Monday, December 8, 2008

Markets React Positive At Stimulus Package - Dec 08, 2008

The benchmark indices are trading in the positive arena, after reacting to the three events in last two days. The RBI and Government have come out with packages to boost the demand. However, the markets are finding it difficult to sustain at the higher level, as the downturn fear is still hovering in some corner of mind. The interest sensitive sectors have responded positive towards the RBI’s move. The index heavyweight like Capital Goods, Metal, Realty and Bankex are trading in positive zone. The market breath is favoring advance, as 1,269 stocks are trading in green and about 597 stocks in red on the broader BSE.

At 11.35 AM, the BSE Sensex is gaining by 296.14 points at 9,261.35 and NSE Nifty is up by 85.50 points at 2,799.90. The BSE Mid Cap is trading higher by 19.94 points at 2,912.90 and BSE Small Cap trading up by 34.51 points at 3,358.05.

Gainers from the NSE Nifty Pack are Unitech Ltd up by (7.15%) at Rs.32.95 along with HDFC by (6.56%) at Rs.1,524.15, Reliance Energy Ltd by (6.50%) at Rs.566.70, Idea Cellular by (6.01%) at Rs.52.00 and HDFC Bank by (5.48%) at Rs.939.10.

Gainers from the BSE Sensex Pack are HDFC up by (7.00%) at Rs.1,536.80 along with Reliance energy by (6.65%) at Rs.567.85, HDFC bank by (5.77%) at Rs.940.10, Reliance Comm by (5.22%) at Rs.207.55 and DLF Ltd by (4.85%) at Rs.213.00.

BSE Capital Goods index is trading higher by 178.42 points at 6,587.19. The major gainers are Suzlon Energy trading up by (5.90%) at Rs.44.90, Thermax ltd by (4.21%) at Rs.163.20, Reliance Ind Infra by (4.03%) at Rs.369.45, Havells India by (3.43%) to Rs.118.95, followed by ABB Ltd by (3.36%) to Rs.455.40.

BSE Bankex is trading higher by 135.34 points at 4,842.79. The top gainers in the index are HDFC Bank increased by (5.98%) to Rs.942.00, Yes Bank up by (3.67%) to Rs.67.75, ICICI Bank by (3.45%) to Rs.370.85 followed by SBI by (2.41%) at Rs.1,162.95 and Axis Bank by (2.23%) to Rs.453.80.

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