The markets today opened significantly higher on the back of positive cues from the US markets but could not able to sustain its momentum for a long time and suddenly slipped below to trade in the negative territory. The selling pressure is seen among the Oil & Gas, Realty, Banking and Capital Goods stocks. However, the IT, FMCG and Auto stocks are trading higher in the opening trade. Most Asian markets are shut today while Nikkei rose 0.75% and Taiwan 0.71%.
Tuesday, the US stock market blasted back with the S&P 500 registered its best day in six years after having its worst day in 21 years on Monday on optimism that the government will reach an agreement about the rescue plan before the end of the week. The Dow Jones Industrial Average (DJIA) surged by 485.21 points to close at 10,850.66. The S&P 500 (SPX) index increased by 58.32 points to close at 1,164.74 and the NASDAQ Composite (RIXF) grew 98.60 points to close at 2,082.33.
The BSE Sensex is now trading below the 12800 level and the NSE Nifty below the 3900 mark in the opening trade.
The BSE Mid Cap and the BSE Small Cap stocks are however trading flat in the early trade.
The overall market breadth is negative as 805 stocks are advancing whereas 839 stocks are declining on BSE.
Ranbaxy Lab reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (5.51%) at Rs.261.40 followed by Satyam Computer up by (3.67%) at Rs.307.50.
At 10.30AM, the BSE Sensex was down by 107.14 points at 12,752.79 and the Nifty was down by 44.05 points to 3,877.15.
The BSE Mid Cap decreased by 18.76 points to 4,779.53 and the BSE Small Cap is trading marginally higher by 8.57 points to 5,586.04.
BSE Oil & Gas index dropped by 135.08 points or (1.49%) to trade at 8,904.20. The top losers are BPCL decreased by (2.18%) to Rs.352.65, Indian Oil down by (2.01%) to Rs.397, Aban Offshore declined by (1.99%) to Rs.2,009 followed by HPCL fell by (1.49%) to Rs.238.75.
BSE IT index advanced by 51.46 points or (1.66%) to trade at 3,146.54. The major gainers are Satyam Computer, Tech Mahindra, Infosys Technologies and HCL Technologies grew by (3.51%), (3.36%), (2.46%) and (1.88%) to Rs.307, Rs.636, Rs.1,431.90 and Rs.198 respectively.
Tata Motors is trading higher by (0.23%) at Rs.344.70. The company in order to strengthen its position in the entry sedan segment, has launched three new variants of the Indigo CS model on Monday.
Maruti Suzuki is trading higher by (0.70%) at Rs.695. The company is now planning to set up new R&D Center in an attempt to strengthen its Research and Development base in India.
Tuesday, the US stock market blasted back with the S&P 500 registered its best day in six years after having its worst day in 21 years on Monday on optimism that the government will reach an agreement about the rescue plan before the end of the week. The Dow Jones Industrial Average (DJIA) surged by 485.21 points to close at 10,850.66. The S&P 500 (SPX) index increased by 58.32 points to close at 1,164.74 and the NASDAQ Composite (RIXF) grew 98.60 points to close at 2,082.33.
The BSE Sensex is now trading below the 12800 level and the NSE Nifty below the 3900 mark in the opening trade.
The BSE Mid Cap and the BSE Small Cap stocks are however trading flat in the early trade.
The overall market breadth is negative as 805 stocks are advancing whereas 839 stocks are declining on BSE.
Ranbaxy Lab reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (5.51%) at Rs.261.40 followed by Satyam Computer up by (3.67%) at Rs.307.50.
At 10.30AM, the BSE Sensex was down by 107.14 points at 12,752.79 and the Nifty was down by 44.05 points to 3,877.15.
The BSE Mid Cap decreased by 18.76 points to 4,779.53 and the BSE Small Cap is trading marginally higher by 8.57 points to 5,586.04.
BSE Oil & Gas index dropped by 135.08 points or (1.49%) to trade at 8,904.20. The top losers are BPCL decreased by (2.18%) to Rs.352.65, Indian Oil down by (2.01%) to Rs.397, Aban Offshore declined by (1.99%) to Rs.2,009 followed by HPCL fell by (1.49%) to Rs.238.75.
BSE IT index advanced by 51.46 points or (1.66%) to trade at 3,146.54. The major gainers are Satyam Computer, Tech Mahindra, Infosys Technologies and HCL Technologies grew by (3.51%), (3.36%), (2.46%) and (1.88%) to Rs.307, Rs.636, Rs.1,431.90 and Rs.198 respectively.
Tata Motors is trading higher by (0.23%) at Rs.344.70. The company in order to strengthen its position in the entry sedan segment, has launched three new variants of the Indigo CS model on Monday.
Maruti Suzuki is trading higher by (0.70%) at Rs.695. The company is now planning to set up new R&D Center in an attempt to strengthen its Research and Development base in India.
No comments:
Post a Comment