Thursday, January 29, 2009

Market Eyes On Inflation Data - Jan 29, 2009

The key benchmark indices are trading in green amid of positive sentiments across the Asian market on the back of approval of USD 819 bn economic stimulus bill by the US House of Representatives. However, the behavior of the market turned choppy due to cautious approach by the retail and institutional investors ahead of expiration of January F&O series and inflation data announcement. Buying interest seen across the Bankex, Realty and Auto, while selling pressure emerged in the Power, CG and Oil & Gas counters. The BSE Bankex index surged 1.55%, while Realty index is trading higher by 1.14%. Overall the market breadth is positive as 954 stocks are trading in green while 794 stocks are in red.

At 11.30 AM, the BSE Sensex up by 35.77 points at 9,293.24 while NSE Nifty down by 2 points at 2,847.5. The BSE Mid Cap and BSE Small Cap are trading higher by 13.29 points and 13.67 points at 2928.1 and 3,318.66 respectively.

Gainers from the BSE Sensex Pack are Maruti Suzuki up by (3.90%) to Rs. 540.8, along with Mahindra and Mahindra Ltd by (3.43%) to Rs. 293.6, Housing Development Finance Corporation Ltd by (2.98%) at Rs.1549.5, ICICI bank by (2.53%) at Rs.418.7, SBI by (2.01%) to Rs.1132.75 and Tata Motors by (1.91%) at Rs.149.55.

Gainers from the NSE Nifty Pack are Mahindra and Mahindra Ltd up by (4.04%) at Rs.294.75 along with Maruti Suzuki by (3.93%) at Rs.541, Reliance Power by (3.27%) at Rs.105.95, Housing Development Finance Corporation Ltd by (2.91%) at Rs.1548.4 and ICICI Bank by (2.44%) at Rs.418.

BSE Bankex is trading higher by (1.55%) or 74.43 points at 4,864.36. The top gainers in the index are Axis bank surged by (2.84%) to Rs.435.10 along with Oriental Bank by (2.52%) to Rs.132.40, Yes Bank by (2.41%) to Rs. 61.50, SBI by (2.35%) to Rs.1136.50, followed by ICICI Bank by (1.78%) at Rs.415.60.

BSE Realty is trading higher by (1.14%) or 18.78 points at 1,663.26. The top gainers in the index are Indiabul Real up by (5.72%) to Rs.112.70 along with Akruti City by (4.22%) to Rs. 928, Orbit co by (3.07%) to Rs.45.35, Anant Raj Industries by (2.62%) to Rs.58.65, followed by Unitech Ltd by (2.43%) to Rs.31.60.

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