After a gap down opening, the benchmark indices have now bounced back to trade in the green. The sentiments across Asian Markets are very weak as majority of the markets are trading in deep red. There is subdued buying in frontline stocks however on the other hand midcaps and smallcaps have outperformed.
Banking, Healthcare, Metal and Capital goods the market have rebounded into the positive territory. On a stock specific move, Ranbaxy Laboratories has lost over 3.5% due to a huge quarterly net loss on derivative valuations and as a US ban hit sales, and it also forecast a second straight year of losses.
Among the sectoral indices, the BSE Bankex and Capital Goods indices are up by 2.30% and 1.75% respectively, whereas the IT and TECk indices on the BSE has down by 1.23% and 0.80% respectively.
Overall the market breadth is positive as 1265 stocks are trading in green while 595 stocks are in red.
The BSE Sensex up by 52.39 points at 11,381.45 whereas NSE Nifty surged by 8.6 points at 3,489.35. The BSE Mid Cap and Small Cap are trading higher by 46.5 points and 49.2 points at 3,646.59 and 4,117.46 respectively.
Gainers from the BSE Sensex Pack are ICICI Bank up by (4.06%) to Rs. 450.05, along with Sterlite Industries Ltd by (3.51%) to Rs. 411.8, BHEL by (1.99%) to Rs. 1671.7, L&T by (1.93%) to Rs. 903.35, DLF Ltd by (1.43%) at Rs.245.55 and Mahindra & Mahindra by (1.28%) at Rs.480.05.
Gainers from the NSE Nifty Pack are Idea Cellular Ltd by (6.19%) at Rs. 64.3 along with Axis Bank by (4.12%) at Rs. 551.4, ICICI Bank by (3.82%) at Rs. 450.7, Sterlite Industries by (3.71%) at Rs. 413.2 and PNB by (3.39%) at Rs.536.
BSE Bankex is trading higher by (2.30%) or 128.62 points at 5,591.70. The major gainers are Federal Bank trading up by (5.65%) at Rs. 188, along with Oriental Bank by (3.90%) at Rs. 141.10, ICICI Bank Ltd by (4.06%) to Rs. 450.05, Axis Bank by (3.26%) at Rs. 546, followed by Allahabad Bank by (2.88%) to Rs.53.55.
BSE IT is trading down by (1.35%) or 34.40 points at 2,521.86. The top losers in the index are Infosys Tech declined by (1.87%) to Rs. 1,421.50 along with Wipro Ltd by (0.91%) to Rs. 309.05, TCS Ltd by (0.53%) to Rs. 579.5 followed by Tech Mahindra by (0.38%) to Rs. 338.5.
Banking, Healthcare, Metal and Capital goods the market have rebounded into the positive territory. On a stock specific move, Ranbaxy Laboratories has lost over 3.5% due to a huge quarterly net loss on derivative valuations and as a US ban hit sales, and it also forecast a second straight year of losses.
Among the sectoral indices, the BSE Bankex and Capital Goods indices are up by 2.30% and 1.75% respectively, whereas the IT and TECk indices on the BSE has down by 1.23% and 0.80% respectively.
Overall the market breadth is positive as 1265 stocks are trading in green while 595 stocks are in red.
The BSE Sensex up by 52.39 points at 11,381.45 whereas NSE Nifty surged by 8.6 points at 3,489.35. The BSE Mid Cap and Small Cap are trading higher by 46.5 points and 49.2 points at 3,646.59 and 4,117.46 respectively.
Gainers from the BSE Sensex Pack are ICICI Bank up by (4.06%) to Rs. 450.05, along with Sterlite Industries Ltd by (3.51%) to Rs. 411.8, BHEL by (1.99%) to Rs. 1671.7, L&T by (1.93%) to Rs. 903.35, DLF Ltd by (1.43%) at Rs.245.55 and Mahindra & Mahindra by (1.28%) at Rs.480.05.
Gainers from the NSE Nifty Pack are Idea Cellular Ltd by (6.19%) at Rs. 64.3 along with Axis Bank by (4.12%) at Rs. 551.4, ICICI Bank by (3.82%) at Rs. 450.7, Sterlite Industries by (3.71%) at Rs. 413.2 and PNB by (3.39%) at Rs.536.
BSE Bankex is trading higher by (2.30%) or 128.62 points at 5,591.70. The major gainers are Federal Bank trading up by (5.65%) at Rs. 188, along with Oriental Bank by (3.90%) at Rs. 141.10, ICICI Bank Ltd by (4.06%) to Rs. 450.05, Axis Bank by (3.26%) at Rs. 546, followed by Allahabad Bank by (2.88%) to Rs.53.55.
BSE IT is trading down by (1.35%) or 34.40 points at 2,521.86. The top losers in the index are Infosys Tech declined by (1.87%) to Rs. 1,421.50 along with Wipro Ltd by (0.91%) to Rs. 309.05, TCS Ltd by (0.53%) to Rs. 579.5 followed by Tech Mahindra by (0.38%) to Rs. 338.5.
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