The markets are trading off from day’s high after discounting the RBI’s rate cut in the mid-session by 100 bps to 8%. The cut in repo rate was expected by the banks on the day of credit policy during this week, but a prior cut was surprising. However, RBI signaled on global financial situation being uncertain and unsettled, for which there will be continuous measure to maintain stability in the market. Buying interest was seen in shares of IT, Bankex, Teck and Metal, whereas the shares in realty, power and auto are trading in negative territory.
The European Markets opened positive as the FTSE 100 and DAX Index are up by over 1.78% and 1.71% respectively.
The BSE Sensex is now trading above the 10100 mark and the NSE Nifty above the 3000 mark.
The BSE Mid Cap and the BSE Small Cap plunged and are trading with a loss of 1.2% and 1.4% respectively.
The overall market breadth is negative as 882 stocks are advancing while 1593 stocks are declining in BSE.
Infosys Technologies reported as the top Gainer from the BSE Sensex pack. It is trading higher by (6.27%) at Rs.1278.00 followed by Wipro Ltd gained by (5.59%) at Rs.272.00.
At 2.30 PM BSE Sensex is at 10048 up by 73 points and Nifty is at 3069 down by 5.1 points.
The BSE Mid Cap is lower by 59 points at 3485.68 and BSE Small Cap is losing by 72 points to 4095.03.
The BSE IT index is the top gainer, trading with a gain of 137.65 points at 2674.92. The main gainers are Mphasis Ltd up by (6.90%) at Rs.185.95, Wipro Ltd increased by (6.75%) at Rs.275.00 followed by HCL tech by (6.73%) to Rs.167.40 and Rolta India by (6.41%) at Rs180.90.
The most active shares on NSE are Reliance Ind trading at Rs.1313.05 with a total traded quantity of 5884387 shares followed by Reliance Capital trading at Rs.638.00 with a total traded quantity of 6855295 shares.
The European Markets opened positive as the FTSE 100 and DAX Index are up by over 1.78% and 1.71% respectively.
The BSE Sensex is now trading above the 10100 mark and the NSE Nifty above the 3000 mark.
The BSE Mid Cap and the BSE Small Cap plunged and are trading with a loss of 1.2% and 1.4% respectively.
The overall market breadth is negative as 882 stocks are advancing while 1593 stocks are declining in BSE.
Infosys Technologies reported as the top Gainer from the BSE Sensex pack. It is trading higher by (6.27%) at Rs.1278.00 followed by Wipro Ltd gained by (5.59%) at Rs.272.00.
At 2.30 PM BSE Sensex is at 10048 up by 73 points and Nifty is at 3069 down by 5.1 points.
The BSE Mid Cap is lower by 59 points at 3485.68 and BSE Small Cap is losing by 72 points to 4095.03.
The BSE IT index is the top gainer, trading with a gain of 137.65 points at 2674.92. The main gainers are Mphasis Ltd up by (6.90%) at Rs.185.95, Wipro Ltd increased by (6.75%) at Rs.275.00 followed by HCL tech by (6.73%) to Rs.167.40 and Rolta India by (6.41%) at Rs180.90.
The most active shares on NSE are Reliance Ind trading at Rs.1313.05 with a total traded quantity of 5884387 shares followed by Reliance Capital trading at Rs.638.00 with a total traded quantity of 6855295 shares.
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