The markets today opened higher on the back of positive cues from the Asian markets. The Japanese market is trading higher in the early trade on anticipation of a new stimulus package from the Japanese government. However the markets suddenly gave up some of its opening gains as traders now focused towards the unfavorable cues from the US markets. The Capital Goods, Pharma, Oil & Gas, IT and Power stocks are witnessing some buying momentum in the opening trade. However, selling pressure witnessed among the Banking, Realty and Metal stocks. The broader markets are however trading flat in the opening trade.
The BSE Sensex is now trading below the 9,600 mark and the NSE Nifty trading below the 3,000 mark.
At 10.32AM, the BSE Sensex was up by 27.74 points at 9,595.88 and the Nifty was up by 13.95 points to 2,992.10.
The BSE Mid Cap increased by 9.30 points to 2,899.89 and the BSE Small Cap grew by 14.69 points to 3,214.74.
The Asian markets are trading mixed today as Hang Seng, Straits Times and Seoul Composite index are trading up by (0.30%), (0.89%) and (1.51%) respectively. However, Nikkei 225 index is trading marginally down by (0.02%).
The US stock markets on Monday plunged due to concerns about the possible bankruptcy of General Motors and Chrysler after the White House rejected turnaround plans from General Motors Corp. and Chrysler. Further some renewed concerns that banks may need more federal financing also weighed over the sentiments. The Dow Jones Industrial Average (DJIA) dropped by 254.16 points to close at 7,522.02. The NASDAQ Composite (RIXF) index increased by 43.40 points to close at 1,501.80 and the S&P 500 (SPX) fell by 28.41 points to close at 787.53.
Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading higher by (3.45%) at Rs. 178.25 while ICICI Bank reported the top loser down by (3.89%) at Rs. 324.80.
The overall market breadth is positive as 815 stocks are advancing while 515 stocks are declining on BSE.
BSE Capital Goods index is trading higher by 116.72 points or (1.86%) to trade at 6,377.02. The top gainers are Alstom Project increased by (3.20%) to Rs.285, BEML up by (2.90%) to Rs.390, Siemens inclined by (2.72%) to Rs.251.55 followed by Gammon India grew by (2.56%) to Rs. 58.10.
BSE Power index is trading higher by 29.81 points or (1.64%) at 1,850.77. The major gainers are GVK Power up by (2.31%) to Rs. 22.15, Reliance Power grew by (2.24%) at Rs. 102.75, Tata Power inclined by (1.96%) to Rs. 779 and Suzlon Energy increased by (1.57%) to Rs. 42.
BHEL is advancing by (1.86%) to Rs. 1,499.90. Bharat Electronics Ltd. has signed an agreement with BHEL to jointly set up a company for solar photo voltaic cell business.
L&T is trading higher by (1.77%) at Rs. 663.20. The company has received an order worth Rs. 345 crore from the Nuclear Power Corporation of India Ltd (NPCIL) for manufacturing and supplying steam generators.
The BSE Sensex is now trading below the 9,600 mark and the NSE Nifty trading below the 3,000 mark.
At 10.32AM, the BSE Sensex was up by 27.74 points at 9,595.88 and the Nifty was up by 13.95 points to 2,992.10.
The BSE Mid Cap increased by 9.30 points to 2,899.89 and the BSE Small Cap grew by 14.69 points to 3,214.74.
The Asian markets are trading mixed today as Hang Seng, Straits Times and Seoul Composite index are trading up by (0.30%), (0.89%) and (1.51%) respectively. However, Nikkei 225 index is trading marginally down by (0.02%).
The US stock markets on Monday plunged due to concerns about the possible bankruptcy of General Motors and Chrysler after the White House rejected turnaround plans from General Motors Corp. and Chrysler. Further some renewed concerns that banks may need more federal financing also weighed over the sentiments. The Dow Jones Industrial Average (DJIA) dropped by 254.16 points to close at 7,522.02. The NASDAQ Composite (RIXF) index increased by 43.40 points to close at 1,501.80 and the S&P 500 (SPX) fell by 28.41 points to close at 787.53.
Tata Motors reported the top gainer from the BSE Sensex pack, as it is trading higher by (3.45%) at Rs. 178.25 while ICICI Bank reported the top loser down by (3.89%) at Rs. 324.80.
The overall market breadth is positive as 815 stocks are advancing while 515 stocks are declining on BSE.
BSE Capital Goods index is trading higher by 116.72 points or (1.86%) to trade at 6,377.02. The top gainers are Alstom Project increased by (3.20%) to Rs.285, BEML up by (2.90%) to Rs.390, Siemens inclined by (2.72%) to Rs.251.55 followed by Gammon India grew by (2.56%) to Rs. 58.10.
BSE Power index is trading higher by 29.81 points or (1.64%) at 1,850.77. The major gainers are GVK Power up by (2.31%) to Rs. 22.15, Reliance Power grew by (2.24%) at Rs. 102.75, Tata Power inclined by (1.96%) to Rs. 779 and Suzlon Energy increased by (1.57%) to Rs. 42.
BHEL is advancing by (1.86%) to Rs. 1,499.90. Bharat Electronics Ltd. has signed an agreement with BHEL to jointly set up a company for solar photo voltaic cell business.
L&T is trading higher by (1.77%) at Rs. 663.20. The company has received an order worth Rs. 345 crore from the Nuclear Power Corporation of India Ltd (NPCIL) for manufacturing and supplying steam generators.
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