The markets today open higher with significant gains of the back of positive cues from the global markets. Railway Minister Lalu Prasad Yadav today is going to present the interim railway budget. There are expectations of more fare cuts and adding of more new trains in order to keep voters on track. Further there are expectations that the Government will add on more stimulus measures to accelerate economic growth during the vote-on-account on Monday. These all expectations have kept sentiments upbeat.
All the sectorial indices are trading in green in the opening trade. The Realty, Metal, Power, Capital Goods and Banking stocks are on the buyer’s ride today. The broader markets also joined the rally today and are trading with a gain of more than 1%.
The Asian markets are trading higher today with Hang Seng, Shanghai Composite, Nikkei 225, Seoul Composite and Straits Times index are trading higher by (1.78%), (1.57%), (1.84%), (0.62%) and (1.06%) respectively.
The US stock market on Thursday bounced back late in the session and closed in mixed on the back of a report that the U.S. government is considering a new plan to subsidize mortgage payments for homeowners, helping troubled banks such as Bank of America and Citigroup pare their losses. Further some better than expected economic reports and earnings results also led the markets to rally in the last hour of trading. The Dow Jones Industrial Average (DJIA) dropped by 6.77 points to close at 7,932.76. The NASDAQ Composite (RIXF) index increased by 11.21 points to close at 1,541.71 and the S&P 500 (SPX) grew by 1.45 points to close at 835.19.
The BSE Sensex is now trading above the 9,600 mark and the NSE Nifty trading above the 2,930 mark.
Jai Prakash Associate reported the top gainer from the BSE Sensex pack, as it is trading higher by (3.56%) at Rs. 75.65 while Sun Pharma the top loser down by (0.68%) at Rs. 1,098.
The overall market breadth is positive as 913 stocks are advancing while 305 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 146.36 points at 9,612.19 and the Nifty was up by 48.25 points to 2,941.30.
The BSE Mid Cap increased by 41.51 points to 3,009.63 and the BSE Small Cap grew by 44.70 points to 3,419.99.
BSE Realty index is trading higher by 34.69 points or (2.23%) to trade at 1,591.38. The top gainers are Mahindra Life increased by (2.72%) to Rs.126.65, India Bull Real up by (2.71%) to Rs.110, HDIL inclined by (2.33%) to Rs.87.90 followed by Unitech grew by (2.25%) to Rs. 31.80.
BSE Metal index is trading higher by 94.25 points or (1.83%) to trade at 5,232.58. The major gainers are SAIL inclined by (3.06%) to Rs. 90.30, JSW Steel up by (2.86%) to Rs.231.75, NALCO increased by (2.34%) to Rs.201.40 followed by Tata Steel grew by (2.26%) to Rs.189.65.
Siemens is trading higher by (2.74%) at Rs. 232.50. The company has received a Rs. 212 crore order from Steel Authority of India Ltd (SAIL) to provide a power distribution package at the Rourkela Steel Plant (RSP) in Orissa. The order includes designing, engineering, supply, civil work, erection, testing and commissioning of transmission lines and substations.
All the sectorial indices are trading in green in the opening trade. The Realty, Metal, Power, Capital Goods and Banking stocks are on the buyer’s ride today. The broader markets also joined the rally today and are trading with a gain of more than 1%.
The Asian markets are trading higher today with Hang Seng, Shanghai Composite, Nikkei 225, Seoul Composite and Straits Times index are trading higher by (1.78%), (1.57%), (1.84%), (0.62%) and (1.06%) respectively.
The US stock market on Thursday bounced back late in the session and closed in mixed on the back of a report that the U.S. government is considering a new plan to subsidize mortgage payments for homeowners, helping troubled banks such as Bank of America and Citigroup pare their losses. Further some better than expected economic reports and earnings results also led the markets to rally in the last hour of trading. The Dow Jones Industrial Average (DJIA) dropped by 6.77 points to close at 7,932.76. The NASDAQ Composite (RIXF) index increased by 11.21 points to close at 1,541.71 and the S&P 500 (SPX) grew by 1.45 points to close at 835.19.
The BSE Sensex is now trading above the 9,600 mark and the NSE Nifty trading above the 2,930 mark.
Jai Prakash Associate reported the top gainer from the BSE Sensex pack, as it is trading higher by (3.56%) at Rs. 75.65 while Sun Pharma the top loser down by (0.68%) at Rs. 1,098.
The overall market breadth is positive as 913 stocks are advancing while 305 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 146.36 points at 9,612.19 and the Nifty was up by 48.25 points to 2,941.30.
The BSE Mid Cap increased by 41.51 points to 3,009.63 and the BSE Small Cap grew by 44.70 points to 3,419.99.
BSE Realty index is trading higher by 34.69 points or (2.23%) to trade at 1,591.38. The top gainers are Mahindra Life increased by (2.72%) to Rs.126.65, India Bull Real up by (2.71%) to Rs.110, HDIL inclined by (2.33%) to Rs.87.90 followed by Unitech grew by (2.25%) to Rs. 31.80.
BSE Metal index is trading higher by 94.25 points or (1.83%) to trade at 5,232.58. The major gainers are SAIL inclined by (3.06%) to Rs. 90.30, JSW Steel up by (2.86%) to Rs.231.75, NALCO increased by (2.34%) to Rs.201.40 followed by Tata Steel grew by (2.26%) to Rs.189.65.
Siemens is trading higher by (2.74%) at Rs. 232.50. The company has received a Rs. 212 crore order from Steel Authority of India Ltd (SAIL) to provide a power distribution package at the Rourkela Steel Plant (RSP) in Orissa. The order includes designing, engineering, supply, civil work, erection, testing and commissioning of transmission lines and substations.
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