Market after subdued opening, the key benchmark indices traded choppy as traders attempting to gauge the future direction of equity markets. Market dipped in red in early trade after swinging between the positive and negative terrain at the onset of the trading session. Volatility may continue high on the bourses this week ahead of the Union Budget 2009-2010 on 6 July 2009, Railway Budget on 3 July 2009 and the Economic Survey on 2 July 2009.
On the sectoral front, out of 13 Indices, 10 indices advanced whereas 3 indices declined. Realty stocks surged after successful fund raising by Unitech through a second round of qualified institutional placement.
Bank stocks gained as investors expect new reforms such as increase in the cap on foreign direct investment in insurance sector to 49% from 26% at present.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,546 stocks traded so far, 1,672 shares advanced while 792 shares declined. Nearly 82 shares are unchanged.
The BSE Sensex is trading higher by 105.10 points at 14,869.75 whereas NSE Nifty is up by 34.35 points at 4,409.85.
The BSE Mid Cap is trading higher by 84.01 points at 5,254.91 and Small cap is trading up by 120.80 points at 5,921.55.
Major gainers from the BSE Sensex pack are DLF Limited surged 5.08% to Rs. 342.10 along with Sterlite Industries Limited 4.49% to Rs. 639.55, ONGC Limited gained 3.62% to Rs. 1,078.60, Tata Steel Limited improved 3.16% to Rs. 400.15, Reliance Industries Limited advanced 2.30% to Rs. 2,075.25, BHEL Limited jumped 2.12% to Rs. 2,248.15, NTPC Limited 1.64% to Rs. 198.15, Reliance Infra Limited gained 1.60% to Rs. 1284.30 and ICICI Bank Limited gained 1.58% to Rs. 766.25 among others.
Losers from the BSE Sensex Pack are Tata Motors Limited plunged 5.97% to Rs. 320.00 along with Sun Pharmaceuticals Limited plunged 3.25% to Rs. 1,103.40, Infosys Technologies Limited dipped 1.89% to Rs. 1,792.20, TCS Limited plunged 1.79% to Rs. 389.80, Grasim Industries Limited 1.72% to Rs. 2,332.00, ITC Limited by 1.25% to Rs. 194.20, Housing Development Finance Co 0.96% to Rs. 2,412.00 and Maruti Suzuki Limited slipped 0.27% to Rs. 1056.10 among others.
The BSE Realty is higher by 139.89 points or 4.16% at 3,505.99. Stocks trading in green are Phoenix Mills 5.26% to Rs. 106.00, DLF Limited 5.08% to Rs. 342.10, Orbitco 5.00% to Rs. 170.25, Sobha Developers Limited by 4.99% to Rs. 214.70 and Anant Raj Industries 4.95% to Rs. 103.90 among others.
BEML Limited gained 6.63% to Rs. 964.50 after net profit increased phenomenally 45.2% to Rs. 172.02 crore in Q4 March 2009 over Q4 March 2008.
India Cements Limited deteriorated 3.57% to Rs. 140.40 after consolidated net profit plunged 34% to Rs. 423.25 crore in the year ended March 2009 over the year ended March 2008.
Mahindra & Mahindra Limited improved 0.43% to Rs. 700.50 after one of its units Mahindra Holidays & Resorts India priced shares of its initial public offer at Rs. 300 each.
Jain Irrigation Systems Limited rose 1.36% to Rs. 624.95 as the company bagged fresh orders aggregating Rs. 158 crore.
Unitech Limited zoomed 4.49% to Rs. 86.05 on reports it has raised Rs. 2,800 crore by placing shares with overseas private equity funds at Rs. 81 a share on Friday, 26 June 2009.
Tata Motors Limited shrunken 5.99% to Rs. 319.90 after witnessing a consolidated net loss of Rs. 2,505.25 crore in the year ended March 2009 as against a net profit of Rs. 2,167.70 crore in the year ended March 2008.
Hindustan Dorr-Oliver Limited gained 4.89% to Rs. 94.30 after the company bagged two orders aggregating Rs. 118.80 crore.
Jai Corp Limited plunged 0.42% to Rs. 285.50 after the company reported net loss of Rs. 27.16 crore in Q4 March 2009 as against to net profit of Rs. 38.81 crore in Q4 March 2008.
Tulip Telecom Limited improved 4.48% to Rs. 769.15 after net profit jumped 60% to Rs. 105.73 crore on a 24% increase in total income to Rs. 519.52 crore in Q4 March 2009 over Q4 March 2008.
On the sectoral front, out of 13 Indices, 10 indices advanced whereas 3 indices declined. Realty stocks surged after successful fund raising by Unitech through a second round of qualified institutional placement.
Bank stocks gained as investors expect new reforms such as increase in the cap on foreign direct investment in insurance sector to 49% from 26% at present.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,546 stocks traded so far, 1,672 shares advanced while 792 shares declined. Nearly 82 shares are unchanged.
The BSE Sensex is trading higher by 105.10 points at 14,869.75 whereas NSE Nifty is up by 34.35 points at 4,409.85.
The BSE Mid Cap is trading higher by 84.01 points at 5,254.91 and Small cap is trading up by 120.80 points at 5,921.55.
Major gainers from the BSE Sensex pack are DLF Limited surged 5.08% to Rs. 342.10 along with Sterlite Industries Limited 4.49% to Rs. 639.55, ONGC Limited gained 3.62% to Rs. 1,078.60, Tata Steel Limited improved 3.16% to Rs. 400.15, Reliance Industries Limited advanced 2.30% to Rs. 2,075.25, BHEL Limited jumped 2.12% to Rs. 2,248.15, NTPC Limited 1.64% to Rs. 198.15, Reliance Infra Limited gained 1.60% to Rs. 1284.30 and ICICI Bank Limited gained 1.58% to Rs. 766.25 among others.
Losers from the BSE Sensex Pack are Tata Motors Limited plunged 5.97% to Rs. 320.00 along with Sun Pharmaceuticals Limited plunged 3.25% to Rs. 1,103.40, Infosys Technologies Limited dipped 1.89% to Rs. 1,792.20, TCS Limited plunged 1.79% to Rs. 389.80, Grasim Industries Limited 1.72% to Rs. 2,332.00, ITC Limited by 1.25% to Rs. 194.20, Housing Development Finance Co 0.96% to Rs. 2,412.00 and Maruti Suzuki Limited slipped 0.27% to Rs. 1056.10 among others.
The BSE Realty is higher by 139.89 points or 4.16% at 3,505.99. Stocks trading in green are Phoenix Mills 5.26% to Rs. 106.00, DLF Limited 5.08% to Rs. 342.10, Orbitco 5.00% to Rs. 170.25, Sobha Developers Limited by 4.99% to Rs. 214.70 and Anant Raj Industries 4.95% to Rs. 103.90 among others.
BEML Limited gained 6.63% to Rs. 964.50 after net profit increased phenomenally 45.2% to Rs. 172.02 crore in Q4 March 2009 over Q4 March 2008.
India Cements Limited deteriorated 3.57% to Rs. 140.40 after consolidated net profit plunged 34% to Rs. 423.25 crore in the year ended March 2009 over the year ended March 2008.
Mahindra & Mahindra Limited improved 0.43% to Rs. 700.50 after one of its units Mahindra Holidays & Resorts India priced shares of its initial public offer at Rs. 300 each.
Jain Irrigation Systems Limited rose 1.36% to Rs. 624.95 as the company bagged fresh orders aggregating Rs. 158 crore.
Unitech Limited zoomed 4.49% to Rs. 86.05 on reports it has raised Rs. 2,800 crore by placing shares with overseas private equity funds at Rs. 81 a share on Friday, 26 June 2009.
Tata Motors Limited shrunken 5.99% to Rs. 319.90 after witnessing a consolidated net loss of Rs. 2,505.25 crore in the year ended March 2009 as against a net profit of Rs. 2,167.70 crore in the year ended March 2008.
Hindustan Dorr-Oliver Limited gained 4.89% to Rs. 94.30 after the company bagged two orders aggregating Rs. 118.80 crore.
Jai Corp Limited plunged 0.42% to Rs. 285.50 after the company reported net loss of Rs. 27.16 crore in Q4 March 2009 as against to net profit of Rs. 38.81 crore in Q4 March 2008.
Tulip Telecom Limited improved 4.48% to Rs. 769.15 after net profit jumped 60% to Rs. 105.73 crore on a 24% increase in total income to Rs. 519.52 crore in Q4 March 2009 over Q4 March 2008.
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