSE Mid Cap marginally decreased by 2.6 points to 3,542.22 and the BSE Small Cap dropped by 7.7 points to 4,160.1.
BSE Metal index gained 158.74 points to trade at 5,960.45. The major gainers are Welspan Gujarat SR, Gujarat NRE C, Jindal Steel and Nalco increased by (5.93%), (4.67%), (4.41%) and (4.14%) to Rs.133, Rs.33.6, Rs.814.3 and Rs.275.7 respectively.
BSE Bank index is trading higher by 137.9 points to trade at 5,684.59. The top gainers are HDFC Bank increased by (4.58%) to Rs.1,071, ICICI Bank up by (1.16%) to Rs.408, Karnataka Bank by (2.54%) to Rs.88.8 followed by Federal Bank advanced by (1.43%) to Rs.167.
Friday US market ended lower after a volatile session. Market tumbled after the U.S. reported new-home building fell to a 17-year low. Consumer confidence was also a dampener for the market as fell by the most on record Housing starts in September plunged 6.3% to an annual rate of 817,000 units, which was in the lowest level since January 1991. Investors were confused even after Warren Buffett indicated he was buying stocks and will continue to do so as stocks remain attractive.
The BSE Mid Cap and the BSE Small Cap stocks are not able to gain market favor in early trade.
The overall market breadth is negative as 920 stocks are declining whereas 744 stocks are advancing on BSE.
Wipro Ltd reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (8.70%) at Rs.280 while top loser is Grasim Industries as it is trading with loss of (6.83%) at Rs.1,205.
At 10.32AM, the BSE Sensex was up by 258 points at 10,233.4 and the Nifty was higher by 60.2 points to 3,134.6.
The BSE Mid Cap marginally decreased by 2.6 points to 3,542.22 and the BSE Small Cap dropped by 7.7 points to 4,160.1.
BSE Metal index gained 158.74 points to trade at 5,960.45. The major gainers are Welspan Gujarat SR, Gujarat NRE C, Jindal Steel and Nalco increased by (5.93%), (4.67%), (4.41%) and (4.14%) to Rs.133, Rs.33.6, Rs.814.3 and Rs.275.7 respectively.
BSE Bank index is trading higher by 137.9 points to trade at 5,684.59. The top gainers are HDFC Bank increased by (4.58%) to Rs.1,071, ICICI Bank up by (1.16%) to Rs.408, Karnataka Bank by (2.54%) to Rs.88.8 followed by Federal Bank advanced by (1.43%) to Rs.167.
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