The markets gains some ground in a extremely volatile trade on selective buying across the sectoral indices. Most buying is seen from the auto and the IT baskets while the Realty and CD are on the seller’s radar. The market opens with marginal gains but soon tumbles and pares all its gains as the investors are uncertain about the markets and are looking for some cues to book their positions.
The volatility grips the market since the initial bell due to political uncertainty as well as the corporate earnings seasons are under way. The second phase of election in India started today and the parliamentary elections will conclude on May 13, 2009.
However, the investors are keeping a close eye on the earnings figures of Reliance industries as well as Reliance Infra, Reliance Power and RNRL. The results declaration will give a further direction to the market. The overall the market breadth is negative as 1095 stocks are trading in red while 887 stocks are in green.
BSE Sensex is up by 142.38 points at 10,959.92 while NSE Nifty is trading higher by 44.35 points at 3,374.65. Along with this, the BSE Mid Cap is trading higher by 4.76 points at 3,487.54 while BSE Small Cap is trading down by 13.15 points at 3,949.53.
Gainers from the BSE Sensex Pack are Wipro Ltd trading up by (6.57%) at Rs. 300.15, along with Reliance Communications by (3.81%) at Rs. 222.20, TCS by (3.64%) at Rs. 562.70, Infosys Technologies by (2.52%) at Rs. 1414.15, Tata Motors by (2.22%) at Rs. 237.40 and Maruti Suzuki by (2.09%) at Rs.770.
Losers from the BSE Sensex Pack are Bharti Aitel down by (2.06%) at Rs.696 along with Ranbaxy Labs by (0.85%) at Rs. 176, SBI by (0.76%) at Rs. 1223.20, HDFC Bank by (0.66%) at Rs. 1082, ACC by (0.26%) at Rs. 644.05 and JP Associates by (0.22%) at Rs. 113.10.
BSE IT is trading with gains of 54.37 points or (2.24%) at 2,477.70. The major gainers are Wipro Ltd up by (6.34%) at Rs. 299.50 along with TCS by (3.12%) at Rs. 559.90, Infosys by (2.58%) at Rs.1415 and Oracle Finance by (1.47%) at Rs. 871.25.
BSE Realty index is trading lower by 22.56 points or (1.05%) at 2,121.49. The top losers in the index are Akruti city tumbles by (4.99%) to trade at Rs.361 in line with Anant Raj In by (4.95%) to Rs.87.40, Phoenix Mill by (3.80%) to Rs. 97.55, Orbitco by (3.66%) to Rs. 71 and Unitech by (3.07%) at Rs. 45.85.
The volatility grips the market since the initial bell due to political uncertainty as well as the corporate earnings seasons are under way. The second phase of election in India started today and the parliamentary elections will conclude on May 13, 2009.
However, the investors are keeping a close eye on the earnings figures of Reliance industries as well as Reliance Infra, Reliance Power and RNRL. The results declaration will give a further direction to the market. The overall the market breadth is negative as 1095 stocks are trading in red while 887 stocks are in green.
BSE Sensex is up by 142.38 points at 10,959.92 while NSE Nifty is trading higher by 44.35 points at 3,374.65. Along with this, the BSE Mid Cap is trading higher by 4.76 points at 3,487.54 while BSE Small Cap is trading down by 13.15 points at 3,949.53.
Gainers from the BSE Sensex Pack are Wipro Ltd trading up by (6.57%) at Rs. 300.15, along with Reliance Communications by (3.81%) at Rs. 222.20, TCS by (3.64%) at Rs. 562.70, Infosys Technologies by (2.52%) at Rs. 1414.15, Tata Motors by (2.22%) at Rs. 237.40 and Maruti Suzuki by (2.09%) at Rs.770.
Losers from the BSE Sensex Pack are Bharti Aitel down by (2.06%) at Rs.696 along with Ranbaxy Labs by (0.85%) at Rs. 176, SBI by (0.76%) at Rs. 1223.20, HDFC Bank by (0.66%) at Rs. 1082, ACC by (0.26%) at Rs. 644.05 and JP Associates by (0.22%) at Rs. 113.10.
BSE IT is trading with gains of 54.37 points or (2.24%) at 2,477.70. The major gainers are Wipro Ltd up by (6.34%) at Rs. 299.50 along with TCS by (3.12%) at Rs. 559.90, Infosys by (2.58%) at Rs.1415 and Oracle Finance by (1.47%) at Rs. 871.25.
BSE Realty index is trading lower by 22.56 points or (1.05%) at 2,121.49. The top losers in the index are Akruti city tumbles by (4.99%) to trade at Rs.361 in line with Anant Raj In by (4.95%) to Rs.87.40, Phoenix Mill by (3.80%) to Rs. 97.55, Orbitco by (3.66%) to Rs. 71 and Unitech by (3.07%) at Rs. 45.85.
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