The Indian market is facing the volatility since the initial bell tracking the expiry of the derivatives contract which is scheduled on Wednesday this week. The market though gets some momentum after the start on expectation of interest rate cuts by the Central bank along with the expectation of second stimulus package by the government to give a boost to the economy. Also the US auto bailout package that was announced by the government also added to the sentiments.
State Bank of India, India largest lender has slashed its lending rates by 75 basis point with effect from January 1, 2009. In line with this, the bank has cut its deposits rates by 25 to 100 basis points. From the sectoral front, Consumer Durables index are trading on the front foot with gains of more than 3.43%. Followed it are Realty and PSU index up by more than 1% each.
On the global market front, the European Markets are trading in negative as Dax Index is trading lower by 1.15% and FTSE 100 is down by 1.50%.
The broader markets are trading in positive terrain as the BSE Mid Cap and Small Cap are trading with gains of 21.45 points or (0.66%) and 11.59 points or (0.31%) at 3,285.44 and 3,755.61 respectively.
The overall market breadth is strong as 1371 stocks are advancing and 1003 stocks are declining.
M&M Ltd reported the top loser from the BSE Sensex pack. It is trading down by (5.04%) at Rs305 along with ICICI Bank by (4.04%) at Rs 452.9.
Tata Motors reported the top gainer from the BSE Sensex pack. It is trading up by (5.02%) at Rs188.30 along with DLF Ltd by (3.43%) at Rs 317.90.
At 2.30 PM BSE Sensex is at 10,009.56 down by 90.35 points and NSE Nifty is at 3,065.60 lower by 11.9 points.
The BSE Auto index is trading lower by 26.48 points or (1.03%) at 2,539.31 as M&M Ltd is trading down by 5.04% at Rs305 along with Ashok Leyland by 4.21% at Rs15.92, MAruti Suzuki by 3.10% at Rs532.50, Herohonda Motors by 2.05% at Rs805.10 and Exide Industries by 1.57% at Rs47.15.
The most active shares on NSE are DLF Ltd trading at Rs318.15 with a total traded quantity of 14305884 shares followed by Reliance trading at Rs1,315.25 with a total traded quantity of 3216753 shares.
State Bank of India, India largest lender has slashed its lending rates by 75 basis point with effect from January 1, 2009. In line with this, the bank has cut its deposits rates by 25 to 100 basis points. From the sectoral front, Consumer Durables index are trading on the front foot with gains of more than 3.43%. Followed it are Realty and PSU index up by more than 1% each.
On the global market front, the European Markets are trading in negative as Dax Index is trading lower by 1.15% and FTSE 100 is down by 1.50%.
The broader markets are trading in positive terrain as the BSE Mid Cap and Small Cap are trading with gains of 21.45 points or (0.66%) and 11.59 points or (0.31%) at 3,285.44 and 3,755.61 respectively.
The overall market breadth is strong as 1371 stocks are advancing and 1003 stocks are declining.
M&M Ltd reported the top loser from the BSE Sensex pack. It is trading down by (5.04%) at Rs305 along with ICICI Bank by (4.04%) at Rs 452.9.
Tata Motors reported the top gainer from the BSE Sensex pack. It is trading up by (5.02%) at Rs188.30 along with DLF Ltd by (3.43%) at Rs 317.90.
At 2.30 PM BSE Sensex is at 10,009.56 down by 90.35 points and NSE Nifty is at 3,065.60 lower by 11.9 points.
The BSE Auto index is trading lower by 26.48 points or (1.03%) at 2,539.31 as M&M Ltd is trading down by 5.04% at Rs305 along with Ashok Leyland by 4.21% at Rs15.92, MAruti Suzuki by 3.10% at Rs532.50, Herohonda Motors by 2.05% at Rs805.10 and Exide Industries by 1.57% at Rs47.15.
The most active shares on NSE are DLF Ltd trading at Rs318.15 with a total traded quantity of 14305884 shares followed by Reliance trading at Rs1,315.25 with a total traded quantity of 3216753 shares.
No comments:
Post a Comment