The markets today open slightly higher. There sees a little bit of volatility in the early trade. The cement makers stocks were in demand in the opening trade after India lifted ban on cement exports. The significant buying is witnessed among the Realty, Consumer Durables, Metal, Auto, Capital Goods and Banking stocks. However, the IT stocks are reeling under pressure in the early trade.
The BSE Mid Cap and the Small Cap are also trading higher with a gain of around 1% each.
The BSE Sensex is now trading above the 10,100 mark and the NSE Nifty trading around the 3,050 mark.
The Asian markets are also trading mixed as Nikkei 225 index is trading higher by (1.19%) while Hang Seng, Shanghai Composite, Straits Times and Seoul Composite index are trading lower by (1.67%), (1.80%), (0.48%) and (0.62%) respectively.
The US stock market on Friday ended mixed on the back of the White House step to rescue automakers. The White House is providing $13.4 billion in TARP funds to automakers as part of an effort to shore up their finances. An additional $4.0 billion will be available in February. The banking stocks came into pressure after Standard & Poor cut its rating on 12 major financial institutions. The Dow Jones Industrial Average (DJIA) dropped by 25.88 points to close at 8,579.11. The NASDAQ Composite (RIXF) index increased by 11.95 points to close at 1,564.32 and the S&P 500 (SPX) grew 2.60 points to close at 887.88.
DLF reported a top gainer among the BSE Sensex pack up by (5.06%) at Rs. 322.90 while TCS the top loser down by (1.40%) at Rs. 506.
The overall market breadth remains positive as 1034 stocks are advancing while 310 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was up by 31.65 points at 10,131.56 and the Nifty was up by 9.30 points to 3,086.80.
The BSE Mid Cap increased by 67.36 points to 3,331.35 and the BSE Small Cap advanced by 57.65 points to 3,801.67.
BSE Realty index is trading higher by 131.26 points or (5.20%) to trade at 2,656.60. The top gainers are Unitech increased by (10.40%) to Rs.48.85, India Bull Real up by (7.10%) to Rs.171.10, HDIL inclined by (6.93%) to Rs.178.90 followed by Sobha Developers grew by (6.15%) to Rs. 124.20.
BSE Auto index is trading higher by 35.85 points or (1.40%) to trade at 2,597.48. The major gainers are Bajaj Auto inclined by (3.86%) to Rs. 419.25, Tata Motors up by (3.40%) to Rs.185.40, Maruti Suzuki increased by (1.36%) to Rs.557.05 followed by Mahindra & Mahindra grew by (0.58%) to Rs.323.05.
ACC is trading higher by (1.29%) at Rs.502.70. The cement maker ACC has indefinitely put on hold the Rs.600crore expansion programme of its ready-mix concrete (RMC) business, ACC Concrete due to poor demand in the domestic market.
The BSE Mid Cap and the Small Cap are also trading higher with a gain of around 1% each.
The BSE Sensex is now trading above the 10,100 mark and the NSE Nifty trading around the 3,050 mark.
The Asian markets are also trading mixed as Nikkei 225 index is trading higher by (1.19%) while Hang Seng, Shanghai Composite, Straits Times and Seoul Composite index are trading lower by (1.67%), (1.80%), (0.48%) and (0.62%) respectively.
The US stock market on Friday ended mixed on the back of the White House step to rescue automakers. The White House is providing $13.4 billion in TARP funds to automakers as part of an effort to shore up their finances. An additional $4.0 billion will be available in February. The banking stocks came into pressure after Standard & Poor cut its rating on 12 major financial institutions. The Dow Jones Industrial Average (DJIA) dropped by 25.88 points to close at 8,579.11. The NASDAQ Composite (RIXF) index increased by 11.95 points to close at 1,564.32 and the S&P 500 (SPX) grew 2.60 points to close at 887.88.
DLF reported a top gainer among the BSE Sensex pack up by (5.06%) at Rs. 322.90 while TCS the top loser down by (1.40%) at Rs. 506.
The overall market breadth remains positive as 1034 stocks are advancing while 310 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was up by 31.65 points at 10,131.56 and the Nifty was up by 9.30 points to 3,086.80.
The BSE Mid Cap increased by 67.36 points to 3,331.35 and the BSE Small Cap advanced by 57.65 points to 3,801.67.
BSE Realty index is trading higher by 131.26 points or (5.20%) to trade at 2,656.60. The top gainers are Unitech increased by (10.40%) to Rs.48.85, India Bull Real up by (7.10%) to Rs.171.10, HDIL inclined by (6.93%) to Rs.178.90 followed by Sobha Developers grew by (6.15%) to Rs. 124.20.
BSE Auto index is trading higher by 35.85 points or (1.40%) to trade at 2,597.48. The major gainers are Bajaj Auto inclined by (3.86%) to Rs. 419.25, Tata Motors up by (3.40%) to Rs.185.40, Maruti Suzuki increased by (1.36%) to Rs.557.05 followed by Mahindra & Mahindra grew by (0.58%) to Rs.323.05.
ACC is trading higher by (1.29%) at Rs.502.70. The cement maker ACC has indefinitely put on hold the Rs.600crore expansion programme of its ready-mix concrete (RMC) business, ACC Concrete due to poor demand in the domestic market.
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