The markets today opened sharply higher with a heavy gap up on the back of strong global cues. All the sectorial indices are trading in green in the opening trade. The broader markets are also witnessing significant buying momentum as both the BSE Mid Cap and the BSE Small Cap index are trading with a gain of more than 2% each.
The Realty, Banking, Metal, Capital Goods and Oil & Gas stocks are witnessing huge buying interest. Meanwhile, the inflation figure is expected a cool off a bit.
The BSE Sensex is now trading around the 10,300 mark and the NSE Nifty trading above the 3,150 mark.
At 10.32AM, the BSE Sensex was up by 391.71 points at 10,293.70 and the Nifty was up by 118.10 points to 3,178.45.
The BSE Mid Cap increased by 80.07 points to 3,091.87 and the BSE Small Cap grew by 77.91 points to 3,417.78.
The Asian markets are trading higher today as Nikkei 255, Hang Seng, Straits Times and Seoul Composite index are trading up by (4.09%), (5.30%), (3.66%) and (3.50%) respectively.
The US stock markets on Wednesday ended higher for a second day in a row on economic reports that helped stocks to overturn early losses. Initially, stocks exhibited weakness as investors responded to an ADP Employment Report that showed more job losses than expected.
Further, market gained momentum and the Dow Jones Industrial Average gained over 150 points as traders concentrated on the bright side of manufacturing data and auto-sales reports to ignore a distressing labor-market survey.
The Dow Jones Industrial Average (DJIA) advanced by 152.68 points to close at 7,761.60. The NASDAQ Composite (RIXF) index increased by 23.01 points to close at 1,551.60 and the S&P 500 (SPX) grew by 13.21 points to close at 811.08.
DLF reported the top gainer from the BSE Sensex pack, as it is trading higher by (9.79%) at Rs. 194 followed by Reliance Infra up by (7.63%) at Rs. 591.50.
The overall market breadth is positive as 1276 stocks are advancing while 241 stocks are declining on BSE.
BSE Realty index is trading higher by 88.83 points or (5.40%) to trade at 1,734.15. The top gainers are DLF increased by (9%) to Rs.192.60, HDIL up by (6.79%) to Rs.96, India Bull Real inclined by (6.04%) to Rs.107.15 followed by Orbit Co grew by (5.08%) to Rs. 58.90.
BSE Bank index is trading higher by 218.52 points or (4.75%) at 4,820.67. The major gainers are Kotak Bank up by (9.42%) to Rs. 328, ICICI Bank grew by (7.20%) at Rs. 374.60 and AXIS Bank inclined by (7.10%) to Rs. 447.50.
L&T is trading higher by (5.18%) at Rs. 707.30. The company has received a contract worth Rs 1,245 crore for construction-related works at the Punatsangchhu Hydroelectric project in Bhutan.
Suzlon Energy advancing by (6.55%) at Rs. 49.60. The wind turbine maker’s North American-arm has signed an order with US-based Duke Energy worth about $45 million for supply of 20 wind turbines.
The Realty, Banking, Metal, Capital Goods and Oil & Gas stocks are witnessing huge buying interest. Meanwhile, the inflation figure is expected a cool off a bit.
The BSE Sensex is now trading around the 10,300 mark and the NSE Nifty trading above the 3,150 mark.
At 10.32AM, the BSE Sensex was up by 391.71 points at 10,293.70 and the Nifty was up by 118.10 points to 3,178.45.
The BSE Mid Cap increased by 80.07 points to 3,091.87 and the BSE Small Cap grew by 77.91 points to 3,417.78.
The Asian markets are trading higher today as Nikkei 255, Hang Seng, Straits Times and Seoul Composite index are trading up by (4.09%), (5.30%), (3.66%) and (3.50%) respectively.
The US stock markets on Wednesday ended higher for a second day in a row on economic reports that helped stocks to overturn early losses. Initially, stocks exhibited weakness as investors responded to an ADP Employment Report that showed more job losses than expected.
Further, market gained momentum and the Dow Jones Industrial Average gained over 150 points as traders concentrated on the bright side of manufacturing data and auto-sales reports to ignore a distressing labor-market survey.
The Dow Jones Industrial Average (DJIA) advanced by 152.68 points to close at 7,761.60. The NASDAQ Composite (RIXF) index increased by 23.01 points to close at 1,551.60 and the S&P 500 (SPX) grew by 13.21 points to close at 811.08.
DLF reported the top gainer from the BSE Sensex pack, as it is trading higher by (9.79%) at Rs. 194 followed by Reliance Infra up by (7.63%) at Rs. 591.50.
The overall market breadth is positive as 1276 stocks are advancing while 241 stocks are declining on BSE.
BSE Realty index is trading higher by 88.83 points or (5.40%) to trade at 1,734.15. The top gainers are DLF increased by (9%) to Rs.192.60, HDIL up by (6.79%) to Rs.96, India Bull Real inclined by (6.04%) to Rs.107.15 followed by Orbit Co grew by (5.08%) to Rs. 58.90.
BSE Bank index is trading higher by 218.52 points or (4.75%) at 4,820.67. The major gainers are Kotak Bank up by (9.42%) to Rs. 328, ICICI Bank grew by (7.20%) at Rs. 374.60 and AXIS Bank inclined by (7.10%) to Rs. 447.50.
L&T is trading higher by (5.18%) at Rs. 707.30. The company has received a contract worth Rs 1,245 crore for construction-related works at the Punatsangchhu Hydroelectric project in Bhutan.
Suzlon Energy advancing by (6.55%) at Rs. 49.60. The wind turbine maker’s North American-arm has signed an order with US-based Duke Energy worth about $45 million for supply of 20 wind turbines.
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