The markets though open higher today on the back of positive cues from the global markets. US markets yesterday surged after the Federal Open Market Committee, cuts the Fed funds rate to target range of 0 - 0.25%. But suddenly the markets gave up their early gains and slipped below to trade in the negative territory. The selling pressure witnessed among the IT, Realty, Power, Oil & Gas and Metal stocks. However, some bit of buying witnessed among the Consumer Durables, Auto, and Banking stocks. The BSE Mid Cap and the Small Cap are however trading flat in the opening trade.
The BSE Sensex is now trading below the 9,900 mark and the NSE Nifty around the 3,000 mark.
The Asian markets are also trading mixed as Hang Seng, Shanghai Composite and Straits Times index are trading higher by (0.93%), (1.26%) and (0.81%) while the Nikkei and Seoul Composite index are trading lower by (0.56%) and (0.64%) respectively.
The US stock market on Tuesday surged on the back of the Federal Reserve move to boost the economy. The Federal Reserve cut its benchmark interest rate to a record low and said it would buy large amounts of debt and securities to flood the financial system with money. The Dow Jones Industrial Average (DJIA) surged by 359.61 points to close at 8,924.14. The NASDAQ Composite (RIXF) index increased by 81.55 points to close at 1,589.89 and the S&P 500 (SPX) grew 44.61 points to close at 913.18.
ICICI Bank reported a top gainer among the BSE Sensex pack up by (2.05%) at Rs. 430.20 while Satyam Computer the top loser down by (27.04%) at Rs. 165.30.
The overall market breadth remains positive as 930 stocks are advancing while 693 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was down by 122.55 points at 9,854.43 and the Nifty was down by 36 points to 3,005.75.
The BSE Mid Cap decreased by 0.22 points to 3,237.19 and the BSE Small Cap advanced by 12.96 points to 3,789.61.
BSE IT index is trading lower by 78.49 points or (3.35%) to trade at 2,262.09. The top losers are Satyam Computer decreased by (27.04%) to Rs.165.30, HCL Technologies down by (25.43%) to Rs.168.90, Wipro declined by (1.11%) to Rs.236.75 followed by TCS fell (0.41%) to Rs. 478.80.
BSE Bank index is trading higher by 28.12 points or (0.53%) to trade at 5,285.50. The major gainers are AXIS Bank inclined by (2.22%) to Rs. 511.85, ICICI Bank up by (2.12%) to Rs.430.50, HDFC Bank increased by (1.16%) to Rs.995.40 followed by PNB grew by (0.59%) to Rs.484.30.
The BSE Sensex is now trading below the 9,900 mark and the NSE Nifty around the 3,000 mark.
The Asian markets are also trading mixed as Hang Seng, Shanghai Composite and Straits Times index are trading higher by (0.93%), (1.26%) and (0.81%) while the Nikkei and Seoul Composite index are trading lower by (0.56%) and (0.64%) respectively.
The US stock market on Tuesday surged on the back of the Federal Reserve move to boost the economy. The Federal Reserve cut its benchmark interest rate to a record low and said it would buy large amounts of debt and securities to flood the financial system with money. The Dow Jones Industrial Average (DJIA) surged by 359.61 points to close at 8,924.14. The NASDAQ Composite (RIXF) index increased by 81.55 points to close at 1,589.89 and the S&P 500 (SPX) grew 44.61 points to close at 913.18.
ICICI Bank reported a top gainer among the BSE Sensex pack up by (2.05%) at Rs. 430.20 while Satyam Computer the top loser down by (27.04%) at Rs. 165.30.
The overall market breadth remains positive as 930 stocks are advancing while 693 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was down by 122.55 points at 9,854.43 and the Nifty was down by 36 points to 3,005.75.
The BSE Mid Cap decreased by 0.22 points to 3,237.19 and the BSE Small Cap advanced by 12.96 points to 3,789.61.
BSE IT index is trading lower by 78.49 points or (3.35%) to trade at 2,262.09. The top losers are Satyam Computer decreased by (27.04%) to Rs.165.30, HCL Technologies down by (25.43%) to Rs.168.90, Wipro declined by (1.11%) to Rs.236.75 followed by TCS fell (0.41%) to Rs. 478.80.
BSE Bank index is trading higher by 28.12 points or (0.53%) to trade at 5,285.50. The major gainers are AXIS Bank inclined by (2.22%) to Rs. 511.85, ICICI Bank up by (2.12%) to Rs.430.50, HDFC Bank increased by (1.16%) to Rs.995.40 followed by PNB grew by (0.59%) to Rs.484.30.
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