After robust opening, the key benchmark indices extended gains on cues of firm rally in other Asian markets. Strong rebound across the globe and Finance Minister Pranab Mukherjee''s statement yesterday, that country aims to return to a path of fiscal prudence to ensure moderate interest rates augured investor sentiments.
On the sectoral front, out of 13 Indices, 11 indices advanced whereas 2 indices declined. Power stocks gained on bargain hunting after a recent slide by disappointment from the Budget.
Oil exploration stocks rose as crude oil stronger snapping three days of declines. Bank stock gained after the Finance Minister yesterday said the government is committed to financial sector reform.
Metal stocks gained after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 3.44% overnight.
Realty stocks gained after being hammered in last couple of trading sessions. The government has provided a strong thrust to housing sector in the Union Budget 2009-2010.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,503 stocks traded so far, 1,839 shares advanced while 582 shares declined. Nearly 82 shares are unchanged.
The BSE Sensex is trading higher by 212.39 points at 14,066.1 whereas NSE Nifty is up by 70.3 points at 4,181.70.
The BSE Mid Cap is trading higher by 152.21 points at 4,932.49 and Small cap is trading up by 201.10 points at 5,484.13.
Major gainers from the BSE Sensex pack are DLF Limited surged 5.86% to Rs. 317.70 along with Jaiprakash Associates Limited 5.54% to Rs. 201.90, Hero Honda Motors Limited spurted 5.48% to Rs. 1,478.50, Tata Steel Limited improved 4.41% to Rs. 374.00, BHEL Limited advanced 3.62% to Rs. 2,121.00, Reliance Infrastructure Limited improved 3.09% to Rs. 1,086.40 and Larsen & Toubro Limited gained 2.78% to Rs. 1,410.80 among others.
Losers from the BSE Sensex Pack are Infosys Technologies Limited plunged 2.51% to Rs. 1,761.00 along with Hindustan Uniliver Limited by 1.67% to Rs. 264.90, Maruti Suzuki Limited 0.67% to Rs. 1,081.00, Housing Development Finance Co Limited 0.12% to Rs. 2,365.20, HDFC Bank Limited 0.09% to Rs. 1,359.15 and ITC Limited slipped 0.05% to Rs. 212.40 among others.
The BSE Realty is higher by 164.19 points or 5.48% at 3,159.35. Stocks trading in green are Indiabulls Realty surged 7.81% to Rs. 205.60, Anant Raj 6.41% to Rs. 99.55, Ansal Infrastructure 6.13% to Rs. 51.10, Mahindra LifeScience improved 5.95% to Rs. 260.15 and DLF Limited 5.86% to Rs. 317.70 among others.
Adani Enterprises Limited spurted 8.85% to Rs. 810.00 as Adani Power''s initial public offer later this month will unlock shareholder value.
Reliance Power Limited gained 6.14% to Rs. 160.85 after the company attained the financial closure for its 1,200 megawatt project in Uttar Pradesh.
Rasoya Proteins Limited improved 2.41% to Rs. 31.90 after net profit zoomed 57.5% to Rs. 2.93 crore in Q1 June 2009 as against Q1 June 2008.
OnMobile Global Limited rose 10.36% to Rs. 504.00 after the company signed an agreement with Spain based Telefonica Internacional, S.A.U for providing value added services.
Rallis India Limited jumped 12.22% to Rs. 756.00 after net profit surged 122.7% to Rs. 9.42 crore in Q1 June 2009 as against Q1 June 2008.
Jammu and Kashmir Bank Limited surged 0.99% to Rs. 451.90 after net profit rose 23.8% to Rs. 117.05 crore on 24.4% rise in total income to Rs. 891.05 crore in Q1 June 2009 as against Q1 June 2008.
Power Finance Corporation Limited gained 2.42% to Rs. 219.70 after net profit jumped 87.28% to Rs. 554.91 crore in Q1 June 2009 as against Q1 June 2008.
On the sectoral front, out of 13 Indices, 11 indices advanced whereas 2 indices declined. Power stocks gained on bargain hunting after a recent slide by disappointment from the Budget.
Oil exploration stocks rose as crude oil stronger snapping three days of declines. Bank stock gained after the Finance Minister yesterday said the government is committed to financial sector reform.
Metal stocks gained after LMEX, a gauge of six metals traded on the London Metal Exchange, rose 3.44% overnight.
Realty stocks gained after being hammered in last couple of trading sessions. The government has provided a strong thrust to housing sector in the Union Budget 2009-2010.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,503 stocks traded so far, 1,839 shares advanced while 582 shares declined. Nearly 82 shares are unchanged.
The BSE Sensex is trading higher by 212.39 points at 14,066.1 whereas NSE Nifty is up by 70.3 points at 4,181.70.
The BSE Mid Cap is trading higher by 152.21 points at 4,932.49 and Small cap is trading up by 201.10 points at 5,484.13.
Major gainers from the BSE Sensex pack are DLF Limited surged 5.86% to Rs. 317.70 along with Jaiprakash Associates Limited 5.54% to Rs. 201.90, Hero Honda Motors Limited spurted 5.48% to Rs. 1,478.50, Tata Steel Limited improved 4.41% to Rs. 374.00, BHEL Limited advanced 3.62% to Rs. 2,121.00, Reliance Infrastructure Limited improved 3.09% to Rs. 1,086.40 and Larsen & Toubro Limited gained 2.78% to Rs. 1,410.80 among others.
Losers from the BSE Sensex Pack are Infosys Technologies Limited plunged 2.51% to Rs. 1,761.00 along with Hindustan Uniliver Limited by 1.67% to Rs. 264.90, Maruti Suzuki Limited 0.67% to Rs. 1,081.00, Housing Development Finance Co Limited 0.12% to Rs. 2,365.20, HDFC Bank Limited 0.09% to Rs. 1,359.15 and ITC Limited slipped 0.05% to Rs. 212.40 among others.
The BSE Realty is higher by 164.19 points or 5.48% at 3,159.35. Stocks trading in green are Indiabulls Realty surged 7.81% to Rs. 205.60, Anant Raj 6.41% to Rs. 99.55, Ansal Infrastructure 6.13% to Rs. 51.10, Mahindra LifeScience improved 5.95% to Rs. 260.15 and DLF Limited 5.86% to Rs. 317.70 among others.
Adani Enterprises Limited spurted 8.85% to Rs. 810.00 as Adani Power''s initial public offer later this month will unlock shareholder value.
Reliance Power Limited gained 6.14% to Rs. 160.85 after the company attained the financial closure for its 1,200 megawatt project in Uttar Pradesh.
Rasoya Proteins Limited improved 2.41% to Rs. 31.90 after net profit zoomed 57.5% to Rs. 2.93 crore in Q1 June 2009 as against Q1 June 2008.
OnMobile Global Limited rose 10.36% to Rs. 504.00 after the company signed an agreement with Spain based Telefonica Internacional, S.A.U for providing value added services.
Rallis India Limited jumped 12.22% to Rs. 756.00 after net profit surged 122.7% to Rs. 9.42 crore in Q1 June 2009 as against Q1 June 2008.
Jammu and Kashmir Bank Limited surged 0.99% to Rs. 451.90 after net profit rose 23.8% to Rs. 117.05 crore on 24.4% rise in total income to Rs. 891.05 crore in Q1 June 2009 as against Q1 June 2008.
Power Finance Corporation Limited gained 2.42% to Rs. 219.70 after net profit jumped 87.28% to Rs. 554.91 crore in Q1 June 2009 as against Q1 June 2008.
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