The markets today opened on a positive note amid mixed cues from the global markets. The US markets ended on a flat note and the Asian markets are however trading mixed. Further the investors keep an eye over the inflation data, which is scheduled to announce latter in the day. The Realty, Banking, Metal, Capital Goods, Auto and Power stocks are trading with decent gains. However, the FMCG index is lagging in the opening trade. The broader markets today are also witnessing some buying momentum in the early trade.
The Asian markets are trading mixed today due to the continued concern about the deepening recession worries in the United States and Japan. The Shanghai Composite, Nikkei 225 and Seoul Composite index are trading higher by (0.70%%), (0.83%) and (0.14%) respectively. However, the Hang Seng and Strait Times index are trading lower by (0.41%) and (0.91%) respectively.
The US markets on Wednesday, after trading sideways for most of the session, finally ended flat on the back of a government plan to stem foreclosures and a restructuring plan from General Motors. However the economic data remains bleak today. The fed cut the 2009 outlook of the economy. It expects the economy to shrink and unemployment to rise. The economy will contract between 0.5% and 1.3% and the unemployment rate is projected to rise between 8.5% and 8.8%. The Dow Jones Industrial Average (DJIA) advanced marginally by 3.03 points to close at 7,555.63. The NASDAQ Composite (RIXF) index decreased by 2.69 points to close at 1,467.97 and the S&P 500 (SPX) fell by 0.75 points to close at 788.42.
The BSE Sensex is now trading around the 9,100 mark and the NSE Nifty trading near the 2,800 mark.
Mahindra & Mahindra reported the top gainer from the BSE Sensex pack, as it is trading higher by (5.29%) at Rs. 299.60 while HUL the top loser down by (1.18%) at Rs. 250.75.
The overall market breadth is positive as 793 stocks are advancing while 372 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 61.72 points at 9,076.91 and the Nifty was up by 18 points to 2,794.15.
The BSE Mid Cap increased by 21.97 points to 2,866.28 and the BSE Small Cap grew by 17.33 points to 3,243.39.
BSE Realty index is trading higher by 29.95 points or (2.01%) to trade at 1,521.61. The top gainers are Orbitco increased by (4.06%) to Rs.46.15, HDIL up by (3.22%) to Rs.81.75, India Bull Real inclined by (2.22%) to Rs.98.80 followed by Omaxe Ltd. grew by (1.92%) to Rs. 45.15.
BSE Banking index is trading higher by 79.44 points or (1.77%) to trade at 4,558.93. The major gainers are PNB inclined by (2.35%) to Rs. 373.10, Bank of India up by (2.01%) to Rs.225.70, ICICI Bank increased by (1.99%) to Rs.376.70 followed by HDFC Bank grew by (1.63%) to Rs.890.90.
JSW Steel is trading higher by (2.73%) at Rs. 214.35. The company has surpassed Tata Steel to become the country''s largest private sector steel producer, with an installed capacity of 7.8 million tonnes.
The Asian markets are trading mixed today due to the continued concern about the deepening recession worries in the United States and Japan. The Shanghai Composite, Nikkei 225 and Seoul Composite index are trading higher by (0.70%%), (0.83%) and (0.14%) respectively. However, the Hang Seng and Strait Times index are trading lower by (0.41%) and (0.91%) respectively.
The US markets on Wednesday, after trading sideways for most of the session, finally ended flat on the back of a government plan to stem foreclosures and a restructuring plan from General Motors. However the economic data remains bleak today. The fed cut the 2009 outlook of the economy. It expects the economy to shrink and unemployment to rise. The economy will contract between 0.5% and 1.3% and the unemployment rate is projected to rise between 8.5% and 8.8%. The Dow Jones Industrial Average (DJIA) advanced marginally by 3.03 points to close at 7,555.63. The NASDAQ Composite (RIXF) index decreased by 2.69 points to close at 1,467.97 and the S&P 500 (SPX) fell by 0.75 points to close at 788.42.
The BSE Sensex is now trading around the 9,100 mark and the NSE Nifty trading near the 2,800 mark.
Mahindra & Mahindra reported the top gainer from the BSE Sensex pack, as it is trading higher by (5.29%) at Rs. 299.60 while HUL the top loser down by (1.18%) at Rs. 250.75.
The overall market breadth is positive as 793 stocks are advancing while 372 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 61.72 points at 9,076.91 and the Nifty was up by 18 points to 2,794.15.
The BSE Mid Cap increased by 21.97 points to 2,866.28 and the BSE Small Cap grew by 17.33 points to 3,243.39.
BSE Realty index is trading higher by 29.95 points or (2.01%) to trade at 1,521.61. The top gainers are Orbitco increased by (4.06%) to Rs.46.15, HDIL up by (3.22%) to Rs.81.75, India Bull Real inclined by (2.22%) to Rs.98.80 followed by Omaxe Ltd. grew by (1.92%) to Rs. 45.15.
BSE Banking index is trading higher by 79.44 points or (1.77%) to trade at 4,558.93. The major gainers are PNB inclined by (2.35%) to Rs. 373.10, Bank of India up by (2.01%) to Rs.225.70, ICICI Bank increased by (1.99%) to Rs.376.70 followed by HDFC Bank grew by (1.63%) to Rs.890.90.
JSW Steel is trading higher by (2.73%) at Rs. 214.35. The company has surpassed Tata Steel to become the country''s largest private sector steel producer, with an installed capacity of 7.8 million tonnes.
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