The markets today open higher on the back of positive global cues. But the market lost its momentum and slipped down as volatility strikes the market. The buying momentum is seen among the selective scrips mainly led by the Metal, Capital Goods and Consumer Durables stocks. However, the IT, FMCG, Auto, Oil & Gas and Banking stocks are facing the selling pressure in the early trade.
The BSE Sensex is now trading below the 8,700 mark and the NSE Nifty is trading below the 2,650 mark.
The Asian markets are also trading mixed as Hang Seng, Nikkei, Shanghai Composite and Straits Times index are trading higher by (1.41%), (0.99%), (1.69%) and (0.90%) respectively. However, the KLSE Composite and Seoul Composite index are trading lower by (0.32%) and (0.85%).
The US stock market on Tuesday, rebounded from the yesterday’s massive fall after General Electric gave a better-than-feared business update and as automakers outlined its plan for government aid to survive. Further the Federal Reserve extended terms of three emergency loan programs in order to increase liquidity for asset backed commercial paper and financial firms. The Dow Jones Industrial Average (DJIA) surged by 270 points to close at 8,419.09. The NASDAQ Composite (RIXF) index increased by 51.73 points to close at 1,449.80 and the S&P 500 (SPX) grew by 32.60 points to close at 848.81.
Tata Steel reported a top gainer among the BSE Sensex pack up by (6.69%) at Rs. 158.60 while Mahindra & Mahindra reported the top loser down by (3.12%) at RS. 242.
The overall market breadth remains positive as 580 stocks are advancing while 417 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was down by 78.81 points at 8,660.43 and the Nifty was down by 28.10 points to 2,629.70.
The BSE Mid Cap increased by 12.82 points to 2,818.15 and the BSE Small Cap advanced by 7.43 points to 3,259.84.
BSE Metal index is trading higher by 100.42 points or (2.33%) to trade at 4,405.32. The top gainers are Tata Steel increased by (6.69%) to Rs.158.60, Sesa Goa up by (5.05%) to Rs.77, Ispat Industries inclined by (4.36%) to Rs.10.29 followed by JSW Steel grew by (4.22%) to Rs. 182.95.
BSE Capital Goods index is trading higher by 72.94 points or (1.21%) to trade at 6,094.43. The major gainers are Bharat Electrical inclined by (3.14%) to Rs. 625, Gammon India up by (2.08%) to Rs.54, Praj Industries increased by (1.19%) to Rs.55.20 followed by Punj Lloyd grew by (1.01%) to Rs.135.40.
L&T is trading higher by (1.10%) at Rs. 687.30. The company is showing interest in becoming a partner in NTPC and BHEL Power Projects, a joint venture between NTPC and Bharat Heavy Electricals to manufacture power plant equipment.
The BSE Sensex is now trading below the 8,700 mark and the NSE Nifty is trading below the 2,650 mark.
The Asian markets are also trading mixed as Hang Seng, Nikkei, Shanghai Composite and Straits Times index are trading higher by (1.41%), (0.99%), (1.69%) and (0.90%) respectively. However, the KLSE Composite and Seoul Composite index are trading lower by (0.32%) and (0.85%).
The US stock market on Tuesday, rebounded from the yesterday’s massive fall after General Electric gave a better-than-feared business update and as automakers outlined its plan for government aid to survive. Further the Federal Reserve extended terms of three emergency loan programs in order to increase liquidity for asset backed commercial paper and financial firms. The Dow Jones Industrial Average (DJIA) surged by 270 points to close at 8,419.09. The NASDAQ Composite (RIXF) index increased by 51.73 points to close at 1,449.80 and the S&P 500 (SPX) grew by 32.60 points to close at 848.81.
Tata Steel reported a top gainer among the BSE Sensex pack up by (6.69%) at Rs. 158.60 while Mahindra & Mahindra reported the top loser down by (3.12%) at RS. 242.
The overall market breadth remains positive as 580 stocks are advancing while 417 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was down by 78.81 points at 8,660.43 and the Nifty was down by 28.10 points to 2,629.70.
The BSE Mid Cap increased by 12.82 points to 2,818.15 and the BSE Small Cap advanced by 7.43 points to 3,259.84.
BSE Metal index is trading higher by 100.42 points or (2.33%) to trade at 4,405.32. The top gainers are Tata Steel increased by (6.69%) to Rs.158.60, Sesa Goa up by (5.05%) to Rs.77, Ispat Industries inclined by (4.36%) to Rs.10.29 followed by JSW Steel grew by (4.22%) to Rs. 182.95.
BSE Capital Goods index is trading higher by 72.94 points or (1.21%) to trade at 6,094.43. The major gainers are Bharat Electrical inclined by (3.14%) to Rs. 625, Gammon India up by (2.08%) to Rs.54, Praj Industries increased by (1.19%) to Rs.55.20 followed by Punj Lloyd grew by (1.01%) to Rs.135.40.
L&T is trading higher by (1.10%) at Rs. 687.30. The company is showing interest in becoming a partner in NTPC and BHEL Power Projects, a joint venture between NTPC and Bharat Heavy Electricals to manufacture power plant equipment.
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