The markets opened on a strong note on the back of positive cues from the global markets. The Asian markets are also trading higher today. All the sectorial indices are trading in green in the opening trade. The rate sensitive stocks are in the demand in the early trade. The Bank and Realty index outperformed the benchmark index in the opening trade and they are trading with a gain of around 5% each. Further the Capital Goods, IT and Auto stocks are also on the buyer’s ride today. The broader markets are also trading higher as both the BSE Mid Cap and the BSE Small Cap are trading with a gain of more than 1% each.
Tata Motors advancing by (0.18%) after the company announced the commercial launch of the Tata Nano, keenly awaited across India since its unveiling on January 10, 2008. The Tata Nano is BS-III* compliant and comes with an all-new 2-cylinder aluminum MPFI 624 cc petrol engine mated to a four-speed gear box and will be available in three variants.
At 10.35AM, the BSE Sensex was up by 209.24 points at 9,633.26 and the Nifty was up by 51 points to 2,990.90.
The BSE Mid Cap increased by 52.32 points to 2,888.76 and the BSE Small Cap grew by 38.37 points to 3,215.29.
The Asian markets are trading higher today as Hang Seng, Nikkei, Straits Times and Seoul Composite index are trading up by (1.59%), (1.37%%), (2.92%), (2.49%) and (0.79%) respectively.
The US stock markets on Monday surged after the treasury department unveiled its plan to remove bad assets from banks'' balance sheets. Further, a better-than-expected existing home sales report also spurted to the rally. The financial sector rallied as much as 17% on the back of the toxic asset plan fueled optimism about revival in the bank lending. The Dow Jones Industrial Average (DJIA) surged by 497.48 points to close at 7,775.86. The NASDAQ Composite (RIXF) index increased by 98.50 points to close at 1,555.77 and the S&P 500 (SPX) grew by 54.38 points to close at 822.92.
The BSE Sensex is now trading above the 9,600 mark and the NSE Nifty trading above the 2,950 mark.
ICICI Bank reported the top gainer from the BSE Sensex pack, as it is trading higher by (7.38%) at Rs. 372.25 while NTPC reported the top loser down by (0.87%) at Rs. 182.05.
The overall market breadth is positive as 1079 stocks are advancing while 452 stocks are declining on BSE.
BSE Bank index is trading higher by 205.45 points or (4.75%) to trade at 4,530.99. The top gainers are HDFC Bank grew by (6.82%) to Rs. 945, Axis Bank increased by (4.67%) to Rs.391.50, Bank of Baroda up by (4.44%) to Rs.230.50 followed by ICICI Bank inclined by (4.90%) to Rs.363.65.
BSE Realty is trading higher by 39.66 points at 1,617.34. Leading the gains are Omaxe Ltd. increased by (12.79%) to Rs.48.50, Parsavnath up by (4.73%) to Rs.35.40 followed by Orbit Co and Unitech inclined by (2.18%) and (2.15%) to Rs.53.90 and Rs. 28.55 respectively.
Tata Motors advancing by (0.18%) after the company announced the commercial launch of the Tata Nano, keenly awaited across India since its unveiling on January 10, 2008. The Tata Nano is BS-III* compliant and comes with an all-new 2-cylinder aluminum MPFI 624 cc petrol engine mated to a four-speed gear box and will be available in three variants.
At 10.35AM, the BSE Sensex was up by 209.24 points at 9,633.26 and the Nifty was up by 51 points to 2,990.90.
The BSE Mid Cap increased by 52.32 points to 2,888.76 and the BSE Small Cap grew by 38.37 points to 3,215.29.
The Asian markets are trading higher today as Hang Seng, Nikkei, Straits Times and Seoul Composite index are trading up by (1.59%), (1.37%%), (2.92%), (2.49%) and (0.79%) respectively.
The US stock markets on Monday surged after the treasury department unveiled its plan to remove bad assets from banks'' balance sheets. Further, a better-than-expected existing home sales report also spurted to the rally. The financial sector rallied as much as 17% on the back of the toxic asset plan fueled optimism about revival in the bank lending. The Dow Jones Industrial Average (DJIA) surged by 497.48 points to close at 7,775.86. The NASDAQ Composite (RIXF) index increased by 98.50 points to close at 1,555.77 and the S&P 500 (SPX) grew by 54.38 points to close at 822.92.
The BSE Sensex is now trading above the 9,600 mark and the NSE Nifty trading above the 2,950 mark.
ICICI Bank reported the top gainer from the BSE Sensex pack, as it is trading higher by (7.38%) at Rs. 372.25 while NTPC reported the top loser down by (0.87%) at Rs. 182.05.
The overall market breadth is positive as 1079 stocks are advancing while 452 stocks are declining on BSE.
BSE Bank index is trading higher by 205.45 points or (4.75%) to trade at 4,530.99. The top gainers are HDFC Bank grew by (6.82%) to Rs. 945, Axis Bank increased by (4.67%) to Rs.391.50, Bank of Baroda up by (4.44%) to Rs.230.50 followed by ICICI Bank inclined by (4.90%) to Rs.363.65.
BSE Realty is trading higher by 39.66 points at 1,617.34. Leading the gains are Omaxe Ltd. increased by (12.79%) to Rs.48.50, Parsavnath up by (4.73%) to Rs.35.40 followed by Orbit Co and Unitech inclined by (2.18%) and (2.15%) to Rs.53.90 and Rs. 28.55 respectively.
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