Market after a spectacular start, the key benchmark indices extended gains to touch fresh days high in early afternoon trade on firm global cues and strong gains from IT, Realty, Bank and Oil&Gas pivotals, as investors digested further results from India Inc. However, possibility of disruption in rail raises a risk of low agricultural output and hence high food inflation.
On the sectoral front, out of 13 Indices, 12 indices advanced whereas only 1 index declined. Oil exploration firms rose as oil gained at $64 a barrel mark bolstered by a rally in Asian stocks and fall in the dollar on hopes of a global economic recovery.
IT stocks zoomed on better-than-expected results from TCS on of the prominent Company in IT sector.
Bank stocks advanced on hopes building after Finance Minister announced that the government is committed to financial sector reforms.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,595 stocks traded so far, 1,728 shares advanced while 789 shares declined. Nearly 78 shares are unchanged.
The BSE Sensex is trading higher by 380.06 points at 15,124.99 whereas NSE Nifty is up by 112.30 points at 4,487.25.
The BSE Mid Cap is trading higher by 105.59 points at 5,211.18 and Small cap is trading up by 128.45 points at 5,809.35.
Major gainers from the BSE Sensex pack are TCS Limited surged 17.18% to Rs. 508.10 along with Wipro Limited 10.85% to Rs. 476.00, Infosys Technologies Limited spurted 5.17% to Rs. 1,963.50, ICICI Bank Limited improved 4.22% to Rs. 773.75, DLF Limited improved 4.12% to Rs. 346.55, Reliance Industries Limited gained 3.96% to Rs. 2,010.00 and Jaiprakash Associates Limited gained 3.69% to Rs. 220.70 among others.
Losers from the BSE Sensex Pack are Hero Honda Motos Limited plunged 1.41% to Rs. 1,615.00 along with ITC Limited plunged 1.22% to Rs. 227.20, Reliance Infra Limited 0.96% to Rs. 1,139.00, Reliance Communication Limited by 0.82% to 270.90 and Hindustan Uniliver Limited by 0.28% to Rs. 266.55.
The BSE IT is higher by 290.32 points or 8.28% at 3,795.60. Stocks trading in green are TCS Limited surged 17.18% to Rs. 508.10, Wipro Limited 10.85% to Rs. 476.00, HCL Technologies Limited surged 10.08% to Rs. 237.55, Mphasis Limited improved 9.30% to Rs. 422.00 and Tech Mahindra Limited 8.02% to Rs. 794.00 among others.
Kirloskar Pneumatic Company Limited plunged 7.04% to Rs. 369.00 after the company posted a net loss of Rs. 4.87 crore in Q1 June 2009 over net profit of Rs 6.20 crore in Q1 June 2009.
Reliance Industries Limited gained 3.96% to Rs. 2,010.00 ahead of a Supreme Court hearing today, of a gas dispute between the company and Anil Dhirubhai Ambani-controlled Reliance Natural Resources.
State Bank of Mysore Limited zoomed 7.54% to Rs. 660.05 after net profit spurted 474% to Rs. 82.19 crore in Q1 June 2009 as against Q1 June 2008.
Flawless Diamond (India) Limited spurted 8.57% to Rs. 34.85 after the company bagged two export orders aggregating Rs. 32 crore for supply of diamond and designer jewellery.
HCL Technologies Limited surged 10.08% to Rs. 237.55 after its unit HCL Axon bought the SAP division of South Africa''s UCS Group.
Apollo Hospitals Enterprise Limited gained 3.14% to Rs. 568.90 after net profit jumped 53.05% to Rs. 44.80 crore on a 26.33% rise in total income to Rs. 420.63 crore in Q1 June 2009 over Q1 June 2008.
Nagarjuna Construction Company Limited gained 4.06% to Rs. 139.60 after the company bagged three orders aggregating Rs. 776 crore
TCS Limited spurted 17.18% to Rs. 508.10 after net profit rose 15.27% to Rs 1276.44 crore on 0.12% decline in sales to Rs 5609.60 crore in Q1 June 2009 over Q4 March 2009.
Allahabad Bank Limitedspurted 10.57% to Rs. 87.85 after net profit soared 224.4% to Rs. 302.86 crore in Q1 June 2009 as against Q1 June 2008.
On the sectoral front, out of 13 Indices, 12 indices advanced whereas only 1 index declined. Oil exploration firms rose as oil gained at $64 a barrel mark bolstered by a rally in Asian stocks and fall in the dollar on hopes of a global economic recovery.
IT stocks zoomed on better-than-expected results from TCS on of the prominent Company in IT sector.
Bank stocks advanced on hopes building after Finance Minister announced that the government is committed to financial sector reforms.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,595 stocks traded so far, 1,728 shares advanced while 789 shares declined. Nearly 78 shares are unchanged.
The BSE Sensex is trading higher by 380.06 points at 15,124.99 whereas NSE Nifty is up by 112.30 points at 4,487.25.
The BSE Mid Cap is trading higher by 105.59 points at 5,211.18 and Small cap is trading up by 128.45 points at 5,809.35.
Major gainers from the BSE Sensex pack are TCS Limited surged 17.18% to Rs. 508.10 along with Wipro Limited 10.85% to Rs. 476.00, Infosys Technologies Limited spurted 5.17% to Rs. 1,963.50, ICICI Bank Limited improved 4.22% to Rs. 773.75, DLF Limited improved 4.12% to Rs. 346.55, Reliance Industries Limited gained 3.96% to Rs. 2,010.00 and Jaiprakash Associates Limited gained 3.69% to Rs. 220.70 among others.
Losers from the BSE Sensex Pack are Hero Honda Motos Limited plunged 1.41% to Rs. 1,615.00 along with ITC Limited plunged 1.22% to Rs. 227.20, Reliance Infra Limited 0.96% to Rs. 1,139.00, Reliance Communication Limited by 0.82% to 270.90 and Hindustan Uniliver Limited by 0.28% to Rs. 266.55.
The BSE IT is higher by 290.32 points or 8.28% at 3,795.60. Stocks trading in green are TCS Limited surged 17.18% to Rs. 508.10, Wipro Limited 10.85% to Rs. 476.00, HCL Technologies Limited surged 10.08% to Rs. 237.55, Mphasis Limited improved 9.30% to Rs. 422.00 and Tech Mahindra Limited 8.02% to Rs. 794.00 among others.
Kirloskar Pneumatic Company Limited plunged 7.04% to Rs. 369.00 after the company posted a net loss of Rs. 4.87 crore in Q1 June 2009 over net profit of Rs 6.20 crore in Q1 June 2009.
Reliance Industries Limited gained 3.96% to Rs. 2,010.00 ahead of a Supreme Court hearing today, of a gas dispute between the company and Anil Dhirubhai Ambani-controlled Reliance Natural Resources.
State Bank of Mysore Limited zoomed 7.54% to Rs. 660.05 after net profit spurted 474% to Rs. 82.19 crore in Q1 June 2009 as against Q1 June 2008.
Flawless Diamond (India) Limited spurted 8.57% to Rs. 34.85 after the company bagged two export orders aggregating Rs. 32 crore for supply of diamond and designer jewellery.
HCL Technologies Limited surged 10.08% to Rs. 237.55 after its unit HCL Axon bought the SAP division of South Africa''s UCS Group.
Apollo Hospitals Enterprise Limited gained 3.14% to Rs. 568.90 after net profit jumped 53.05% to Rs. 44.80 crore on a 26.33% rise in total income to Rs. 420.63 crore in Q1 June 2009 over Q1 June 2008.
Nagarjuna Construction Company Limited gained 4.06% to Rs. 139.60 after the company bagged three orders aggregating Rs. 776 crore
TCS Limited spurted 17.18% to Rs. 508.10 after net profit rose 15.27% to Rs 1276.44 crore on 0.12% decline in sales to Rs 5609.60 crore in Q1 June 2009 over Q4 March 2009.
Allahabad Bank Limitedspurted 10.57% to Rs. 87.85 after net profit soared 224.4% to Rs. 302.86 crore in Q1 June 2009 as against Q1 June 2008.
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