The markets today made smart come back and open significantly higher. All the sectorial indices are trading in green in the opening trade. The IT, Metal, Oil & Gas, Realty, Banking and Oil & Gas stocks are on the buyer’s ride today.
The BSE Mid Cap and the Small Cap are also trading higher with a gain of more than 1% each in the early trade.
The BSE Sensex is now trading around the 9,300 mark and the NSE Nifty trading above the 2,800 mark.
The Asian Markets are trading higher as Shanghai Composite, Hang Seng, Seoul Composite, Straits Times and Nikkei index are trading higher by (1.45%), (1.43%), (0.51%), (1.14%) and (0.02%) respectively.
The US stock market on Tuesday, ended flat after a sharp choppy session due to increased earnings concern. However the financial sector got a boost after Fed Chairman Bernanke stated that more capital injections and guarantees may become necessary and as Obama pushed for release of remaining USD 350 billion TARP funds The Dow Jones Industrial Average (DJIA) dropped by 25.41 points to close at 8,448.56. The NASDAQ Composite (RIXF) index increased by 7.67 points to close at 1,546.46 and the S&P 500 (SPX) grew 1.53 points to close at 871.79.
TCS reported a top gainer among the BSE Sensex pack up by (5.78%) at Rs. 553 while Sun Pharma the top loser down by (1.90%) at Rs. 1,113.
The overall market breadth is positive as 759 stocks are advancing while 329 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was up by 242.03 points at 9,313.39 and the Nifty was up by 67.35 points to 2,812.30.
The BSE Mid Cap increased by 48.53 points to 3,054.94 and the BSE Small Cap advanced by 40.97 points to 3,483.32.
BSE Metal index is trading higher by 151.88 points or (3.13%) to trade at 5,006.77. The top gainers are Gujarat NRE increased by (6.25%) to Rs.28.90, Sesa Goa up by (4.40%) to Rs.75.90, Ispat Industries inclined by (4.05%) to Rs.11.06 followed by SAIL grew by (3.54%) to Rs. 76.15.
BSE IT index is trading higher by 92.11 points or (4.29%) to trade at 2,239.80. The major gainers are HCL Technologies inclined by (7.32%) to Rs. 116.55, TCS up by (5.78%) to Rs.553, Infosys Technologies increased by (4.87%) to Rs.1,290.10 followed by Wipro grew by (3.73%) to Rs.250.10.
Siemens is trading higher by (4.67%) at Rs.219.50. The company with an aim to separate the low margin business and focus on acquiring higher margin businesses, has transferred its entire shareholding in its IT arm--Siemens Information Systems (SISL) to a subsidiary of Siemens AG- Siemens Corporate Finance, for Rs 449-crore.
Unitech advancing by (2.49%) at Rs.34.95. The company is in talks with private equity (PE) funds for investments up to $560 million (Rs 27,500 crore). The company as part of its plan to cut debt and secure funding to complete existing projects, is in negotiations with banks to restructure an additional Rs 500 crore of loans.
The BSE Mid Cap and the Small Cap are also trading higher with a gain of more than 1% each in the early trade.
The BSE Sensex is now trading around the 9,300 mark and the NSE Nifty trading above the 2,800 mark.
The Asian Markets are trading higher as Shanghai Composite, Hang Seng, Seoul Composite, Straits Times and Nikkei index are trading higher by (1.45%), (1.43%), (0.51%), (1.14%) and (0.02%) respectively.
The US stock market on Tuesday, ended flat after a sharp choppy session due to increased earnings concern. However the financial sector got a boost after Fed Chairman Bernanke stated that more capital injections and guarantees may become necessary and as Obama pushed for release of remaining USD 350 billion TARP funds The Dow Jones Industrial Average (DJIA) dropped by 25.41 points to close at 8,448.56. The NASDAQ Composite (RIXF) index increased by 7.67 points to close at 1,546.46 and the S&P 500 (SPX) grew 1.53 points to close at 871.79.
TCS reported a top gainer among the BSE Sensex pack up by (5.78%) at Rs. 553 while Sun Pharma the top loser down by (1.90%) at Rs. 1,113.
The overall market breadth is positive as 759 stocks are advancing while 329 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was up by 242.03 points at 9,313.39 and the Nifty was up by 67.35 points to 2,812.30.
The BSE Mid Cap increased by 48.53 points to 3,054.94 and the BSE Small Cap advanced by 40.97 points to 3,483.32.
BSE Metal index is trading higher by 151.88 points or (3.13%) to trade at 5,006.77. The top gainers are Gujarat NRE increased by (6.25%) to Rs.28.90, Sesa Goa up by (4.40%) to Rs.75.90, Ispat Industries inclined by (4.05%) to Rs.11.06 followed by SAIL grew by (3.54%) to Rs. 76.15.
BSE IT index is trading higher by 92.11 points or (4.29%) to trade at 2,239.80. The major gainers are HCL Technologies inclined by (7.32%) to Rs. 116.55, TCS up by (5.78%) to Rs.553, Infosys Technologies increased by (4.87%) to Rs.1,290.10 followed by Wipro grew by (3.73%) to Rs.250.10.
Siemens is trading higher by (4.67%) at Rs.219.50. The company with an aim to separate the low margin business and focus on acquiring higher margin businesses, has transferred its entire shareholding in its IT arm--Siemens Information Systems (SISL) to a subsidiary of Siemens AG- Siemens Corporate Finance, for Rs 449-crore.
Unitech advancing by (2.49%) at Rs.34.95. The company is in talks with private equity (PE) funds for investments up to $560 million (Rs 27,500 crore). The company as part of its plan to cut debt and secure funding to complete existing projects, is in negotiations with banks to restructure an additional Rs 500 crore of loans.
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