Friday, June 12, 2009

Market On Positive Mode: IIP Data Eyed - June 12, 2009

After a positive start, the major domestic bourses are marching towards the northward on the back of strong sentiments across the other Asian markets. Besides, traders will be keen awaiting IIP data for further cues on domestic growth. On a stock specific news, Sesa Goa jumped by over 10% after country''s largest private iron ore exporter, has bought Goa-based V S Dempo Mining Corporation for Rs 1750 crore.

During the last hours'' trading session, buying interest has emerged across Metal, Power and Capital Goods (CG) stocks whereas Auto sector seen some profit bookings.

Among the BSE sectoral indices, Metal, Power and CG stocks gained by 3.46%, 1.75% and 1.37% respectively, while BSE auto declined by 0.58%.

Overall the market breadth is positive as 1149 stocks are trading in green while 1077 stocks are in red.

The BSE Sensex is up by 135.37 points at 15,546 while NSE Nifty surged by 39.4 points at 4,677.10. Besides, the BSE Mid Cap and Small Cap are trading higher by 56.76 points and 48.30 points at 5,404.34 and 6,198.74 respectively.

Gainers from the BSE Pack are Reliance Infra up by (4.52%) at Rs. 1,246.4 along with Hindalco Industries by (4.09%) at Rs. 105.65, Sterlite Industries by (3.95%) at Rs. 730, Tata Steel by (3.39%) at Rs. 467.6, ICICI Bank by (2.91%) at Rs. 772.1 and Jai Prakash associates by (2.89%) at Rs. 221.1.

Gainers from the NSE Sensex Pack are Sterlite Industries surged by (4.42%) to Rs. 734, along with Reliance Infra by (4.28%) to Rs. 1,243.8, Cipla Limited by (4.06%) at Rs. 249.8, Hindalco Industries by (3.94%) at Rs. 105.4, Tata Steel by (3.39%) at Rs. 467.85 and Tata Communication by (3.34%) at Rs. 555.6.

BSE Metal is trading higher by (3.46%) or 415.21 points at 12,403.91. The major gainers are Sesa Goa up by (9.97%) at Rs. 211.25 along with Hindustan Zinc by (5.68%) at Rs. 651.7, JSW SL by (5.60%) at Rs. 670.4, Welsp Guj SR by (5.36%) at Rs.234 followed by Jindal Steel by (4.63%) at Rs. 2,504.

BSE Power is trading higher by (1.75%) or 53.06 points at 3,085.96. The top gainers in the index are Reliance Infra surged by (4.52%) to Rs. 1,246.4 along with Torrent Power by (3.34%) to Rs. 173.5, RPower by (3.32%) to Rs. 199.3 followed by ABB Limited by (2.92%) at Rs. 777.05.

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