After a positive gap opening, the major Indian indices pared off its early gains and slipped from their day’s high. After an early rally the profit booking pressures have creep in across the broader level. On a positive note, Chinese manufacturing data boosted hopes of recovery of world economy.
On a domestic front, according to a survey manufacturing activity in India has expanded for a second straight month in May to its highest in eight months, which is also reflecting growth in domestic demand.
Besides, under a stock specific movement Bharti Shipyard is trading nearly trading nearly 10% up after making an open offer for acquisition of additional shares of Great Offshore of upto 20% of its total paid up share capital.
During the last trading hours, among the BSE sectoral indices, Realty, Metal and Power stocks registered a smart gain of 4.64%, 3.71% and 2.60% respectively, while the Bankex declined by 0.11%.
Overall the market breadth is positive as 2036 stocks are trading in green while 389 stocks are in red
The BSE Sensex is up by 100.65 points at 14,725.91 while NSE Nifty up by 46.94 points at 4,495.9. Besides, the BSE Mid Cap and Small Cap are trading higher by 93.46 points and 112.21 points at 5,150.2 and 6,099.04 respectively.
Gainers from the BSE Sensex Pack are Jaiprakash Associates surged by (7.59%) to Rs. 223.25, along with NTPC Limited by (5.73%) to Rs. 227.8, Tata Steel by (4.80%) at Rs. 425.8, Reliance Communication by (4.07%) at Rs. 318.25, Hindalco Industries by (3.90%) at Rs. 88 and Sterlite Industries by (3.53%) at Rs. 644.7.
Gainers from the NSE Nifty Pack are Suzlon Energy up by (7.35%) at Rs. 105.1 along with Unitech Limited by (6.41%) at Rs.84.7, Cairn India by (6.08%) at Rs. 245.95, NTPC Limited by (5.83%) at Rs. 227.95, Ambuja Cements by (5.35%) at Rs. 96.5 and Tata Steel by (4.87%) at Rs. 425.1.
BSE Realty is trading higher by (4.64%) or 177.12 points at 3,997.01. The top gainers in the index are Unitech Limited surged by (7.27%) to Rs. 85.55 along with Penland Limited by (6.07%) to Rs. 70.80, Orbit Co by (5.34%) to Rs. 177.50, Akruti City by (4.99%) to Rs. 518.40, followed by Anant Raj by (4.98%) at Rs. 133.80.
BSE Metal is trading higher by (3.71%) or 403.58 points at 11,282. The major gainers are Gujarat NRE up by (6.67%) at Rs. 45.60 along with Welsp Guj SR by (6.01%) at Rs. 179, Jai Corp by (5%) at Rs. 287.85 followed by Tata Steel by (4.8%) at Rs. 425.8.
On a domestic front, according to a survey manufacturing activity in India has expanded for a second straight month in May to its highest in eight months, which is also reflecting growth in domestic demand.
Besides, under a stock specific movement Bharti Shipyard is trading nearly trading nearly 10% up after making an open offer for acquisition of additional shares of Great Offshore of upto 20% of its total paid up share capital.
During the last trading hours, among the BSE sectoral indices, Realty, Metal and Power stocks registered a smart gain of 4.64%, 3.71% and 2.60% respectively, while the Bankex declined by 0.11%.
Overall the market breadth is positive as 2036 stocks are trading in green while 389 stocks are in red
The BSE Sensex is up by 100.65 points at 14,725.91 while NSE Nifty up by 46.94 points at 4,495.9. Besides, the BSE Mid Cap and Small Cap are trading higher by 93.46 points and 112.21 points at 5,150.2 and 6,099.04 respectively.
Gainers from the BSE Sensex Pack are Jaiprakash Associates surged by (7.59%) to Rs. 223.25, along with NTPC Limited by (5.73%) to Rs. 227.8, Tata Steel by (4.80%) at Rs. 425.8, Reliance Communication by (4.07%) at Rs. 318.25, Hindalco Industries by (3.90%) at Rs. 88 and Sterlite Industries by (3.53%) at Rs. 644.7.
Gainers from the NSE Nifty Pack are Suzlon Energy up by (7.35%) at Rs. 105.1 along with Unitech Limited by (6.41%) at Rs.84.7, Cairn India by (6.08%) at Rs. 245.95, NTPC Limited by (5.83%) at Rs. 227.95, Ambuja Cements by (5.35%) at Rs. 96.5 and Tata Steel by (4.87%) at Rs. 425.1.
BSE Realty is trading higher by (4.64%) or 177.12 points at 3,997.01. The top gainers in the index are Unitech Limited surged by (7.27%) to Rs. 85.55 along with Penland Limited by (6.07%) to Rs. 70.80, Orbit Co by (5.34%) to Rs. 177.50, Akruti City by (4.99%) to Rs. 518.40, followed by Anant Raj by (4.98%) at Rs. 133.80.
BSE Metal is trading higher by (3.71%) or 403.58 points at 11,282. The major gainers are Gujarat NRE up by (6.67%) at Rs. 45.60 along with Welsp Guj SR by (6.01%) at Rs. 179, Jai Corp by (5%) at Rs. 287.85 followed by Tata Steel by (4.8%) at Rs. 425.8.
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