The market slips from the day''s high on selective profit booking across the counters. However, the mid caps and Small caps outperformed the benchmark indices as most buying is also seen from these baskets. The buying was supported by the fiscal package announced by the Public sector banks for the real sector. The PSU banks have announced the home loan rates for up to Rs 5 lakh should not be more than 8.5 per cent. Interest on loans between Rs 5-20 lakh shares will be 9.25 per cent. There will be no process and prepayment fees for home loans up to Rs 5 lakh.
New home loans package will be valid till June 30, 2009. Apart from this, the banks would not charge any processing fees and pre payment charges for loans upto Rs 20 lakh and also provide free insurance cover. They have also decided to cut the lending rates for the micro and medium enterprises by 100 basis points. This announcement gives a boost to the Reality sector index that is trading with handsome gains of more than 6%. Along with this, the Metal, Consumer Durables and PSU indices also rallies with gains of 6.22%, 4.84% and 4.03% respectively.
On the global market front, the European Markets are trading in green as Dax Index is trading higher by 1.81% and FTSE 100 up by 0.97%.
The broader markets are trading in green as the BSE Mid Cap and Small Cap are trading with good gains of 110.17 points or (3.61%) and 126.30 points or (3.57%) at 3,160.66 and 3,657.26 respectively.
The overall market breadth is positive as 1894 stocks are advancing while 500 stocks are declining in BSE.
Hindalco reported the top gainer from the BSE Sensex pack. It is trading up by (7.09%) at Rs56.65 along with Gasim Industries by (7.00%) at Rs 1,148.80.
At 2.32 PM BSE Sensex is at 9,795.50 up by 105.43 points and NSE Nifty is at 2,970.65 higher by 49.30 points.
The BSE Reality index is trading with gains of 133.90 points or (6.29%) at 2,262.08. Pushing it are Housing Development trading higher by 14.17% at Rs124.45 along with Orbit Co by 13.04% at Rs 61.10, Ansal Infra by 11.55% at Rs33.80, Indiabull Real by 9.50% at Rs138.25 and Mahindra Life by 9.15% at Rs182.
The BSE Metal index is trading higher by 327.72 points or (6.22%) at 5,592.85 as Welspan Gujarat SR is trading up by 12.91% at Rs111.50 along with NMDC Ltd by 11.23% at Rs158, Sesa Goa Ltd Ltd by 8.56% at Rs85, Steel Authority by 8.38% at Rs86.70 and JSW Steel by 7.55% at Rs143.65.
The most active shares on NSE are Reliance trading at Rs1,311.25 with a total traded quantity of 6607165 shares followed by SBI trading at Rs1234 with a total traded quantity of 3007013 shares.
New home loans package will be valid till June 30, 2009. Apart from this, the banks would not charge any processing fees and pre payment charges for loans upto Rs 20 lakh and also provide free insurance cover. They have also decided to cut the lending rates for the micro and medium enterprises by 100 basis points. This announcement gives a boost to the Reality sector index that is trading with handsome gains of more than 6%. Along with this, the Metal, Consumer Durables and PSU indices also rallies with gains of 6.22%, 4.84% and 4.03% respectively.
On the global market front, the European Markets are trading in green as Dax Index is trading higher by 1.81% and FTSE 100 up by 0.97%.
The broader markets are trading in green as the BSE Mid Cap and Small Cap are trading with good gains of 110.17 points or (3.61%) and 126.30 points or (3.57%) at 3,160.66 and 3,657.26 respectively.
The overall market breadth is positive as 1894 stocks are advancing while 500 stocks are declining in BSE.
Hindalco reported the top gainer from the BSE Sensex pack. It is trading up by (7.09%) at Rs56.65 along with Gasim Industries by (7.00%) at Rs 1,148.80.
At 2.32 PM BSE Sensex is at 9,795.50 up by 105.43 points and NSE Nifty is at 2,970.65 higher by 49.30 points.
The BSE Reality index is trading with gains of 133.90 points or (6.29%) at 2,262.08. Pushing it are Housing Development trading higher by 14.17% at Rs124.45 along with Orbit Co by 13.04% at Rs 61.10, Ansal Infra by 11.55% at Rs33.80, Indiabull Real by 9.50% at Rs138.25 and Mahindra Life by 9.15% at Rs182.
The BSE Metal index is trading higher by 327.72 points or (6.22%) at 5,592.85 as Welspan Gujarat SR is trading up by 12.91% at Rs111.50 along with NMDC Ltd by 11.23% at Rs158, Sesa Goa Ltd Ltd by 8.56% at Rs85, Steel Authority by 8.38% at Rs86.70 and JSW Steel by 7.55% at Rs143.65.
The most active shares on NSE are Reliance trading at Rs1,311.25 with a total traded quantity of 6607165 shares followed by SBI trading at Rs1234 with a total traded quantity of 3007013 shares.
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