The markets continued to open higher for the second straight session in this week on the back of positive cues from the global markets. But suddenly the markets turned choppy. Volatility could be higher ahead of January F&O expiry. The Realty, Auto, Capital Goods, Metal and FMCG stocks are in favor in the opening trade. The BSE Mid Cap and the Small Cap are also trading higher in the early trade.
The Asian markets are trading higher today as Nikkei 225, Straits Times and Seoul Composite index are trading higher by (1.36%), (3.43%) and (5.23%) respectively. However the Shanghai, Hang Seng and Taiwan markets are shut today.
The US stock market on Monday closed in positive territory on the back of some better than expected earnings. The market shrugged off dismal economic data as weak Conference Board consumer confidence index, which tumbled to 37.7 in January, and a record year-over-year decline of 18.2% in home prices in the 20 largest US metropolitan areas. However, the market participants will be looking forward to the latest Federal Open Market Committee statement. The Dow Jones Industrial Average (DJIA) grew by 58.70 points to close at 8,174.73. The NASDAQ Composite (RIXF) index increased by 15.44 points to close at 1,504.90 and the S&P 500 (SPX) grew 9.14 points to close at 845.71.
The BSE Sensex is now trading above the 9,000 mark and the NSE Nifty trading arthe 2,800 mark.
Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading higher by (4.70%) at Rs. 146.90. However, Tata Steel reported a top loser among the BSE Sensex pack down by (2.50%) at Rs. 168.
The overall market breadth is positive as 795 stocks are advancing while 485 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was up by 76.57 points at 9,080.65 and the Nifty was up by 29.50 points to 2,800.85.
The BSE Mid Cap increased by 17.62 points to 2,885.49 and the BSE Small Cap advanced by 21.74 points to 3,288.28.
BSE Auto index is trading higher by 38.40 points or (1.59%) to trade at 2,449.30. The top gainers are Tata Motors increased by (4.95%) to Rs.147.25, Mahindra & Mahindra up by (1.82%) to Rs.277.15, Ashok Leyland inclined by (1.82%) to Rs.14 followed by Maruti Suzuki grew by (1.59%) to Rs. 546.
BSE Capital Goods index is trading higher by 95.91 points or (1.58%) to trade at 6,184.98. The major gainers are Havells India inclined by (2.96%) to Rs. 113, L&T up by (2.32%) to Rs.653, Alstrom Project increased by (2.49%) to Rs.232.40 followed by Punj Lloyd grew by (1.39%) to Rs.94.60.
SAIL is trading higher by (2.64%) at RS. 75.70. The company registered a 56.4% decline in its net profit at Rs. 843.30 crore for the third quarter ended December, 2008 as against Rs. 1,934.7 crore in the corresponding period of the previous year. Net sales dipped 5.9% to Rs 8,852.3 crore from Rs 9,403.4 crore in the year-ago period. The higher input costs and lower sales realizations has led to the fall in profit.
The Asian markets are trading higher today as Nikkei 225, Straits Times and Seoul Composite index are trading higher by (1.36%), (3.43%) and (5.23%) respectively. However the Shanghai, Hang Seng and Taiwan markets are shut today.
The US stock market on Monday closed in positive territory on the back of some better than expected earnings. The market shrugged off dismal economic data as weak Conference Board consumer confidence index, which tumbled to 37.7 in January, and a record year-over-year decline of 18.2% in home prices in the 20 largest US metropolitan areas. However, the market participants will be looking forward to the latest Federal Open Market Committee statement. The Dow Jones Industrial Average (DJIA) grew by 58.70 points to close at 8,174.73. The NASDAQ Composite (RIXF) index increased by 15.44 points to close at 1,504.90 and the S&P 500 (SPX) grew 9.14 points to close at 845.71.
The BSE Sensex is now trading above the 9,000 mark and the NSE Nifty trading arthe 2,800 mark.
Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading higher by (4.70%) at Rs. 146.90. However, Tata Steel reported a top loser among the BSE Sensex pack down by (2.50%) at Rs. 168.
The overall market breadth is positive as 795 stocks are advancing while 485 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was up by 76.57 points at 9,080.65 and the Nifty was up by 29.50 points to 2,800.85.
The BSE Mid Cap increased by 17.62 points to 2,885.49 and the BSE Small Cap advanced by 21.74 points to 3,288.28.
BSE Auto index is trading higher by 38.40 points or (1.59%) to trade at 2,449.30. The top gainers are Tata Motors increased by (4.95%) to Rs.147.25, Mahindra & Mahindra up by (1.82%) to Rs.277.15, Ashok Leyland inclined by (1.82%) to Rs.14 followed by Maruti Suzuki grew by (1.59%) to Rs. 546.
BSE Capital Goods index is trading higher by 95.91 points or (1.58%) to trade at 6,184.98. The major gainers are Havells India inclined by (2.96%) to Rs. 113, L&T up by (2.32%) to Rs.653, Alstrom Project increased by (2.49%) to Rs.232.40 followed by Punj Lloyd grew by (1.39%) to Rs.94.60.
SAIL is trading higher by (2.64%) at RS. 75.70. The company registered a 56.4% decline in its net profit at Rs. 843.30 crore for the third quarter ended December, 2008 as against Rs. 1,934.7 crore in the corresponding period of the previous year. Net sales dipped 5.9% to Rs 8,852.3 crore from Rs 9,403.4 crore in the year-ago period. The higher input costs and lower sales realizations has led to the fall in profit.
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