The benchmark indices are trading strong after charismas party. Market has turned range bound after some positive cues flowing in and most Asian markets are closed. Today, the inflation numbers will cheer the markets as it is expected to fall further. In addition, the commerce minister is expected to aid the worst effected sectors, particularly export oriented. The RBI could also announce more cut in rates and nationalised banks make more loans available to the housing sector. The sectoral indices are trading in green with Oil & Gas, Capital Goods, Bankex and Metal on the top. The market breath is favoring advance, as 1,177 stocks are trading in green and about 637 stocks in red on the broader BSE.
At 11.35 AM, the BSE Sensex is gaining by 100.71 points to trade at 9,669.44 and NSE Nifty by 32.44 points to trade at 2,949.30.30. The BSE Mid Cap and BSE Small Cap are trading higher by 44.96 points and 31.53 points at 3,190.56 and 3,631.73 respectively.
Gainers from the NSE Nifty Pack are Reliance Petro up by (11.21%) at Rs.88.30 along with Suzlon Energy Ltd by (4.55%) at Rs.60.95, Satyam comp by (4.12%) at Rs.140.20, Unitech Ltd by (3.23%) at Rs.38.25 and Reliance Commu by (3.21%) at Rs.213.85.
Gainers from the BSE Sensex Pack are Satyam Comp that surged by (4.08%) to Rs.140.45 along with Jaiprakash Asso by (3.39%) at Rs.79.30, Tata Steel by (3.22%) at Rs.224.45, Reliance Communications by (3.04%) at Rs.213.65 and Tata Motors by (2.98%) at Rs.164.40.
BSE Oil & Gas index is trading higher by (1.97%) or 118.35 points at 6,135.26. The major gainers are Reliance Petro trading up by (10.73%) at Rs.88.20, Reliance Nat Res by (7.22%) at Rs.55.70, Indian Oil by (3.81%) at Rs.428.90, Essar Oil by (2.40%) to Rs.87.45, followed by Reliance Industries by (2.00%) to Rs.1,266.00.
BSE Metal is trading higher by (2.26%) or 115.18 points at 5,206.50. The top gainers in the index are JSW steel increased by (3.27%) to Rs.227.60, Tata Steel by (3.01%) to Rs.224.00, SAIL up by (2.92%) to Rs.75.70 followed by Jai Corp by (2.68%) at Rs.90.10.
At 11.35 AM, the BSE Sensex is gaining by 100.71 points to trade at 9,669.44 and NSE Nifty by 32.44 points to trade at 2,949.30.30. The BSE Mid Cap and BSE Small Cap are trading higher by 44.96 points and 31.53 points at 3,190.56 and 3,631.73 respectively.
Gainers from the NSE Nifty Pack are Reliance Petro up by (11.21%) at Rs.88.30 along with Suzlon Energy Ltd by (4.55%) at Rs.60.95, Satyam comp by (4.12%) at Rs.140.20, Unitech Ltd by (3.23%) at Rs.38.25 and Reliance Commu by (3.21%) at Rs.213.85.
Gainers from the BSE Sensex Pack are Satyam Comp that surged by (4.08%) to Rs.140.45 along with Jaiprakash Asso by (3.39%) at Rs.79.30, Tata Steel by (3.22%) at Rs.224.45, Reliance Communications by (3.04%) at Rs.213.65 and Tata Motors by (2.98%) at Rs.164.40.
BSE Oil & Gas index is trading higher by (1.97%) or 118.35 points at 6,135.26. The major gainers are Reliance Petro trading up by (10.73%) at Rs.88.20, Reliance Nat Res by (7.22%) at Rs.55.70, Indian Oil by (3.81%) at Rs.428.90, Essar Oil by (2.40%) to Rs.87.45, followed by Reliance Industries by (2.00%) to Rs.1,266.00.
BSE Metal is trading higher by (2.26%) or 115.18 points at 5,206.50. The top gainers in the index are JSW steel increased by (3.27%) to Rs.227.60, Tata Steel by (3.01%) to Rs.224.00, SAIL up by (2.92%) to Rs.75.70 followed by Jai Corp by (2.68%) at Rs.90.10.
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