Market dwindling on nearing of the monthly derivative settlement, which is expected to be on Wednesday, 24 December 2008, as the market will remain close on Thursday, 25 December 2008 for Christmas. The bull Further, the market caught in negative due to weak performance of in Asian stocks on the other hand rate cut by State Bank of India gave some positive sense.
On the sectoral front, the market is trading mix. Realty Stocks advanced on hopes of lower rate that will in turn boost the housing demand. Oil&Gas stocks trading mix on speculation that Organization for Petroleum Exporting Countries (OPEC) proposed rate cuts next month and upcoming US economic stimulus plans will reduce global stockpiles. In addition to this, the Oil futures are picking up on the New York Mercantile Exchange.
Meanwhile, Auto stocks which were beaten down sharply, are trading mix on hopes that lower rates and fall in oil prices would bring buyers back. Likewise, the Banking stocks were also trading mixed.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,356 stocks traded so far, 1,478 shares advanced while 801 shares declined. Nearly 77 shares are unchanged.
At 1.30PM, the BSE Sensex is trading lower by 1.56 points at 10,098.34 and NSE Nifty is up by 8.25 points at 3,085.75.
The BSE Mid Cap is trading higher by 44.98 points at 3,308.97 and Small cap is trading up by 36.26 points at 3,780.29.
Gainers from the BSE Sensex Pack are DLF galloped by (5.25%) at Rs.323.50 along with Tata Motors by (5.13%) at Rs.188.50, ONGC by (4.20%) at Rs.738.95, RCom by (3.66%) at Rs.223.90, Jaiprakash Associates by (3.31%) at Rs.92.15, Reliance Infra by (2.61%) at Rs.635.00 and Sterlite Ind by (2.08%) at Rs.286.55 among others.
Losers from the BSE Sensex Pack are ICICI Bank lower by (2.12%) at Rs.461.95 along with Housing Development Finance Corporation by (1.88%) at Rs.1,492.10, Hindustan Unilever by (0.73%) at Rs.263.50 and BHEL by (0.50%) at Rs.1,430.60 among others.
The BSE Realty index is higher by 117.44 points or (4.65%) at 2,642.78. Stocks trading higher are Unitech Ltd up by (9.60%) at Rs.48.50, Anant Raj ind by (7.19%) at Rs.89.40, DLF Ltd by (5.25%) at Rs.323.50, Parsvnath by (4.09%) at Rs.52.15, Orbitco by (3.51%) at Rs.70.80 and Sobha Dev by (3.42%) at Rs.121.00 among others.
The BSE Health Care index is lower by 13.26 points or (0.45%) at 2,947.41. Stocks trading lower are Cipla Ltd by (3.86%) at Rs.185.40 along with Sun Pharma by (2.03%) at Rs.1,066.00, Prizer Ltd by (1.15%) at Rs.503.00 and Lupin Ltd by (0.57%) at Rs.597.40.
GMR Infrastructure gained 2.59% to Rs.73.35, on increase in promoters'' stake in the company.
Tata Motors up by 5.08% to Rs.188.40, on reports it has agreed to inject tens of millions of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis.
EIH gained 1.63% to Rs.137.30, after a block deal of 27.20 lakh shares was executed on BSE at Rs 138 a share.
State Bank of India gained 1.34% to Rs.1,304.90, on hopes lower lending rates will accelerate loan growth.
On the sectoral front, the market is trading mix. Realty Stocks advanced on hopes of lower rate that will in turn boost the housing demand. Oil&Gas stocks trading mix on speculation that Organization for Petroleum Exporting Countries (OPEC) proposed rate cuts next month and upcoming US economic stimulus plans will reduce global stockpiles. In addition to this, the Oil futures are picking up on the New York Mercantile Exchange.
Meanwhile, Auto stocks which were beaten down sharply, are trading mix on hopes that lower rates and fall in oil prices would bring buyers back. Likewise, the Banking stocks were also trading mixed.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,356 stocks traded so far, 1,478 shares advanced while 801 shares declined. Nearly 77 shares are unchanged.
At 1.30PM, the BSE Sensex is trading lower by 1.56 points at 10,098.34 and NSE Nifty is up by 8.25 points at 3,085.75.
The BSE Mid Cap is trading higher by 44.98 points at 3,308.97 and Small cap is trading up by 36.26 points at 3,780.29.
Gainers from the BSE Sensex Pack are DLF galloped by (5.25%) at Rs.323.50 along with Tata Motors by (5.13%) at Rs.188.50, ONGC by (4.20%) at Rs.738.95, RCom by (3.66%) at Rs.223.90, Jaiprakash Associates by (3.31%) at Rs.92.15, Reliance Infra by (2.61%) at Rs.635.00 and Sterlite Ind by (2.08%) at Rs.286.55 among others.
Losers from the BSE Sensex Pack are ICICI Bank lower by (2.12%) at Rs.461.95 along with Housing Development Finance Corporation by (1.88%) at Rs.1,492.10, Hindustan Unilever by (0.73%) at Rs.263.50 and BHEL by (0.50%) at Rs.1,430.60 among others.
The BSE Realty index is higher by 117.44 points or (4.65%) at 2,642.78. Stocks trading higher are Unitech Ltd up by (9.60%) at Rs.48.50, Anant Raj ind by (7.19%) at Rs.89.40, DLF Ltd by (5.25%) at Rs.323.50, Parsvnath by (4.09%) at Rs.52.15, Orbitco by (3.51%) at Rs.70.80 and Sobha Dev by (3.42%) at Rs.121.00 among others.
The BSE Health Care index is lower by 13.26 points or (0.45%) at 2,947.41. Stocks trading lower are Cipla Ltd by (3.86%) at Rs.185.40 along with Sun Pharma by (2.03%) at Rs.1,066.00, Prizer Ltd by (1.15%) at Rs.503.00 and Lupin Ltd by (0.57%) at Rs.597.40.
GMR Infrastructure gained 2.59% to Rs.73.35, on increase in promoters'' stake in the company.
Tata Motors up by 5.08% to Rs.188.40, on reports it has agreed to inject tens of millions of pounds into Jaguar Land Rover to prevent an immediate cash flow crisis.
EIH gained 1.63% to Rs.137.30, after a block deal of 27.20 lakh shares was executed on BSE at Rs 138 a share.
State Bank of India gained 1.34% to Rs.1,304.90, on hopes lower lending rates will accelerate loan growth.
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