The markets opened on a subdued note due to lack of cues from the Asian markets. Better than expected IIP data 2.7% in May though the growth is much lower than the 4.4% recorded in the corresponding month last year, holing the market above base line. Sentiments are feeble across the broader level as there is no specific news to guide the markets. The benchmark indices are hovering around the base line since the morning bell.
The better-than-expected Q1 results from Infosys before trading hours helped the markets open in a positive note.
On the sectoral front, out of 13 Indices, 9 indices advanced whereas 4 indices declined. Oil stocks were fragile as crude oil fell as the dollar gained against major currencies reducing the appeal of commodities to investors as a hedge against inflation.
IT stocks advanced on better-than-expected Q1 June 2009 results from Infosys Technologies Limited. Auto stocks gained on retention of lower excise duties in the Budget.
The Market breadth, indicating the overall strength of the market, was positive. On BSE, out of 2,456 stocks traded so far, 1,231 shares advanced while 1,128 shares declined. Nearly 97 shares are unchanged.
The BSE Sensex is trading higher by 3.89 points at 13,761.36 whereas NSE Nifty is up by 7.40 points at 4,088.35.
The BSE Mid Cap is trading higher by 31.77 points at 4,842.57 and Small cap is trading up by 33.53 points at 5,363.26.
Major gainers from the BSE Sensex pack are Sterlite Industries Limited surged 4.45% to Rs. 582.00 along with Wipro Limited 4.39% to Rs. 388.50, Infosys Technologies Limited improved 2.99% to Rs. 1,726.90, DLF Limited improved 2.98% to Rs. 287.00, Tata Motors Limited advanced 2.77% to Rs. 279.85, ICICI Bank Limited improved 2.13% to Rs. 650.00 and TCS Limited gained 1.94% to Rs. 396.15 among others.
Losers from the BSE Sensex Pack are Mahindra & Mahindra Limited weaken 2.35% to Rs. 705.10 along with Jaiprakash Associates Limited plunged 2.20% to Rs. 193.00, Housing Development Finance Co 1.98% to Rs. 2,261.00, Tata Power Limited by 1.82% to Rs. 1,079.50, Sun Pharmaceuticals Limited by 1.74% to Rs. 1,149.30, Reliance Infrastructure Limited 1.54% to Rs. 1,084.00 and Bharti Airtel Limited slipped 1.36% to Rs. 788.95 among others.
The BSE IT is higher by 85.72 points or 2.74% at 3,213.94. Stocks trading in green are HCL Technologies surged 5.65% to Rs. 186.00, Wipro Limited 4.39% to Rs. 388.50, Rolta 3.55% to Rs. 113.90, Infosys Technologies Limited improved 2.99% to Rs. 1,726.90 and Tech Mahindra 2.39% to Rs. 711.90 among others.
Infosys Technologies Limited improved 2.99% to Rs. 1,726.90 after the company reported better-than-expected Q1 June 2009 results before trading hours.
Tata Motors Limited advanced 2.77% to Rs. 279.85 after the company''s top management in a television interview said the company is on its way to recovery.
Dabur India Limited gained 1.79% to Rs. 130.65 after a block deal of five lakh shares was executed on NSE at Rs 131 per share.
Mahindra Satyam Limited zoomed 5.75% to Rs. 77.20 after the company signed a five-year multi-million dollar deal with UK-based GlaxoSmithKline to provide SAP and other critical systems support.
Hindustan Construction Company Limited improved 1.08% to Rs. 102.95 after the company bagged an order worth Rs. 387.50 crore.
Aegis Logistics Limited fell 0.29% to Rs. 122.00 despite the company''s board of directors approved a share buy back proposal aggregating Rs. 16.72 crore
Praj Industries Limited plunged 2.83% to Rs. 80.70 despite net profit rose 2.34% to Rs 25.33 crore in Q1 June 2009 over Q1 June 2008.
Punj Lloyd Limited gained 4.00% to Rs. 193.70 its joint venture company in Saudi Arabia bagged an order worth Rs. 1,210 crore.
The better-than-expected Q1 results from Infosys before trading hours helped the markets open in a positive note.
On the sectoral front, out of 13 Indices, 9 indices advanced whereas 4 indices declined. Oil stocks were fragile as crude oil fell as the dollar gained against major currencies reducing the appeal of commodities to investors as a hedge against inflation.
IT stocks advanced on better-than-expected Q1 June 2009 results from Infosys Technologies Limited. Auto stocks gained on retention of lower excise duties in the Budget.
The Market breadth, indicating the overall strength of the market, was positive. On BSE, out of 2,456 stocks traded so far, 1,231 shares advanced while 1,128 shares declined. Nearly 97 shares are unchanged.
The BSE Sensex is trading higher by 3.89 points at 13,761.36 whereas NSE Nifty is up by 7.40 points at 4,088.35.
The BSE Mid Cap is trading higher by 31.77 points at 4,842.57 and Small cap is trading up by 33.53 points at 5,363.26.
Major gainers from the BSE Sensex pack are Sterlite Industries Limited surged 4.45% to Rs. 582.00 along with Wipro Limited 4.39% to Rs. 388.50, Infosys Technologies Limited improved 2.99% to Rs. 1,726.90, DLF Limited improved 2.98% to Rs. 287.00, Tata Motors Limited advanced 2.77% to Rs. 279.85, ICICI Bank Limited improved 2.13% to Rs. 650.00 and TCS Limited gained 1.94% to Rs. 396.15 among others.
Losers from the BSE Sensex Pack are Mahindra & Mahindra Limited weaken 2.35% to Rs. 705.10 along with Jaiprakash Associates Limited plunged 2.20% to Rs. 193.00, Housing Development Finance Co 1.98% to Rs. 2,261.00, Tata Power Limited by 1.82% to Rs. 1,079.50, Sun Pharmaceuticals Limited by 1.74% to Rs. 1,149.30, Reliance Infrastructure Limited 1.54% to Rs. 1,084.00 and Bharti Airtel Limited slipped 1.36% to Rs. 788.95 among others.
The BSE IT is higher by 85.72 points or 2.74% at 3,213.94. Stocks trading in green are HCL Technologies surged 5.65% to Rs. 186.00, Wipro Limited 4.39% to Rs. 388.50, Rolta 3.55% to Rs. 113.90, Infosys Technologies Limited improved 2.99% to Rs. 1,726.90 and Tech Mahindra 2.39% to Rs. 711.90 among others.
Infosys Technologies Limited improved 2.99% to Rs. 1,726.90 after the company reported better-than-expected Q1 June 2009 results before trading hours.
Tata Motors Limited advanced 2.77% to Rs. 279.85 after the company''s top management in a television interview said the company is on its way to recovery.
Dabur India Limited gained 1.79% to Rs. 130.65 after a block deal of five lakh shares was executed on NSE at Rs 131 per share.
Mahindra Satyam Limited zoomed 5.75% to Rs. 77.20 after the company signed a five-year multi-million dollar deal with UK-based GlaxoSmithKline to provide SAP and other critical systems support.
Hindustan Construction Company Limited improved 1.08% to Rs. 102.95 after the company bagged an order worth Rs. 387.50 crore.
Aegis Logistics Limited fell 0.29% to Rs. 122.00 despite the company''s board of directors approved a share buy back proposal aggregating Rs. 16.72 crore
Praj Industries Limited plunged 2.83% to Rs. 80.70 despite net profit rose 2.34% to Rs 25.33 crore in Q1 June 2009 over Q1 June 2008.
Punj Lloyd Limited gained 4.00% to Rs. 193.70 its joint venture company in Saudi Arabia bagged an order worth Rs. 1,210 crore.
No comments:
Post a Comment