The key benchmark indices after a firm start lingered by overnight spectacular surge in US market, finally gave up their early gains and slipped flat as wholesale prices declined 1.21% (YoY) in the week ended July 4, after falling 1.55% in the previous week. India''s central bank estimates inflation will be around 4% by March 31, 2010. Moreover, an element of caution remained ahead of the slew of India Inc results which looked likely to provide a degree of medium term direction.
On the sectoral front, out of 13 Indices, 10 indices advanced whereas 3 indices. Oil exploration firms reversed gains even despite oil steadied above $61 a barrel overnight.
Metal stocks gained after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 3.56% overnight.
Auto stocks gained on expectation of strong first quarter result for FY10. Capital goods stocks advanced on a thrust on infrastructure development in Union Budget 2009-2010.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,500 stocks traded so far, 1,426 shares advanced while 983 shares declined. Nearly 91 shares are unchanged.
The BSE Sensex is trading lower by 4.75 points at 14,248.49 whereas NSE Nifty is down by 3.0 points at 4,230.5.
The BSE Mid Cap is trading higher by 22.60 points at 5,001.25 and Small cap is trading up by 35.06 points at 5,558.87.
Major gainers from the BSE Sensex pack are Tata Motors Limited 3.78% to Rs. 299.55 along with, Tata Steel Limited surged 3.63% to Rs. 394.00, Hero Honda Motors Limited spurted 3.35% to Rs. 1,542.00, Reliance Industries Limited improved 2.51% to Rs. 1,922.00, Wipro Limited advanced 2.51% to Rs. 423.20, Reliance communication Limited improved 2.16% to Rs. 267.40 and Tata Power Limited gained 1.72% to Rs. 1,123.00 among others.
Losers from the BSE Sensex Pack are Sterlite Industries Limited plunged 7.44% to Rs. 581.90 along with Larsen & Toubro Limited fell 2.90% to Rs. 1,388.70, Housing Development Finance Co Limited 1.94% to Rs. 2,380.20, Reliance Infra Limited 1.93% to Rs. 1,083.00, Jaiprakash Associates Limited 1.80% to Rs. 202.40 and TCS Limited slipped 1.24% to Rs. 417.25 among others.
The BSE Auto is higher by 88.04 points or 1.86% at 4,816.83. Stocks trading in green are Bajaj Auto Limited surged 6.22% to Rs. 1,162.00, Bharat Forge 3.96% to Rs. 147.00, Tata Motors Limited 3.78% to Rs. 299.55, Hero Honda Motors Limited improved 3.23% to Rs. 1,540.25 and Exide Industries Limited 2.57% to Rs. 71.75 among others.
Larsen & Toubro Limited fell 2.90% to Rs. 1,388.70 on profit sharing despite net profit surged 218% to Rs. 1,598.20 crore in Q1 June 2009 as against Q1 June 2008.
Bajaj Auto Limited zoomed 6.22% to Rs. 1,162.00 after net profit spurted 67.60% to Rs. 293.49 crore in Q1 June 2009 as against Q1 June 2008.
Bajaj Finserv Limited zoomed 5.81% to Rs. 372.55 after the company posted a net profit of Rs. 42.14 crore in Q1 June 2009 as against to net loss of Rs 36.24 crore in Q1 June 2008, on a consolidated basis.
Tata Motors Limited gained 3.78% to Rs. 299.55 after its ADR spurted 8.32% to $8.59 on the New York Stock Exchange overnight.
Navneet Publications (India) Limited spurted 5.28% to Rs. 84.75 after the company said its board will meet on 31 July 2009 to consider issue of bonus shares.
Everest Kanto Cylinder Limited surged 4.44% to Rs. 182.15, after a block deal of five lakh shares was executed on BSE at Rs 185 per share.
Mahindra & Mahindra Limited gained 0.81% to Rs. 724.00 after a decent debut of its unit Mahindra Holidays & Resorts India.
Sterlite Industries (India) plunged 7.44% to Rs. 581.90 on concerns of equity dilution after the company launched an issue of American Depositary Shares to raise $1.50 billion.
On the sectoral front, out of 13 Indices, 10 indices advanced whereas 3 indices. Oil exploration firms reversed gains even despite oil steadied above $61 a barrel overnight.
Metal stocks gained after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 3.56% overnight.
Auto stocks gained on expectation of strong first quarter result for FY10. Capital goods stocks advanced on a thrust on infrastructure development in Union Budget 2009-2010.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,500 stocks traded so far, 1,426 shares advanced while 983 shares declined. Nearly 91 shares are unchanged.
The BSE Sensex is trading lower by 4.75 points at 14,248.49 whereas NSE Nifty is down by 3.0 points at 4,230.5.
The BSE Mid Cap is trading higher by 22.60 points at 5,001.25 and Small cap is trading up by 35.06 points at 5,558.87.
Major gainers from the BSE Sensex pack are Tata Motors Limited 3.78% to Rs. 299.55 along with, Tata Steel Limited surged 3.63% to Rs. 394.00, Hero Honda Motors Limited spurted 3.35% to Rs. 1,542.00, Reliance Industries Limited improved 2.51% to Rs. 1,922.00, Wipro Limited advanced 2.51% to Rs. 423.20, Reliance communication Limited improved 2.16% to Rs. 267.40 and Tata Power Limited gained 1.72% to Rs. 1,123.00 among others.
Losers from the BSE Sensex Pack are Sterlite Industries Limited plunged 7.44% to Rs. 581.90 along with Larsen & Toubro Limited fell 2.90% to Rs. 1,388.70, Housing Development Finance Co Limited 1.94% to Rs. 2,380.20, Reliance Infra Limited 1.93% to Rs. 1,083.00, Jaiprakash Associates Limited 1.80% to Rs. 202.40 and TCS Limited slipped 1.24% to Rs. 417.25 among others.
The BSE Auto is higher by 88.04 points or 1.86% at 4,816.83. Stocks trading in green are Bajaj Auto Limited surged 6.22% to Rs. 1,162.00, Bharat Forge 3.96% to Rs. 147.00, Tata Motors Limited 3.78% to Rs. 299.55, Hero Honda Motors Limited improved 3.23% to Rs. 1,540.25 and Exide Industries Limited 2.57% to Rs. 71.75 among others.
Larsen & Toubro Limited fell 2.90% to Rs. 1,388.70 on profit sharing despite net profit surged 218% to Rs. 1,598.20 crore in Q1 June 2009 as against Q1 June 2008.
Bajaj Auto Limited zoomed 6.22% to Rs. 1,162.00 after net profit spurted 67.60% to Rs. 293.49 crore in Q1 June 2009 as against Q1 June 2008.
Bajaj Finserv Limited zoomed 5.81% to Rs. 372.55 after the company posted a net profit of Rs. 42.14 crore in Q1 June 2009 as against to net loss of Rs 36.24 crore in Q1 June 2008, on a consolidated basis.
Tata Motors Limited gained 3.78% to Rs. 299.55 after its ADR spurted 8.32% to $8.59 on the New York Stock Exchange overnight.
Navneet Publications (India) Limited spurted 5.28% to Rs. 84.75 after the company said its board will meet on 31 July 2009 to consider issue of bonus shares.
Everest Kanto Cylinder Limited surged 4.44% to Rs. 182.15, after a block deal of five lakh shares was executed on BSE at Rs 185 per share.
Mahindra & Mahindra Limited gained 0.81% to Rs. 724.00 after a decent debut of its unit Mahindra Holidays & Resorts India.
Sterlite Industries (India) plunged 7.44% to Rs. 581.90 on concerns of equity dilution after the company launched an issue of American Depositary Shares to raise $1.50 billion.
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