The buyers are back in market, trigged by strong global cues. It was also supported by gains in Asian market which was fueled by China’s massive economic stimulus package of 586 billion dollar i,e,. near about half a trillion, to fight against global financial crisis. Further, the Economic officials from G-20 group of industrialized nations, noted that the global crisis requires global solutions and a common set of principles. The groups stand ready to urgently take forward work and action so as to restore and maintain financial stability and support global growth and maintaining recent achievement in poverty reduction and social inclusion.
On the sectoral front, traders on-loaded positions in all of the sectors. Metal stocks were up sharply on hopes that Chinese demand will rise after the stimulus package. This move is expected to boost global demand for steel and non-ferrous products in near future. The Index was the worst hit during the last couple of sessions. However, IT stocks were mixed as gains in rupee were offset by firm American depository receipts (ADRs).
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2457 shares, 1611 shares advanced while 778 shares declined. Nearly 68 shares are unchanged.
At 1.30PM, the BSE Sensex is trading higher by 438.95 points at 10403.24 and NSE Nifty is up by 131.8 points at 3104.8.
The BSE Mid Cap is trading higher by 107.81 points at 3463.2 and Small cap is trading up by 78.28 points at 3978.38.
Gainers from the BSE Sensex Pack are Sterlite In up by (16.64%) at Rs.287.10 along with Tata Steel by (12.99%) at Rs.214.80, BHEL by (7.29%) at Rs.1,507.50, ICICI Bank by (6.59%) at Rs.459.65 and Jaiprakash Asso by (6.27%) at Rs.93.20.
The BSE Metal is up by 517.48 points at 5669.81. Gainers are Sterlite In up by (16.64%) at Rs.287.10, along with Hindustan Zinc by (15.94%) by Rs.365.55, Tata Steel by (12.99%) at Rs.214.80, Jindal Steel by (12.93%) at Rs.833.00 and NALCO by (10.29%) at Rs.182.80.
The BSE Capital Goods index is up by 451.40 points at 8086.81. Stocks trading higher are Praj Indus up by (14.00%) at Rs.82.25 along with Siemens by (8.58%) at Rs.320.95, Jyoti Structure by (8.56%) at Rs.68.50, Alstom Project by (8.51%) at Rs.280.55 and BHEL by (7.29%) at Rs.1,507.50.
The BSE Power index is up by 103.49 points at 1881.06. Stocks trading higher are Tornt Power up by (14.60%) at Rs.86.35 along with GMR Infra by (10.30%) at Rs.74.45, Lanco Infra by (8.91%) at Rs.184.00, Neyveli Lig by (8.77%) at Rs.70.10 and Siemens by (8.58%) at Rs.320.95.
On the sectoral front, traders on-loaded positions in all of the sectors. Metal stocks were up sharply on hopes that Chinese demand will rise after the stimulus package. This move is expected to boost global demand for steel and non-ferrous products in near future. The Index was the worst hit during the last couple of sessions. However, IT stocks were mixed as gains in rupee were offset by firm American depository receipts (ADRs).
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2457 shares, 1611 shares advanced while 778 shares declined. Nearly 68 shares are unchanged.
At 1.30PM, the BSE Sensex is trading higher by 438.95 points at 10403.24 and NSE Nifty is up by 131.8 points at 3104.8.
The BSE Mid Cap is trading higher by 107.81 points at 3463.2 and Small cap is trading up by 78.28 points at 3978.38.
Gainers from the BSE Sensex Pack are Sterlite In up by (16.64%) at Rs.287.10 along with Tata Steel by (12.99%) at Rs.214.80, BHEL by (7.29%) at Rs.1,507.50, ICICI Bank by (6.59%) at Rs.459.65 and Jaiprakash Asso by (6.27%) at Rs.93.20.
The BSE Metal is up by 517.48 points at 5669.81. Gainers are Sterlite In up by (16.64%) at Rs.287.10, along with Hindustan Zinc by (15.94%) by Rs.365.55, Tata Steel by (12.99%) at Rs.214.80, Jindal Steel by (12.93%) at Rs.833.00 and NALCO by (10.29%) at Rs.182.80.
The BSE Capital Goods index is up by 451.40 points at 8086.81. Stocks trading higher are Praj Indus up by (14.00%) at Rs.82.25 along with Siemens by (8.58%) at Rs.320.95, Jyoti Structure by (8.56%) at Rs.68.50, Alstom Project by (8.51%) at Rs.280.55 and BHEL by (7.29%) at Rs.1,507.50.
The BSE Power index is up by 103.49 points at 1881.06. Stocks trading higher are Tornt Power up by (14.60%) at Rs.86.35 along with GMR Infra by (10.30%) at Rs.74.45, Lanco Infra by (8.91%) at Rs.184.00, Neyveli Lig by (8.77%) at Rs.70.10 and Siemens by (8.58%) at Rs.320.95.
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