The markets are trading positive but in a subdued manner. The benchmark indices are marginally higher on firm global cues. The investors are not confident enough to open up in the market due to US recession hurting other depending economies and expect more downturn in the near future. On the other end, the FII’s who are holding largely in blue chip companies have been on a selling streak over the past few months.
The sentiments in the market are intact for domestic financial institutions and retail investors. However, the significant event to watch is the RBI’s move on rate cut, as inflation numbers are settling down. The sectorial indices depicted contrasting trends on marginally higher side in the sectors like Capital Goods, Realty, Bankex and Power. The market breath is favoring advance, as 937 stocks are trading in green and about 527 stocks in red on the broader BSE.
At 11.32 AM, the BSE Sensex is gaining by 136.73 points at 8884.17 whereas NSE Nifty by 34.94 points at 2691.40. The BSE Mid Cap and BSE Small Cap are trading higher by 29.12 points and 23.69 points at 2859.74 and 3288.79 respectively.
Gainers from the NSE Nifty Pack are Zee Entertainment up by (6.63%) at Rs.123.00 along with BHEL by (4.50%) at Rs.1,326.00, Tata Comm by (4.19%) at Rs.394.50, Unitech Ltd by (3.81%) at Rs.27.25 and DLF Ltd by (3.67%) at Rs.199.00.
Gainers from the BSE Sensex Pack are BHEL up by (4.28%) at Rs.1,324.20 along with DLF Ltd by (3.70%) at Rs.199.00, SBI by (3.47%) at Rs.1,135.55, Jaiprakash Asso by (3.44%) at Rs.64.60 and L&T by (3.43%) at Rs.713.80.
BSE Capital Goods index is trading higher by (2.43%) or 148.13 points at 6,234.71. The major gainers are Havells India trading up by (4.97%) at Rs.112.00, Usha Martin by (4.66%) at Rs.19.10, Punj Lloyd by (4.06%) at Rs.148.80, BHEL by (3.86%) to Rs.1,318.80, followed by Reliance Industry infra by (3.80%) to Rs.324.00.
BSE Bankex is trading higher by (%) or 170.84 points at 4,181.03. The top gainers in the index are Indus Ind Bank increased by (3.52%) to Rs.30.85, SBI up by (3.25%) to Rs.1,133.15, Axis Bank by (3.13%) to Rs.446.50 followed by Yes Bank by (2.68%) at Rs.59.30 and IDBI Bank by (2.65%) to Rs.58.20.
The sentiments in the market are intact for domestic financial institutions and retail investors. However, the significant event to watch is the RBI’s move on rate cut, as inflation numbers are settling down. The sectorial indices depicted contrasting trends on marginally higher side in the sectors like Capital Goods, Realty, Bankex and Power. The market breath is favoring advance, as 937 stocks are trading in green and about 527 stocks in red on the broader BSE.
At 11.32 AM, the BSE Sensex is gaining by 136.73 points at 8884.17 whereas NSE Nifty by 34.94 points at 2691.40. The BSE Mid Cap and BSE Small Cap are trading higher by 29.12 points and 23.69 points at 2859.74 and 3288.79 respectively.
Gainers from the NSE Nifty Pack are Zee Entertainment up by (6.63%) at Rs.123.00 along with BHEL by (4.50%) at Rs.1,326.00, Tata Comm by (4.19%) at Rs.394.50, Unitech Ltd by (3.81%) at Rs.27.25 and DLF Ltd by (3.67%) at Rs.199.00.
Gainers from the BSE Sensex Pack are BHEL up by (4.28%) at Rs.1,324.20 along with DLF Ltd by (3.70%) at Rs.199.00, SBI by (3.47%) at Rs.1,135.55, Jaiprakash Asso by (3.44%) at Rs.64.60 and L&T by (3.43%) at Rs.713.80.
BSE Capital Goods index is trading higher by (2.43%) or 148.13 points at 6,234.71. The major gainers are Havells India trading up by (4.97%) at Rs.112.00, Usha Martin by (4.66%) at Rs.19.10, Punj Lloyd by (4.06%) at Rs.148.80, BHEL by (3.86%) to Rs.1,318.80, followed by Reliance Industry infra by (3.80%) to Rs.324.00.
BSE Bankex is trading higher by (%) or 170.84 points at 4,181.03. The top gainers in the index are Indus Ind Bank increased by (3.52%) to Rs.30.85, SBI up by (3.25%) to Rs.1,133.15, Axis Bank by (3.13%) to Rs.446.50 followed by Yes Bank by (2.68%) at Rs.59.30 and IDBI Bank by (2.65%) to Rs.58.20.
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