After subdued opening, the key benchmark indices regained strength on firm movement in Asian stocks and positive close of US market overnight. Hopes of renewed reforms and staggering growth fortune by the new government also strengthened investor sentiment. Moreover, it''s the foreign fund that is supporting the bourses which pumped Rs. 20,606.80 crore in May 2009.
As per the provisional data on NSE, foreign funds bought shares worth Rs 465.34 crore on Thursday, 4 June 2009.
On the sectoral front, out of 13 Indices, 11 were traded in green while only 2 were in red. Oil firms advanced as crude oil rose in New York after Goldman Sachs Group Inc. said prices may reach $85 a barrel by the end of the year as demand recovers and supplies shrink.
Auto stocks gained on posting good monthly sales figures in the month of May 2009. IT stocks gained momentum on hopes aggressive measures by the United States to revive the economy may bear fruit.
FMCG stocks fell as investors pulled out of the so called defensive stocks on increased risk appetite.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,798 stocks traded so far, 1,820 shares advanced while 927 shares declined. Nearly 51 shares are unchanged.
The BSE Sensex is trading higher by 69.46 points at 15,122 and NSE Nifty is up by 15.24 points at 4,587.90.
The BSE Mid Cap is trading higher by 52.76 points at 5,498.84 and Small cap is trading up by 55.46 points at 6,580.65.
Major gainers from the BSE Sensex pack are Grasim Industries Limited surged 5.41% to Rs. 2,495.25 along with Infosys Technologies Limited 4.19% to Rs. 1695.10, Mahindra & Mahindra Limited spurted 3.68% to Rs. 715.10, Tata Power Limited advanced 3.40% to Rs. 1,077.00, Hindalco In by 3.39% to Rs. 92.90, Sun Pharmaceuticals Limited by 3.24% to Rs. 1,349.00, Ranbaxy Laboratories Limited by 3.22% to Rs. 291.65, Larsen & Toubro Limited rose 2.42% to Rs. 1,491.20 and BHEL Limited 2.36% to Rs. 2,223.55 among others.
Losers from the BSE Sensex Pack are ITC Limited plunged 4.27% to Rs. 193.80 along with Reliance Infra fell 2.23% to Rs. 1,245.00, State Bank of India Limited by 2.04% to Rs. 1,837.70, Reliance Industries Limited by 1.60% to Rs. 2,219.50 and NTPC Limited by 1.26% to Rs. 219.50 among others.
The BSE IT is higher by 89.12 points or 2.90% at 3,163.12. Stocks trading in green are Infosys Technologies Limited 4.19% to Rs. 1695.10, Aptech Limited 3.94% to Rs. 196.50, Finance Tech by 2.25% to Rs. 1,481.05, HCL Technologies Limited 1.61%% to Rs. 177.20 and Moser Baer Limited by 1.42% to Rs. 110.50.
Dewan Housing Finance Corporation Limited advanced 2.63% to Rs. 142.50 after its board approved raising upto Rs. 300 crore through sales of shares to institutions.
JSW Steel Limited gained 1.98% to Rs. 598.60 after crude steel production rose 33% to 4.59 lakh tonne in May 2009 over May 2008 due to production from its new project at Karnataka.
Aban Offshore zoomed 7.99% to Rs. 1,235.60 on reports the company has asked bankers to recast its debt repayment schedule.
Cairn India Limited gained 5.21% to Rs. 263.75 as crude oil prices surpassed $68 level overnight on the New York Mercantile Exchange.
GMR Infrastructure Limited fell 0.03% to Rs. 177.45 despite net profit rose 55.79% to Rs 97.67 crore on a 47.07% increase in total income to Rs 165.02 crore in the year ended March 2009 over the year ended March 2008.
Jain Irrigation Systems Limited gained 0.14% to Rs. 652.00 after the company bagged an order worth Rs. 77.80 crore from the World Bank for an irrigation project in Tamil Nadu.
Hindustan Zinc Limited gained 0.81% to Rs. 642.55, on raising zinc and lead prices.
As per the provisional data on NSE, foreign funds bought shares worth Rs 465.34 crore on Thursday, 4 June 2009.
On the sectoral front, out of 13 Indices, 11 were traded in green while only 2 were in red. Oil firms advanced as crude oil rose in New York after Goldman Sachs Group Inc. said prices may reach $85 a barrel by the end of the year as demand recovers and supplies shrink.
Auto stocks gained on posting good monthly sales figures in the month of May 2009. IT stocks gained momentum on hopes aggressive measures by the United States to revive the economy may bear fruit.
FMCG stocks fell as investors pulled out of the so called defensive stocks on increased risk appetite.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,798 stocks traded so far, 1,820 shares advanced while 927 shares declined. Nearly 51 shares are unchanged.
The BSE Sensex is trading higher by 69.46 points at 15,122 and NSE Nifty is up by 15.24 points at 4,587.90.
The BSE Mid Cap is trading higher by 52.76 points at 5,498.84 and Small cap is trading up by 55.46 points at 6,580.65.
Major gainers from the BSE Sensex pack are Grasim Industries Limited surged 5.41% to Rs. 2,495.25 along with Infosys Technologies Limited 4.19% to Rs. 1695.10, Mahindra & Mahindra Limited spurted 3.68% to Rs. 715.10, Tata Power Limited advanced 3.40% to Rs. 1,077.00, Hindalco In by 3.39% to Rs. 92.90, Sun Pharmaceuticals Limited by 3.24% to Rs. 1,349.00, Ranbaxy Laboratories Limited by 3.22% to Rs. 291.65, Larsen & Toubro Limited rose 2.42% to Rs. 1,491.20 and BHEL Limited 2.36% to Rs. 2,223.55 among others.
Losers from the BSE Sensex Pack are ITC Limited plunged 4.27% to Rs. 193.80 along with Reliance Infra fell 2.23% to Rs. 1,245.00, State Bank of India Limited by 2.04% to Rs. 1,837.70, Reliance Industries Limited by 1.60% to Rs. 2,219.50 and NTPC Limited by 1.26% to Rs. 219.50 among others.
The BSE IT is higher by 89.12 points or 2.90% at 3,163.12. Stocks trading in green are Infosys Technologies Limited 4.19% to Rs. 1695.10, Aptech Limited 3.94% to Rs. 196.50, Finance Tech by 2.25% to Rs. 1,481.05, HCL Technologies Limited 1.61%% to Rs. 177.20 and Moser Baer Limited by 1.42% to Rs. 110.50.
Dewan Housing Finance Corporation Limited advanced 2.63% to Rs. 142.50 after its board approved raising upto Rs. 300 crore through sales of shares to institutions.
JSW Steel Limited gained 1.98% to Rs. 598.60 after crude steel production rose 33% to 4.59 lakh tonne in May 2009 over May 2008 due to production from its new project at Karnataka.
Aban Offshore zoomed 7.99% to Rs. 1,235.60 on reports the company has asked bankers to recast its debt repayment schedule.
Cairn India Limited gained 5.21% to Rs. 263.75 as crude oil prices surpassed $68 level overnight on the New York Mercantile Exchange.
GMR Infrastructure Limited fell 0.03% to Rs. 177.45 despite net profit rose 55.79% to Rs 97.67 crore on a 47.07% increase in total income to Rs 165.02 crore in the year ended March 2009 over the year ended March 2008.
Jain Irrigation Systems Limited gained 0.14% to Rs. 652.00 after the company bagged an order worth Rs. 77.80 crore from the World Bank for an irrigation project in Tamil Nadu.
Hindustan Zinc Limited gained 0.81% to Rs. 642.55, on raising zinc and lead prices.
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