The benchmark indices are witnessing some volatility today and are swinging in between the positive and negative territory. The buying interest is seen among the FMCG, Realty and Pharma stocks. However, the Banking, Auto, Capital Goods and Metal stocks are still reeling under pressure. The broader markets are however trading flat today.
The overall market breadth is negative as 1136 stocks are advancing while 1282 stocks are declining in BSE.
Bharti Airtel reported the top gainer from the BSE Sensex pack, as it is trading up by (4.65%) at Rs. 720.80 while Tata Steel reported the top loser down by (6.16%) at Rs. 246.65.
At 2.37PM BSE Sensex is at 10,958.57 down by 20.93 points and Nifty is at 3,379.15 up by 2.05 points.
The BSE Mid Cap is lower by 13.33 points at 3,515.58 while the BSE Small Cap increased by 6.12 points to 4,017.27.
RBI in its monetary policy review 2009-10 stated that the real GDP growth for 2009-10 is placed at around 6%. The government had initiated fiscal and monetary stimulus measures during 2008-09 and moreover the lower commodity prices could cushion the downturn in the growth momentum during 2009-10. However, the India Meteorological Department in its forecast of South-West monsoon expects a normal rainfall at 96 per cent of its long period average for the current year.
Moreover, keeping in view the global trend in commodity prices and demand supply balance, RBI''''s projected WPI inflation to be around 4% by the end of March 2010. Moreover, it expects the WPI inflation to be in the negative territory in the early part of 2009-10.
The Bankex index is trading with deep cut of 147.81 points at 5,325.64. Losers from this pack are Bank of India trading lower by 5.18% at Rs251 along with ICICI Bank by 4.75% at Rs406.30, Bank of Baroda by 4.28% at Rs281.50, Kotak bank by 4.25% at Rs381.55, Punjab National Bank by 3.82% at Rs467.40, Canara bank by 3.16% at Rs192.80, Union bank by 2.76% at Rs163.70, SBI by 2.70% at Rs1261 and IOB by 2.58% at Rs67.85.
The FMCG index is trading with gains of 36.20 points or 1.75% at 2,108.03. Leading from this pack are Dabur India trading up by 6.17% at Rs105 followed by ITC by 3.07% at Rs189.85, HUL by 1.26% at Rs241, Britannia Inds by 0.49% at Rs1606.40, Colgate Palmolive by 0.44% at Rs461.35, Tata Tea by 0.21% at Rs689.55 and Ruchi Soya by 0.18% at Rs28.50.
The most active shares on NSE are Unitech trading at Rs.52.70 with a total traded quantity of 48986392 shares followed by Suzlon Energy trading at Rs.56.35 with a total traded quantity of 47426813 shares.
On the global markets front, the European markets are trading higher as the FTSE 100 and the DAX index are trading up by (0.68%) and (1.17%).
The overall market breadth is negative as 1136 stocks are advancing while 1282 stocks are declining in BSE.
Bharti Airtel reported the top gainer from the BSE Sensex pack, as it is trading up by (4.65%) at Rs. 720.80 while Tata Steel reported the top loser down by (6.16%) at Rs. 246.65.
At 2.37PM BSE Sensex is at 10,958.57 down by 20.93 points and Nifty is at 3,379.15 up by 2.05 points.
The BSE Mid Cap is lower by 13.33 points at 3,515.58 while the BSE Small Cap increased by 6.12 points to 4,017.27.
RBI in its monetary policy review 2009-10 stated that the real GDP growth for 2009-10 is placed at around 6%. The government had initiated fiscal and monetary stimulus measures during 2008-09 and moreover the lower commodity prices could cushion the downturn in the growth momentum during 2009-10. However, the India Meteorological Department in its forecast of South-West monsoon expects a normal rainfall at 96 per cent of its long period average for the current year.
Moreover, keeping in view the global trend in commodity prices and demand supply balance, RBI''''s projected WPI inflation to be around 4% by the end of March 2010. Moreover, it expects the WPI inflation to be in the negative territory in the early part of 2009-10.
The Bankex index is trading with deep cut of 147.81 points at 5,325.64. Losers from this pack are Bank of India trading lower by 5.18% at Rs251 along with ICICI Bank by 4.75% at Rs406.30, Bank of Baroda by 4.28% at Rs281.50, Kotak bank by 4.25% at Rs381.55, Punjab National Bank by 3.82% at Rs467.40, Canara bank by 3.16% at Rs192.80, Union bank by 2.76% at Rs163.70, SBI by 2.70% at Rs1261 and IOB by 2.58% at Rs67.85.
The FMCG index is trading with gains of 36.20 points or 1.75% at 2,108.03. Leading from this pack are Dabur India trading up by 6.17% at Rs105 followed by ITC by 3.07% at Rs189.85, HUL by 1.26% at Rs241, Britannia Inds by 0.49% at Rs1606.40, Colgate Palmolive by 0.44% at Rs461.35, Tata Tea by 0.21% at Rs689.55 and Ruchi Soya by 0.18% at Rs28.50.
The most active shares on NSE are Unitech trading at Rs.52.70 with a total traded quantity of 48986392 shares followed by Suzlon Energy trading at Rs.56.35 with a total traded quantity of 47426813 shares.
On the global markets front, the European markets are trading higher as the FTSE 100 and the DAX index are trading up by (0.68%) and (1.17%).
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