After a subdued start, the major Indian bourses turned volatile as traders have chosen a cautious path amid lack of encouraging cues from the global counterparts. The sentiments across the market are still bleak on account of expectation of contraction in IIP figures. However, thanks to some strong buying in IT majors, the markets have pulled itself into the positive territory now.
On a stock specific news, JSW Steel is trading down by nearly 5% on the back of a decision to sell its plants in the US to cut rising losses, after a sharp fall in demand triggered by the global economic slump.
During the last hours'' trading session, buying interest seen across IT and TECk stocks whereas Selling pressure has emerged across Captial Goods (CG) and Consumer Durable (CD) counters.
Among the BSE sectoral indices, IT, TECk and FMCG stocks surged by 2.36%, 1.50% and 0.83% respectively, while the CG and CD indices declined by 1.71% and 1.66% respectively.
Overall the market breadth is negative as 1089 stocks are trading in red while 727 stocks are in green.
The BSE Sensex surged by 79.35 points at 11,762.35 while NSE Nifty up by 16.65 points at 3,571.25. Besides, the BSE Mid Cap and Small Cap are trading lower by 26.75 points and 10.39 points at 3,684.67 and 4,174.93 respectively.
Gainers from the BSE Sensex Pack are Infosys Tech up by (3.10%) to Rs. 1561.5, along with Wipro Ltd by (2.55%) to Rs. 358.3, HDFC Bank Ltd by (1.74%) at Rs. 1,164.7, ITC Ltd by (1.60%) at Rs. 190.5, Reliance Communication by (1.58%) at Rs. 222.4 and Jai Prakash Associate by (1.44%) at Rs.137.5.
Gainers from the NSE Nifty Pack are Infosys Tech surged by (2.79%) at Rs. 1559.95 along with Gail India Ltd by (2.55%) at Rs. 267.5, National Aluminium Company by (2.53%) at Rs. 253.3, Wipro Ltd by (2.52%) at Rs. 358.4, Unitech Ltd by (2.19%) at Rs. 49.1 and BPCL by (2.14%) at Rs. 362.
BSE IT is trading higher by (2.36%) or 63.53 points at 2,760.24. The major gainers are Infosys Technologies surged by (3.10%) at Rs. 1,561.5 along with Wipro Ltd by (2.55%) at Rs. 358.3, NIIT Ltd by (1.85%) at Rs. 30.25 followed by HCL Tech by (1.35%) at Rs. 143.
BSE CG is trading lower by (1.71%) or 141.66 points at 8,154.47. The top losers in the index are Usha Martin declined by (5.15%) to Rs.38.65 along with Havells India by (4.44%) to Rs. 226, Areva by (1.96%) to Rs. 224.75, followed by L&T by (1.91%) at Rs. 944.50.
On a stock specific news, JSW Steel is trading down by nearly 5% on the back of a decision to sell its plants in the US to cut rising losses, after a sharp fall in demand triggered by the global economic slump.
During the last hours'' trading session, buying interest seen across IT and TECk stocks whereas Selling pressure has emerged across Captial Goods (CG) and Consumer Durable (CD) counters.
Among the BSE sectoral indices, IT, TECk and FMCG stocks surged by 2.36%, 1.50% and 0.83% respectively, while the CG and CD indices declined by 1.71% and 1.66% respectively.
Overall the market breadth is negative as 1089 stocks are trading in red while 727 stocks are in green.
The BSE Sensex surged by 79.35 points at 11,762.35 while NSE Nifty up by 16.65 points at 3,571.25. Besides, the BSE Mid Cap and Small Cap are trading lower by 26.75 points and 10.39 points at 3,684.67 and 4,174.93 respectively.
Gainers from the BSE Sensex Pack are Infosys Tech up by (3.10%) to Rs. 1561.5, along with Wipro Ltd by (2.55%) to Rs. 358.3, HDFC Bank Ltd by (1.74%) at Rs. 1,164.7, ITC Ltd by (1.60%) at Rs. 190.5, Reliance Communication by (1.58%) at Rs. 222.4 and Jai Prakash Associate by (1.44%) at Rs.137.5.
Gainers from the NSE Nifty Pack are Infosys Tech surged by (2.79%) at Rs. 1559.95 along with Gail India Ltd by (2.55%) at Rs. 267.5, National Aluminium Company by (2.53%) at Rs. 253.3, Wipro Ltd by (2.52%) at Rs. 358.4, Unitech Ltd by (2.19%) at Rs. 49.1 and BPCL by (2.14%) at Rs. 362.
BSE IT is trading higher by (2.36%) or 63.53 points at 2,760.24. The major gainers are Infosys Technologies surged by (3.10%) at Rs. 1,561.5 along with Wipro Ltd by (2.55%) at Rs. 358.3, NIIT Ltd by (1.85%) at Rs. 30.25 followed by HCL Tech by (1.35%) at Rs. 143.
BSE CG is trading lower by (1.71%) or 141.66 points at 8,154.47. The top losers in the index are Usha Martin declined by (5.15%) to Rs.38.65 along with Havells India by (4.44%) to Rs. 226, Areva by (1.96%) to Rs. 224.75, followed by L&T by (1.91%) at Rs. 944.50.
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