After a gap down opening due to weak global sentiments and below than expected earnings guidance of IT major Infosys Technologies for FY2010, the market has surprisingly taken a U-turn with a smart recovery. Thanks to some rapid buying at lower levels in several front line stocks.
On a stock specific, Infosys Technologies declined by nearly 4.4% on account of disappointing Q4 earnings amid a weakening trend on the global markets. During the last hours'' trading session, heavy selling pressure has emerged across IT, TECk and Banking stocks, whereas buying interest has seen across consumer durables, Capital goods and Realty counters.
Among the BSE sectoral indices, the IT and TECk stocks dipped by 3.57% and 1.39% while Consumer Durables and Capital Goods stokcs surged by 2.38% and 1.97% respectively.
Overall the market breadth is positive as 1643 stocks are trading in green while 437 stocks are in red.
At 11.30 AM, the BSE Sensex increased by 66.01 points at 11,033.23 while NSE Nifty surged by 28.4 points at 3,411. Besides, the BSE Mid Cap and Small Cap are trading higher by 113.13 points and 153.28 points at 3,578.06 and 4,068.44 respectively.
Gainers from the BSE Sensex Pack are Tata Motors Ltd up by (7.22%) to Rs. 270.4, along with Reliance Communications Ltd by (3.70%) to Rs. 227.3, Ranbaxy Lab by (3.43%) at Rs. 194.5, BHEL by (3.13%) at Rs. 1573.05, L&T by (2.43%) at Rs. 844.05 and Jaiprakash associates by (2.42%) at Rs.120.45.
Gainers from the NSE Nifty Pack are Tata motors up by (14.93%) at Rs. 289.8 along with IDEA Cellular by (4.45%) at Rs. 57.5, BHEL by (3.88%) at Rs. 1,585, Reliance Communication by (3.67%) at Rs. 227.25, Ranbaxy Lab Ltd by (3.67%) at Rs. 195 and Ambuja Cements by (3.40%) at Rs. 80.55.
BSE Consumer Durable is trading higher by (2.38%) or 45.43 points at 1,952.42. The major gainers are Gitanjali GE surged by (11.09%) at Rs. 73.15 along with Rajesh Exports by (4.30%) at Rs. 31.50, Videocon ind by (4.27%) at Rs. 129.50 followed by Titan Industries by (3.09%) at Rs. 842.95.
BSE IT is trading down by (3.57%) or 88.77 points at 2,398.26. The top losers in the index are Infosys Technologies declined by (4.17%) to Rs.1,350.3 along with Wipro Ltd by (2.60%) to Rs. 262, TCS Ltd by (2.47%) to Rs. 577.10, followed by Mphasis Ltd by (1.78%) at Rs. 213.05.
On a stock specific, Infosys Technologies declined by nearly 4.4% on account of disappointing Q4 earnings amid a weakening trend on the global markets. During the last hours'' trading session, heavy selling pressure has emerged across IT, TECk and Banking stocks, whereas buying interest has seen across consumer durables, Capital goods and Realty counters.
Among the BSE sectoral indices, the IT and TECk stocks dipped by 3.57% and 1.39% while Consumer Durables and Capital Goods stokcs surged by 2.38% and 1.97% respectively.
Overall the market breadth is positive as 1643 stocks are trading in green while 437 stocks are in red.
At 11.30 AM, the BSE Sensex increased by 66.01 points at 11,033.23 while NSE Nifty surged by 28.4 points at 3,411. Besides, the BSE Mid Cap and Small Cap are trading higher by 113.13 points and 153.28 points at 3,578.06 and 4,068.44 respectively.
Gainers from the BSE Sensex Pack are Tata Motors Ltd up by (7.22%) to Rs. 270.4, along with Reliance Communications Ltd by (3.70%) to Rs. 227.3, Ranbaxy Lab by (3.43%) at Rs. 194.5, BHEL by (3.13%) at Rs. 1573.05, L&T by (2.43%) at Rs. 844.05 and Jaiprakash associates by (2.42%) at Rs.120.45.
Gainers from the NSE Nifty Pack are Tata motors up by (14.93%) at Rs. 289.8 along with IDEA Cellular by (4.45%) at Rs. 57.5, BHEL by (3.88%) at Rs. 1,585, Reliance Communication by (3.67%) at Rs. 227.25, Ranbaxy Lab Ltd by (3.67%) at Rs. 195 and Ambuja Cements by (3.40%) at Rs. 80.55.
BSE Consumer Durable is trading higher by (2.38%) or 45.43 points at 1,952.42. The major gainers are Gitanjali GE surged by (11.09%) at Rs. 73.15 along with Rajesh Exports by (4.30%) at Rs. 31.50, Videocon ind by (4.27%) at Rs. 129.50 followed by Titan Industries by (3.09%) at Rs. 842.95.
BSE IT is trading down by (3.57%) or 88.77 points at 2,398.26. The top losers in the index are Infosys Technologies declined by (4.17%) to Rs.1,350.3 along with Wipro Ltd by (2.60%) to Rs. 262, TCS Ltd by (2.47%) to Rs. 577.10, followed by Mphasis Ltd by (1.78%) at Rs. 213.05.
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