The markets today opened on a flat note after a sharp three day’s of continuous rally. However the markets are trading with negative bias on the back of mixed cues from the global markets. The Metal, Realty, Banking and Auto stocks are witnessing some buying momentum. However, the IT and Oil & Gas stocks edged lower. The BSE Mid Cap and the Small Cap index are however trading higher with a gain of around 1% each in the early trade.
India’s advance tax collections for the fourth quarter remained mixed. India''s advance tax collections till March 15, stood at Rs 2.82 lakh crore as against the budgeted Rs 3.95 lakh crore for FY09.
The Asian markets are trading higher today barring the Straits Times index, which is trading down by (0.70%). However, the Hang Seng, Nikkei 255 and Seoul Composite index are trading up by (0.57%), (2.04%) and (2%) respectively.
The US stock markets on Monday ended lower after four straight days of winning streak due to weakness among the technology space and rising concern over rising credit card defaults. American Express said the number of credit-card delinquencies rose in February. The Dow Jones Industrial Average (DJIA) slipped by 7.01 points to close at 7,216.97. The NASDAQ Composite (RIXF) index decreased by 27.48 points to close at 1,404.02 and the S&P 500 (SPX) fell by 2.66 points to close at 753.89.
The BSE Sensex is now trading below the 8,900 mark and the NSE Nifty trading below the 2,770 mark.
Mahindra & Mahindra reported the top gainer from the BSE Sensex pack, as it is trading higher by (2.66%) at Rs. 384 while TCS reported the top loser down by (4.10%) at Rs. 498.50.
The overall market breadth is positive as 777 stocks are advancing while 476 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was down by 54.70 points at 8,888.84 and the Nifty was down by 15.55 points to 2,761.70.
The BSE Mid Cap increased by 7.88 points to 2,708.44 and the BSE Small Cap grew by 26.18 points to 3,024.67.
BSE Metal index is trading higher by 68.46 points or (1.38%) to trade at 5,035.90. The top gainers are Jindal Steel increased by (3.09%) to Rs.1,118.35, Jindal Saw up by (3.03%) to Rs.160, Gujarat NRE inclined by (2.22%) to Rs.18.45 followed by Tata Steel grew by (1.90%) to Rs. 172.05.
BSE Realty index advancing by 24.06 points or (1.62%) to trade at 1,507.97. The major gainers are Unitech inclined by (1.90%) to Rs. 26.80, Mahindra Life up by (1.17%) to Rs.112.10, Omaxe Ltd. increased by (0.83%) to Rs.42.75 followed by Ansal Infra up by (0.63%) to Rs.24.10.
India’s advance tax collections for the fourth quarter remained mixed. India''s advance tax collections till March 15, stood at Rs 2.82 lakh crore as against the budgeted Rs 3.95 lakh crore for FY09.
The Asian markets are trading higher today barring the Straits Times index, which is trading down by (0.70%). However, the Hang Seng, Nikkei 255 and Seoul Composite index are trading up by (0.57%), (2.04%) and (2%) respectively.
The US stock markets on Monday ended lower after four straight days of winning streak due to weakness among the technology space and rising concern over rising credit card defaults. American Express said the number of credit-card delinquencies rose in February. The Dow Jones Industrial Average (DJIA) slipped by 7.01 points to close at 7,216.97. The NASDAQ Composite (RIXF) index decreased by 27.48 points to close at 1,404.02 and the S&P 500 (SPX) fell by 2.66 points to close at 753.89.
The BSE Sensex is now trading below the 8,900 mark and the NSE Nifty trading below the 2,770 mark.
Mahindra & Mahindra reported the top gainer from the BSE Sensex pack, as it is trading higher by (2.66%) at Rs. 384 while TCS reported the top loser down by (4.10%) at Rs. 498.50.
The overall market breadth is positive as 777 stocks are advancing while 476 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was down by 54.70 points at 8,888.84 and the Nifty was down by 15.55 points to 2,761.70.
The BSE Mid Cap increased by 7.88 points to 2,708.44 and the BSE Small Cap grew by 26.18 points to 3,024.67.
BSE Metal index is trading higher by 68.46 points or (1.38%) to trade at 5,035.90. The top gainers are Jindal Steel increased by (3.09%) to Rs.1,118.35, Jindal Saw up by (3.03%) to Rs.160, Gujarat NRE inclined by (2.22%) to Rs.18.45 followed by Tata Steel grew by (1.90%) to Rs. 172.05.
BSE Realty index advancing by 24.06 points or (1.62%) to trade at 1,507.97. The major gainers are Unitech inclined by (1.90%) to Rs. 26.80, Mahindra Life up by (1.17%) to Rs.112.10, Omaxe Ltd. increased by (0.83%) to Rs.42.75 followed by Ansal Infra up by (0.63%) to Rs.24.10.
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