The markets today opened with a significant gap up after two days of holiday session. The Asian markets are also trading lower amid renewed worries about the economy. The rally was witnessed among the IT, FMCG, Oil & Gas, Banking and Metal stocks. All the sectorial indices are trading in green in the early trade. The BSE Mid Cap and the Small Cap index also joined the rally today in the early trade.
Further the markets are eyeing over the key January IIP data and inflation data, which are to be revealed by noon.
The Asian markets are trading lower today as Hang Seng, Nikkei 255, Straits Times and Seoul Composite index are trading lower by (0.48%), (1.93%), (1.35%) and (1.54%) respectively. Japan, the world’s second largest economy shrank at the fastest pace in 34 years in the fourth quarter of 2008. According to the revised data, Japan’s economy contracts 3.2% from the previous quarter mainly due to the sharp fall in exports. Further the country’s factory output and exports plunged by records in January. Exports were down 13.8% in the October-December quarter.
The US stock markets on Wednesday ended marginally higher with the financial stocks rallied on he back of the announcement by Citigroup that it will report profit in early 2009 followed by the announcement by JP Morgan Chase that the bank was profitable in the first two months of the year. The Dow Jones Industrial Average (DJIA) advanced by 3.91 points to close at 6,930.40. The NASDAQ Composite (RIXF) index increased by 13.36 points to close at 1,371.64 and the S&P 500 (SPX) grew by 1.76 points to close at 721.36.
The BSE Sensex is now trading above the 8,250 mark and the NSE Nifty trading above the 2,600 mark.
ICICI Bank reported the top gainer from the BSE Sensex pack, as it is trading higher by (4.96%) at Rs. 276 while Bharti Airtel reported the top loser down by (2.73%) at Rs. 571.70.
The overall market breadth is positive as 795 stocks are advancing while 348 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was up by 128.78 points at 8,289.18 and the Nifty was up by 35.20 points to 2,606.10.
The BSE Mid Cap increased by 15.87 points to 2,569.36 and the BSE Small Cap grew by 19.10 points to 2,885.78.
BSE Bank index is trading higher by 116.71 points or (3.21%) to trade at 3,749.94. The top gainers are ICICI Bank increased by (5.40%) to Rs.277.15, Indus Ind Bank up by (4.05%) to Rs.29.55, AXIS Bank inclined by (3.28%) to Rs.290.10 followed by PNB grew by (3.49%) to Rs. 314.35.
BSE IT index is trading higher by 60.99 points or (3.01%) to trade at 2,086.28. The major gainers are Financial Technologies inclined by (4.90%) to Rs. 469.60, Tech Mahindra up by (3.10%) to Rs.271.20, Infosys Technologies increased by (2.97%) to Rs.1,232.30 followed by TCS up by (2.96%) to Rs.476.10.
Wipro is trading higher by (2.67%) at Rs. 211.80. The company’s subsidiary Infocrossing has entered into a five-year contract with CSG Systems International, to provide IT and infrastructure services delivery.
Further the markets are eyeing over the key January IIP data and inflation data, which are to be revealed by noon.
The Asian markets are trading lower today as Hang Seng, Nikkei 255, Straits Times and Seoul Composite index are trading lower by (0.48%), (1.93%), (1.35%) and (1.54%) respectively. Japan, the world’s second largest economy shrank at the fastest pace in 34 years in the fourth quarter of 2008. According to the revised data, Japan’s economy contracts 3.2% from the previous quarter mainly due to the sharp fall in exports. Further the country’s factory output and exports plunged by records in January. Exports were down 13.8% in the October-December quarter.
The US stock markets on Wednesday ended marginally higher with the financial stocks rallied on he back of the announcement by Citigroup that it will report profit in early 2009 followed by the announcement by JP Morgan Chase that the bank was profitable in the first two months of the year. The Dow Jones Industrial Average (DJIA) advanced by 3.91 points to close at 6,930.40. The NASDAQ Composite (RIXF) index increased by 13.36 points to close at 1,371.64 and the S&P 500 (SPX) grew by 1.76 points to close at 721.36.
The BSE Sensex is now trading above the 8,250 mark and the NSE Nifty trading above the 2,600 mark.
ICICI Bank reported the top gainer from the BSE Sensex pack, as it is trading higher by (4.96%) at Rs. 276 while Bharti Airtel reported the top loser down by (2.73%) at Rs. 571.70.
The overall market breadth is positive as 795 stocks are advancing while 348 stocks are declining on BSE.
At 10.33AM, the BSE Sensex was up by 128.78 points at 8,289.18 and the Nifty was up by 35.20 points to 2,606.10.
The BSE Mid Cap increased by 15.87 points to 2,569.36 and the BSE Small Cap grew by 19.10 points to 2,885.78.
BSE Bank index is trading higher by 116.71 points or (3.21%) to trade at 3,749.94. The top gainers are ICICI Bank increased by (5.40%) to Rs.277.15, Indus Ind Bank up by (4.05%) to Rs.29.55, AXIS Bank inclined by (3.28%) to Rs.290.10 followed by PNB grew by (3.49%) to Rs. 314.35.
BSE IT index is trading higher by 60.99 points or (3.01%) to trade at 2,086.28. The major gainers are Financial Technologies inclined by (4.90%) to Rs. 469.60, Tech Mahindra up by (3.10%) to Rs.271.20, Infosys Technologies increased by (2.97%) to Rs.1,232.30 followed by TCS up by (2.96%) to Rs.476.10.
Wipro is trading higher by (2.67%) at Rs. 211.80. The company’s subsidiary Infocrossing has entered into a five-year contract with CSG Systems International, to provide IT and infrastructure services delivery.
No comments:
Post a Comment