The markets though open lower on the back of negative cues from the US markets but suddenly went higher as some volatility strikes the markets. The significant buying is seen among the Oil & Gas, FMCG, Pharma and Power stocks. However, the Auto, Metal, Banking, IT and realty stocks are under pressure in the opening trade. The BSE Mid Cap and the Small Cap are also trading lower and in line with the benchmark index in the early trade.
The Asian markets are also trading mixed as Nikkei is trading lower by 0.50% while Hang Seng and the Straight Times index are trading higher by 1.35% and 0.06% respectively.
The BSE Sensex is now trading below the 9,700 mark and the NSE Nifty around the 2,900 mark.
The US stock market on Thursday, continued its negative terrain and ended in deep red due to economic concern and terrible retail sales data. The weekly jobless claims continue reflecting weak labor market and retailers reported weak monthly same-store sales data. The Dow Jones Industrial Average (DJIA) dropped by 443.48 points to close at 8,695.79. The NASDAQ Composite (RIXF) index decreased by 72.94 points to close at 1,608.70 and the S&P 500 (SPX) dropped by 47.89 points to close at 904.88.
The overall market breadth is negative as 556 stocks are advancing whereas 953 stocks are declining on BSE.
Grasim Industries reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (2.04%) at Rs.1,045 while Mahindra & Mahindra reported the top loser down by (7.96%) at Rs.349.
At 10.33AM, the BSE Sensex was down by 44.42 points at 9,689.80 and the Nifty was up by 7.40 points to 2,900.50.
The BSE Mid Cap decreased by 0.84 points to 3,290.55 and the BSE Small Cap slipped by 0.42 points to 3,864.09.
BSE Oil & Gas index is trading higher by 94.65 points or (1.63%) to trade at 5,911.59. The top gainers are HPCL increased by (6.19%) to Rs.213.70, BPCL up by (3.96%) to Rs.323.15, Indian Oil inclined by (3%) to Rs.353.20 followed by ONGC grew by (1.51%) to Rs. 755.
BSE Metal index slipped by 159.18 points or (3.19%) to trade at 4,834.26. The major losers are JSW Steel declined by (7.03%) to Rs.279.80, Ispat Industries down by (3.82%) to Rs.11.34, Tata Steel decreased by (3.84%) to Rs.179.10 followed by Sesa Goa fell by (3.23%) to Rs.75.
NTPC is trading higher by (1.35%) at Rs. 146.35. The country''s largest power generator, is planning to diversify into cement manufacturing and is looking for a joint venture partner to set up four units in different parts of the country.
The Asian markets are also trading mixed as Nikkei is trading lower by 0.50% while Hang Seng and the Straight Times index are trading higher by 1.35% and 0.06% respectively.
The BSE Sensex is now trading below the 9,700 mark and the NSE Nifty around the 2,900 mark.
The US stock market on Thursday, continued its negative terrain and ended in deep red due to economic concern and terrible retail sales data. The weekly jobless claims continue reflecting weak labor market and retailers reported weak monthly same-store sales data. The Dow Jones Industrial Average (DJIA) dropped by 443.48 points to close at 8,695.79. The NASDAQ Composite (RIXF) index decreased by 72.94 points to close at 1,608.70 and the S&P 500 (SPX) dropped by 47.89 points to close at 904.88.
The overall market breadth is negative as 556 stocks are advancing whereas 953 stocks are declining on BSE.
Grasim Industries reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (2.04%) at Rs.1,045 while Mahindra & Mahindra reported the top loser down by (7.96%) at Rs.349.
At 10.33AM, the BSE Sensex was down by 44.42 points at 9,689.80 and the Nifty was up by 7.40 points to 2,900.50.
The BSE Mid Cap decreased by 0.84 points to 3,290.55 and the BSE Small Cap slipped by 0.42 points to 3,864.09.
BSE Oil & Gas index is trading higher by 94.65 points or (1.63%) to trade at 5,911.59. The top gainers are HPCL increased by (6.19%) to Rs.213.70, BPCL up by (3.96%) to Rs.323.15, Indian Oil inclined by (3%) to Rs.353.20 followed by ONGC grew by (1.51%) to Rs. 755.
BSE Metal index slipped by 159.18 points or (3.19%) to trade at 4,834.26. The major losers are JSW Steel declined by (7.03%) to Rs.279.80, Ispat Industries down by (3.82%) to Rs.11.34, Tata Steel decreased by (3.84%) to Rs.179.10 followed by Sesa Goa fell by (3.23%) to Rs.75.
NTPC is trading higher by (1.35%) at Rs. 146.35. The country''s largest power generator, is planning to diversify into cement manufacturing and is looking for a joint venture partner to set up four units in different parts of the country.
No comments:
Post a Comment