After opening on a buoyant note on fairly strong global cues, the frontline stocks are now oozing out early gains due to profit booking pressure. Most of the investors are trading on a cautious note and waiting for the announcement of economic data, which would help them to take any fresh positions ahead of budget. On a stock specific move, ONGC is trading higher by nearly 9% after the government unexpectedly raised gasoline and diesel prices by as much as 10% late on Wednesday.
During the last hours'' trading session, buying interest has emerged across PSU, Metal and Oil & Gas stocks while selling pressure has seen across IT, TECk and Banking counters.
Among the BSE sectoral indices PSU, Metal and Gas & Oil stocks surged by 2.13%, 1.97% and 1.60% respectively, while the IT, TECk and Bankex indices dipped by 0.77%, 0.49% and 0.46% respectively.
Overall the market breadth is positive as 1,370 stocks are trading in green while 725 stocks are in red.
The BSE Sensex up by 31.69 points at 14,677.16 while NSE Nifty surged by 10.5 points at 4,351.4.
Besides, the BSE Mid Cap and Small Cap are trading higher by 45.3 points and 91.44 points at 5,172.81 and 5,848.87 respectively.
Losers from the BSE Sensex Pack are Bhel down by (1.77%) to Rs. 2,178, along with Tata Motors by (1.74%) to Rs. 294.10, TCS Limited by (1.73%) to Rs. 385.55, Maruti suzuki by (1.51%) at Rs. 1,053.95, Rel com by (1.32%) at Rs. 294.60, and Infosys Tec by (1.21%) at Rs.1,775.
Gainers from the NSE Nifty Pack are ONGC increased by (8.43%) at Rs. 1,140.3 along with Gail Limited by (8.32%) at Rs. 311.8, Sun Pharmaceuticals by (4.14%) at Rs. 1,165.05, Sterlite Industries by (3.63%) at Rs. 633.6, National Aluminium by (2.48%) at Rs. 307.45 and Ranbaxy Lab by (1.95%) at Rs. 250.95.
BSE PSU is trading higher by (2.13%) or 170.75 points at 8,170.72. The top gainers are Hindustan copper surged by (15.50%) at Rs. 270.55 along with ONGC by (8.80%) to Rs. 1,145.25, Gail India by (8.56%) at Rs. 312.50, ST Trad Corp by (5.34%) at Rs. 376.50 followed by Bharat Elect by (4.84%) at Rs. 1,440.65.
BSE IT is trading lower by (0.77%) or 25.42 points at 3,291.93. The top losers in the index are Mphasis Limited declined by (2.29%) to Rs.361.25 along with TCS Limited by (1.73%) to Rs. 385.55, Infosys Tec by (1.21%) to 1,775, Wipro Limited by (0.65%) to Rs. 376 followed by HCL Tech by (0.18%) to Rs. 189.45.
During the last hours'' trading session, buying interest has emerged across PSU, Metal and Oil & Gas stocks while selling pressure has seen across IT, TECk and Banking counters.
Among the BSE sectoral indices PSU, Metal and Gas & Oil stocks surged by 2.13%, 1.97% and 1.60% respectively, while the IT, TECk and Bankex indices dipped by 0.77%, 0.49% and 0.46% respectively.
Overall the market breadth is positive as 1,370 stocks are trading in green while 725 stocks are in red.
The BSE Sensex up by 31.69 points at 14,677.16 while NSE Nifty surged by 10.5 points at 4,351.4.
Besides, the BSE Mid Cap and Small Cap are trading higher by 45.3 points and 91.44 points at 5,172.81 and 5,848.87 respectively.
Losers from the BSE Sensex Pack are Bhel down by (1.77%) to Rs. 2,178, along with Tata Motors by (1.74%) to Rs. 294.10, TCS Limited by (1.73%) to Rs. 385.55, Maruti suzuki by (1.51%) at Rs. 1,053.95, Rel com by (1.32%) at Rs. 294.60, and Infosys Tec by (1.21%) at Rs.1,775.
Gainers from the NSE Nifty Pack are ONGC increased by (8.43%) at Rs. 1,140.3 along with Gail Limited by (8.32%) at Rs. 311.8, Sun Pharmaceuticals by (4.14%) at Rs. 1,165.05, Sterlite Industries by (3.63%) at Rs. 633.6, National Aluminium by (2.48%) at Rs. 307.45 and Ranbaxy Lab by (1.95%) at Rs. 250.95.
BSE PSU is trading higher by (2.13%) or 170.75 points at 8,170.72. The top gainers are Hindustan copper surged by (15.50%) at Rs. 270.55 along with ONGC by (8.80%) to Rs. 1,145.25, Gail India by (8.56%) at Rs. 312.50, ST Trad Corp by (5.34%) at Rs. 376.50 followed by Bharat Elect by (4.84%) at Rs. 1,440.65.
BSE IT is trading lower by (0.77%) or 25.42 points at 3,291.93. The top losers in the index are Mphasis Limited declined by (2.29%) to Rs.361.25 along with TCS Limited by (1.73%) to Rs. 385.55, Infosys Tec by (1.21%) to 1,775, Wipro Limited by (0.65%) to Rs. 376 followed by HCL Tech by (0.18%) to Rs. 189.45.
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