The markets today open sharply higher on the back of positive global cues and a sharp fall in the inflation figure. But suddenly the market gave up most of its opening gains as selling pressure emerged among the selective scrips mainly led by the IT, FMCG, Auto and Capital Goods stocks. However, the Realty, Banking, Metal, Power and Oil & Gas stocks are on the buyers ride today.
The inflation for the week ended November 1 slipped back to the single digit figure to stood at 8.98% after five months, due to lower industrial oil, commodity and food prices.
The Asian markets are also trading with significant gains as Nikkei, Hang Sang, Shanghai Composite and Straits Times index are trading higher by 3.56%, 3.02%, 1.20% and 1.76% respectively.
The US stock market on Thursday, bounced back from the 5 ½ year low as investor’s starts bargain hunting of shares. The weekly jobless claims for the week ended Nov. 8 stood at 516,000, which is a seven-year high. The Dow Jones Industrial Average (DJIA) surged by 552.59 points to close at 8,835.25. The NASDAQ Composite (RIXF) index increased by 97.49 points to close at 1,596.70 and the S&P 500 (SPX) grew by 58.99 points to close at 911.29.
The overall market breadth is positive as 893 stocks are advancing whereas 421 stocks are declining on BSE.
DLF reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (3.76%) at Rs.253.80 while Wipro reported the top loser down by (4.34%) at Rs.236.80.
At 10.33AM, the BSE Sensex was up by 10.20 points at 9,546.53 and the Nifty was up by 21.15 points to 2,869.60.
The BSE Mid Cap increased by 5.25 points to 3,286.52 and the BSE Small Cap advanced by 19.81 points to 3,833.19.
BSE Realty index is trading higher by 92.69 points or (4.53%) to trade at 2,139.33. The top gainers are India Bull Real increased by (5.91%) to Rs.119.25, HDIL up by (4.24%) to Rs.113.20, DLF inclined by (3.76%) to Rs.253.80 followed by Unitech grew by (3.47%) to Rs. 50.70.
BSE Bank index is trading higher by 151.08 points or (2.91%) to trade at 5,338.75. The major gainers are Kotak Bank inclined by (3.97%) to Rs.402.95, SBI up by (3.28%) to Rs.1,214, IDBI Bank increased by (2.98%) to Rs.67.40 followed by HDFC Bank grew by (2.94%) to Rs.1,037.55.
BHEL is trading higher by (1.27%) at Rs. 1,353. BHEL is looking to tie up with private sector engineering major Larsen & Toubro (L&T) to jointly set up new-generation Light Water Reactor-based (LWR) capacities in the future.
The inflation for the week ended November 1 slipped back to the single digit figure to stood at 8.98% after five months, due to lower industrial oil, commodity and food prices.
The Asian markets are also trading with significant gains as Nikkei, Hang Sang, Shanghai Composite and Straits Times index are trading higher by 3.56%, 3.02%, 1.20% and 1.76% respectively.
The US stock market on Thursday, bounced back from the 5 ½ year low as investor’s starts bargain hunting of shares. The weekly jobless claims for the week ended Nov. 8 stood at 516,000, which is a seven-year high. The Dow Jones Industrial Average (DJIA) surged by 552.59 points to close at 8,835.25. The NASDAQ Composite (RIXF) index increased by 97.49 points to close at 1,596.70 and the S&P 500 (SPX) grew by 58.99 points to close at 911.29.
The overall market breadth is positive as 893 stocks are advancing whereas 421 stocks are declining on BSE.
DLF reported the top gainer from the BSE Sensex pack, as it is trading with a gain of (3.76%) at Rs.253.80 while Wipro reported the top loser down by (4.34%) at Rs.236.80.
At 10.33AM, the BSE Sensex was up by 10.20 points at 9,546.53 and the Nifty was up by 21.15 points to 2,869.60.
The BSE Mid Cap increased by 5.25 points to 3,286.52 and the BSE Small Cap advanced by 19.81 points to 3,833.19.
BSE Realty index is trading higher by 92.69 points or (4.53%) to trade at 2,139.33. The top gainers are India Bull Real increased by (5.91%) to Rs.119.25, HDIL up by (4.24%) to Rs.113.20, DLF inclined by (3.76%) to Rs.253.80 followed by Unitech grew by (3.47%) to Rs. 50.70.
BSE Bank index is trading higher by 151.08 points or (2.91%) to trade at 5,338.75. The major gainers are Kotak Bank inclined by (3.97%) to Rs.402.95, SBI up by (3.28%) to Rs.1,214, IDBI Bank increased by (2.98%) to Rs.67.40 followed by HDFC Bank grew by (2.94%) to Rs.1,037.55.
BHEL is trading higher by (1.27%) at Rs. 1,353. BHEL is looking to tie up with private sector engineering major Larsen & Toubro (L&T) to jointly set up new-generation Light Water Reactor-based (LWR) capacities in the future.
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