The markets today open lower on the back of negative cues from the global markets. But suddenly the markets gained grounds and turned choppy as some buying momentum witnessed among the selective scrips. The Oil & Gas, Pharma, and IT stocks are witnessing some buying momentum in the early trade. However, the Consumer Durables, Banking and Realty stocks are still facing the selling pressure. The broader markets are also trading marginally lower in the early trade.
The Asian markets are trading lower on the back of deepening economic gloominess and fears about the global finance sector have prompted investors to remain in the sidelines. The Shanghai Composite, Hang Seng, Nikkei 225, Seoul Composite and Straits Times index are trading lower by (2.73%), (1.56%), (1.81%), (1.54%) and (0.08%) respectively.
The US markets on Tuesday plunged on the back of renewed financial and economic concerns spurred an unrelenting selling effort. The automakers shares remained in pressure as they signal that they would require additional funds to wave over the crisis. Both the General Motors Corp and Chrysler LLC have requested nearly $22 billion in combined additional US government aid on Tuesday. New York Federal Reserve reported its empire State Manufacturing Index which fell to a record negative-34.6 in February from negative-22.2 in January. US President Barack Obama signed the $787 billion economic stimulus bill into law on Tuesday. The Dow Jones Industrial Average (DJIA) dropped by 297.81 points to close at 7,552.60. The NASDAQ Composite (RIXF) index decreased by 63.70 points to close at 1,470.66 and the S&P 500 (SPX) fell by 37.67 points to close at 789.17.
The BSE Sensex is now trading around the 9,050 mark and the NSE Nifty trading above the 2,770 mark.
Reliance Industries reported the top gainer from the BSE Sensex pack, as it is trading higher by (1.85%) at Rs. 1,291 while HDFC the top loser down by (2.06%) at Rs. 1,403.
The overall market breadth is negative as 616 stocks are advancing while 637 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 17.79 points at 9,052.79 and the Nifty was up by 14.10 points to 2,784.60.
The BSE Mid Cap decreased by 0.08 points to 2,857.03 and the BSE Small Cap fell by 1.99 points to 3,244.
BSE Oil & Gas index is trading higher by 75.22 points or (1.24%) to trade at 6,153.18. The top gainers are Reliance Industries increased by (1.92%) to Rs.1,292, HPCL down by (1.66%) to Rs.294, BPCL declined by (1.28%) to Rs.400.05 followed by RPL fell by (1.22%) to Rs. 82.90.
BSE IT index is trading higher by 11.62 points or (0.57%) to trade at 2,059.24. The major gainers are HCL Technologies inclined by (1.01%) to Rs. 110.20, Infosys Technologies up by (0.70%) to Rs.1,185.90, TCS decreased by (0.42%) to Rs.487.95 followed by Wipro grew by (0.38%) to Rs.210.50.
The Asian markets are trading lower on the back of deepening economic gloominess and fears about the global finance sector have prompted investors to remain in the sidelines. The Shanghai Composite, Hang Seng, Nikkei 225, Seoul Composite and Straits Times index are trading lower by (2.73%), (1.56%), (1.81%), (1.54%) and (0.08%) respectively.
The US markets on Tuesday plunged on the back of renewed financial and economic concerns spurred an unrelenting selling effort. The automakers shares remained in pressure as they signal that they would require additional funds to wave over the crisis. Both the General Motors Corp and Chrysler LLC have requested nearly $22 billion in combined additional US government aid on Tuesday. New York Federal Reserve reported its empire State Manufacturing Index which fell to a record negative-34.6 in February from negative-22.2 in January. US President Barack Obama signed the $787 billion economic stimulus bill into law on Tuesday. The Dow Jones Industrial Average (DJIA) dropped by 297.81 points to close at 7,552.60. The NASDAQ Composite (RIXF) index decreased by 63.70 points to close at 1,470.66 and the S&P 500 (SPX) fell by 37.67 points to close at 789.17.
The BSE Sensex is now trading around the 9,050 mark and the NSE Nifty trading above the 2,770 mark.
Reliance Industries reported the top gainer from the BSE Sensex pack, as it is trading higher by (1.85%) at Rs. 1,291 while HDFC the top loser down by (2.06%) at Rs. 1,403.
The overall market breadth is negative as 616 stocks are advancing while 637 stocks are declining on BSE.
At 10.30AM, the BSE Sensex was up by 17.79 points at 9,052.79 and the Nifty was up by 14.10 points to 2,784.60.
The BSE Mid Cap decreased by 0.08 points to 2,857.03 and the BSE Small Cap fell by 1.99 points to 3,244.
BSE Oil & Gas index is trading higher by 75.22 points or (1.24%) to trade at 6,153.18. The top gainers are Reliance Industries increased by (1.92%) to Rs.1,292, HPCL down by (1.66%) to Rs.294, BPCL declined by (1.28%) to Rs.400.05 followed by RPL fell by (1.22%) to Rs. 82.90.
BSE IT index is trading higher by 11.62 points or (0.57%) to trade at 2,059.24. The major gainers are HCL Technologies inclined by (1.01%) to Rs. 110.20, Infosys Technologies up by (0.70%) to Rs.1,185.90, TCS decreased by (0.42%) to Rs.487.95 followed by Wipro grew by (0.38%) to Rs.210.50.
No comments:
Post a Comment