The markets today continued its yesterday’s rally and opened sharply higher on the back of positive global cues. The NSE Nifty has surpassed the 3000 mark and the BSE Sensex crossed the 9800 mark in the early trade. All the sectorial indices are trading in green in the opening trade. The Capital Goods, Power, Metal and FMCG stocks are witnessing significant buying momentum in the early trade. The broader markets also joined the rally today as both the BSE Mid Cap and the BSE Small Cap are trading with a gain of more than 0.8% each. However some volatility emerged at the higher level ahead of the March F&O series today.
The BSE Sensex is now trading above the 9,800 mark and the NSE Nifty trading above the 3,000 mark.
At 10.32AM, the BSE Sensex was up by 146.34 points at 9,814.24 and the Nifty was up by 39.10 points to 3,023.45.
The BSE Mid Cap increased by 24.57 points to 2,865.74 and the BSE Small Cap grew by 25.48 points to 3,190.94.
The Asian markets are trading higher today as Hang Seng, Nikkei, Straits Times and Seoul Composite index are trading up by (2.55%), (0.94%), (2.55%) and (0.68%) respectively.
The US stock markets rose on Wednesday on the back of better than expected economic data. However, the trading remained volatile due to weak demand for a government auction of 5-year Treasuries. The financial sector managed to gain momentum led by diversified financial services stocks. The Dow Jones Industrial Average (DJIA) advanced by 89.84 points to close at 7,749.81. The NASDAQ Composite (RIXF) index increased by 12.43 points to close at 1,528.95 and the S&P 500 (SPX) grew by 7.63 points to close at 813.88.
BHEL reported the top gainer from the BSE Sensex pack, as it is trading higher by (6.04%) at Rs. 1,573 while Mahindra & Mahindra reported the top loser down by (0.12%) at Rs. 378.90.
The overall market breadth is positive as 980 stocks are advancing while 432 stocks are declining on BSE.
BSE Capital Goods index is trading higher by 222.85 points or (3.66%) to trade at 6,317.76. The top gainers are Havells India increased by (14.52%) to Rs.147.05, BHEL up by (5.62%) to Rs.1,586.65, ABB inclined by (4.28%) to Rs.408.90 followed by L&T grew by (2.69%) to Rs. 640.10.
Tata Communication is advancing by (2.71%) to Rs. 538.20. The company has sold one percent stake in Tata Teleservices, the partly held flagship telecom business of the Tata Group to Japan''s telecom company NTT DoCoMo for Rs 424 crore.
Gail India is decreasing by (0.45%). The company will spin off its marketing business into a separate firm from April 1. GAIL India will remain a gas transmission company and will construct cross-country pipelines to transport gas, while GAIL Gas (GGL) will carry out marketing business. However, all allied businesses such as petrochemicals and telecom will remain under GAIL India.
The BSE Sensex is now trading above the 9,800 mark and the NSE Nifty trading above the 3,000 mark.
At 10.32AM, the BSE Sensex was up by 146.34 points at 9,814.24 and the Nifty was up by 39.10 points to 3,023.45.
The BSE Mid Cap increased by 24.57 points to 2,865.74 and the BSE Small Cap grew by 25.48 points to 3,190.94.
The Asian markets are trading higher today as Hang Seng, Nikkei, Straits Times and Seoul Composite index are trading up by (2.55%), (0.94%), (2.55%) and (0.68%) respectively.
The US stock markets rose on Wednesday on the back of better than expected economic data. However, the trading remained volatile due to weak demand for a government auction of 5-year Treasuries. The financial sector managed to gain momentum led by diversified financial services stocks. The Dow Jones Industrial Average (DJIA) advanced by 89.84 points to close at 7,749.81. The NASDAQ Composite (RIXF) index increased by 12.43 points to close at 1,528.95 and the S&P 500 (SPX) grew by 7.63 points to close at 813.88.
BHEL reported the top gainer from the BSE Sensex pack, as it is trading higher by (6.04%) at Rs. 1,573 while Mahindra & Mahindra reported the top loser down by (0.12%) at Rs. 378.90.
The overall market breadth is positive as 980 stocks are advancing while 432 stocks are declining on BSE.
BSE Capital Goods index is trading higher by 222.85 points or (3.66%) to trade at 6,317.76. The top gainers are Havells India increased by (14.52%) to Rs.147.05, BHEL up by (5.62%) to Rs.1,586.65, ABB inclined by (4.28%) to Rs.408.90 followed by L&T grew by (2.69%) to Rs. 640.10.
Tata Communication is advancing by (2.71%) to Rs. 538.20. The company has sold one percent stake in Tata Teleservices, the partly held flagship telecom business of the Tata Group to Japan''s telecom company NTT DoCoMo for Rs 424 crore.
Gail India is decreasing by (0.45%). The company will spin off its marketing business into a separate firm from April 1. GAIL India will remain a gas transmission company and will construct cross-country pipelines to transport gas, while GAIL Gas (GGL) will carry out marketing business. However, all allied businesses such as petrochemicals and telecom will remain under GAIL India.
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