The markets open higher today on the back of positive cues from the US markets and the strong Asian markets. Further the broader markets also joined the rally today. All the sectorial indices are trading in green in the opening trade. The Metal continued to maintain its rally today. The Oil & Gas, Banking, Consumer Durables, Power and Realty stocks are also on the buyer’s ride today.
The Asian markets are trading higher led by gains in the IT and the banking stocks. Further the weaker yen lifted earnings prospects for Japanese electronics companies. The Shanghai Composite, Hang Seng, Nikkei 225, Straits Times and Seoul Composite index are trading higher by (1.95%), (1.42%), (1.33%), (0.07%) and (1.18%) respectively.
The US stock market on Thursday rose with the financial stocks rallied on optimism over the government''s forthcoming bank bailout plan and better-than-expected monthly sales from Wal-Mart Stores. Senate Banking Chairman Dodd said it might be possible to modify its mark-to-market rules, which would be a boost to banks hurt by write-downs. The Dow Jones Industrial Average (DJIA) surged by 106.41 points to close at 8,063.07. The NASDAQ Composite (RIXF) index increased by 31.19 points to close at 1,546.24 and the S&P 500 (SPX) grew 13.62 points to close at 845.85.
The BSE Sensex is now trading above the 9,200 mark and the NSE Nifty trading above the 2,800 mark.
Jai Prakash Associate reported the top gainer from the BSE Sensex pack, as it is trading higher by (3.51%) at Rs. 70.75 while Sterlite Industries the top loser down by (2.83%) at Rs. 255.95.
The overall market breadth is positive as 808 stocks are advancing while 448 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 42.59 points at 9,232.97 and the Nifty was up by 46.25 points to 2,826.30.
The BSE Mid Cap increased by 29.02 points to 2,871.12 and the BSE Small Cap advanced by 17.07 points to 3,262.37.
BSE Realty index is trading higher by 20.91 points or (1.51%) to trade at 1,409.43. The top gainers are Penland increased by (2.59%) to Rs.21.75, HDIL up by (2.37%) to Rs.77.90, Ansal Infra inclined by (2.34%) to Rs.24.05 followed by DLF grew by (1.76%) to Rs. 141.80.
BSE Bank index is trading higher by 59.31 points or (1.28%) to trade at 4,707.44. The major gainers are ICICI Bank inclined by (2.03%) to Rs. 398.90, Bank of Baroda up by (1.74%) to Rs.249.05, Bank of India increased by (1.93%) to Rs.243.55 followed by SBI grew by (1.93%) to Rs.1,115.
Tata Motors is trading higher by (3.43%) at Rs. 135.60. India’s largest automobile company said that three-quarters of its purchases from vendors have been paid immediately through an arrangement with banks. The company earlier owes an amount overdue of more than Rs. 1200 crore in-unpaid dues to its suppliers over the past few months.
Satyam Computer surged over 6% to Rs.49 after the board of directors of the company appointed A S Murty as Chief Executive Officer, of the company. The Board has also appointed Homi Khusrokhan and Partho Datta as Special Advisors, to assist in Management and Finance areas, respectively.
The Asian markets are trading higher led by gains in the IT and the banking stocks. Further the weaker yen lifted earnings prospects for Japanese electronics companies. The Shanghai Composite, Hang Seng, Nikkei 225, Straits Times and Seoul Composite index are trading higher by (1.95%), (1.42%), (1.33%), (0.07%) and (1.18%) respectively.
The US stock market on Thursday rose with the financial stocks rallied on optimism over the government''s forthcoming bank bailout plan and better-than-expected monthly sales from Wal-Mart Stores. Senate Banking Chairman Dodd said it might be possible to modify its mark-to-market rules, which would be a boost to banks hurt by write-downs. The Dow Jones Industrial Average (DJIA) surged by 106.41 points to close at 8,063.07. The NASDAQ Composite (RIXF) index increased by 31.19 points to close at 1,546.24 and the S&P 500 (SPX) grew 13.62 points to close at 845.85.
The BSE Sensex is now trading above the 9,200 mark and the NSE Nifty trading above the 2,800 mark.
Jai Prakash Associate reported the top gainer from the BSE Sensex pack, as it is trading higher by (3.51%) at Rs. 70.75 while Sterlite Industries the top loser down by (2.83%) at Rs. 255.95.
The overall market breadth is positive as 808 stocks are advancing while 448 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 42.59 points at 9,232.97 and the Nifty was up by 46.25 points to 2,826.30.
The BSE Mid Cap increased by 29.02 points to 2,871.12 and the BSE Small Cap advanced by 17.07 points to 3,262.37.
BSE Realty index is trading higher by 20.91 points or (1.51%) to trade at 1,409.43. The top gainers are Penland increased by (2.59%) to Rs.21.75, HDIL up by (2.37%) to Rs.77.90, Ansal Infra inclined by (2.34%) to Rs.24.05 followed by DLF grew by (1.76%) to Rs. 141.80.
BSE Bank index is trading higher by 59.31 points or (1.28%) to trade at 4,707.44. The major gainers are ICICI Bank inclined by (2.03%) to Rs. 398.90, Bank of Baroda up by (1.74%) to Rs.249.05, Bank of India increased by (1.93%) to Rs.243.55 followed by SBI grew by (1.93%) to Rs.1,115.
Tata Motors is trading higher by (3.43%) at Rs. 135.60. India’s largest automobile company said that three-quarters of its purchases from vendors have been paid immediately through an arrangement with banks. The company earlier owes an amount overdue of more than Rs. 1200 crore in-unpaid dues to its suppliers over the past few months.
Satyam Computer surged over 6% to Rs.49 after the board of directors of the company appointed A S Murty as Chief Executive Officer, of the company. The Board has also appointed Homi Khusrokhan and Partho Datta as Special Advisors, to assist in Management and Finance areas, respectively.
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