Market after a spectacular start, the key benchmark indices pared some of its early gains amidst mixed trading, but continued strength in large cap Metals, Realty and FMCG helped the bourses to elevate higher. Better-than-expected earnings headlines from India Inc technology players during recent weeks, leaves optimistic outlook.
Our market also got some support from firm Asian markets and announcement that Foreign Institutional Investors (FIIs) and the Non-Resident Indians (NRIs) have been allowed to invest in Indian Depository Receipts (IDR), according to the operational guidelines issued by the Reserve Bank of India on Wednesday, 22 July 2009.
On the sectoral front, out of 13 Indices, all were strong. Metal stocks rose as LMEX, a gauge of six metals traded on the London Metal Exchange rose 1.72% overnight.
The Market breadth, indicating the overall strength of the market, was stong. On BSE, out of 2,552 stocks traded so far, 1,585 shares advanced while 867 shares declined. Nearly 100 shares are unchanged.
The BSE Sensex is trading higher by 217.07 points at 15,060.20 whereas NSE Nifty is up by 72.30 points at 4,471.20.
The BSE Mid Cap is trading higher by 90.42 points at 5,265.16 and Small cap is trading up by 93.43 points at 5,910.80.
Major gainers from the BSE Sensex pack are Hindalco Industries Limited surged 5.61% to Rs. 90.30 along with Sterlite Industries Limited 4.97% to Rs. 631.20, ITC Limited 4.52% to Rs. 227.70, DLF Limited improved 3.48% to Rs. 358.25, Tata Motors Limited improved 3.36% to Rs. 335.45, Reliance Infrastructure Limited gained 2.82% to Rs. 1,122.00, Jaiprakash Associates Limited gained 2.72% to Rs. 224.80, Maruti Suzuki Limited by 2.70% to Rs. 1,250.00, Tata Steel by 2.47% to Rs. 408.15, Reliance Communication by 2.39% to Rs. 268.10, Infosys Technologies Limited by 2.28% to Rs. 1,962.95 and TCS Limited by 2.20% to Rs. 476.10 among others.
Major losers from the BSE Sensex Pack are Sun Pharmaceuticals Limited weaken by 1.81% to Rs. 1,231.90 and Bharti Airtel Limited by 1.57% to Rs. 809.90.
The BSE CD is higher by 124.05 points or 4.23% at 3,058.99. Stocks trading in green are Blue Star Limited spurted 7.94% to Rs. 352.65, Titan Industries Limited 3.39% to Rs. 1,299.00, Videocon Industries Limited 2.23% to Rs. 173.15, Gitanjali Gems Limited 1.79% to Rs. 99.75 and Rajesh Exports Limited 1.27% to Rs. 39.90 among others.
IFCI Limited gained 1.66% to Rs. 49.00 despite net profit retreated 33.3% to Rs. 100.78 crore in Q1 June 2009 as against Q1 June 2008.
Maharashtra Seamless Limited gained 1.65% to Rs. 255.00 after net profit rose 8.2% to Rs. 65.22 crore in Q1 June 2009 as against Q1 June 2008.
Ponni Sugars Erode Limited spurted 9.51% to Rs. 60.45 after the company posted net profit of Rs. 4.46 crore in Q1 June 2009 as against net loss of Rs. 1.03 crore in Q1 June 2008.
Biocon Limited zoomed 3.25% to Rs. 219.25 after consolidated net profit increased phenomenally 283.16% to Rs 57.55 crore in Q1 June 2009 as against Q1 June 2008.
ITC Limited gained 4.52% to Rs. 227.70 ahead of the quarterly result announcement due later today.
Siemens Limited improved 0.53% to Rs. 464.90 after the company bagged two orders aggregating Rs. 109 crore.
Sun Pharmaceutical Industries Limited plummeted 1.81% to Rs. 1,231.90 after US law firm Izard Nobel Llp filed a lawsuit seeking class action status against its US subsidiary Caraco Pharmaceutical Laboratories.
Jindal Drilling & Industries Limited spurted 10.75% to Rs. 533.80 after net profit increased in triple digit 330.3% to Rs 16.61 crore in Q1 June 2009 as against Q1 June 2008.
Our market also got some support from firm Asian markets and announcement that Foreign Institutional Investors (FIIs) and the Non-Resident Indians (NRIs) have been allowed to invest in Indian Depository Receipts (IDR), according to the operational guidelines issued by the Reserve Bank of India on Wednesday, 22 July 2009.
On the sectoral front, out of 13 Indices, all were strong. Metal stocks rose as LMEX, a gauge of six metals traded on the London Metal Exchange rose 1.72% overnight.
The Market breadth, indicating the overall strength of the market, was stong. On BSE, out of 2,552 stocks traded so far, 1,585 shares advanced while 867 shares declined. Nearly 100 shares are unchanged.
The BSE Sensex is trading higher by 217.07 points at 15,060.20 whereas NSE Nifty is up by 72.30 points at 4,471.20.
The BSE Mid Cap is trading higher by 90.42 points at 5,265.16 and Small cap is trading up by 93.43 points at 5,910.80.
Major gainers from the BSE Sensex pack are Hindalco Industries Limited surged 5.61% to Rs. 90.30 along with Sterlite Industries Limited 4.97% to Rs. 631.20, ITC Limited 4.52% to Rs. 227.70, DLF Limited improved 3.48% to Rs. 358.25, Tata Motors Limited improved 3.36% to Rs. 335.45, Reliance Infrastructure Limited gained 2.82% to Rs. 1,122.00, Jaiprakash Associates Limited gained 2.72% to Rs. 224.80, Maruti Suzuki Limited by 2.70% to Rs. 1,250.00, Tata Steel by 2.47% to Rs. 408.15, Reliance Communication by 2.39% to Rs. 268.10, Infosys Technologies Limited by 2.28% to Rs. 1,962.95 and TCS Limited by 2.20% to Rs. 476.10 among others.
Major losers from the BSE Sensex Pack are Sun Pharmaceuticals Limited weaken by 1.81% to Rs. 1,231.90 and Bharti Airtel Limited by 1.57% to Rs. 809.90.
The BSE CD is higher by 124.05 points or 4.23% at 3,058.99. Stocks trading in green are Blue Star Limited spurted 7.94% to Rs. 352.65, Titan Industries Limited 3.39% to Rs. 1,299.00, Videocon Industries Limited 2.23% to Rs. 173.15, Gitanjali Gems Limited 1.79% to Rs. 99.75 and Rajesh Exports Limited 1.27% to Rs. 39.90 among others.
IFCI Limited gained 1.66% to Rs. 49.00 despite net profit retreated 33.3% to Rs. 100.78 crore in Q1 June 2009 as against Q1 June 2008.
Maharashtra Seamless Limited gained 1.65% to Rs. 255.00 after net profit rose 8.2% to Rs. 65.22 crore in Q1 June 2009 as against Q1 June 2008.
Ponni Sugars Erode Limited spurted 9.51% to Rs. 60.45 after the company posted net profit of Rs. 4.46 crore in Q1 June 2009 as against net loss of Rs. 1.03 crore in Q1 June 2008.
Biocon Limited zoomed 3.25% to Rs. 219.25 after consolidated net profit increased phenomenally 283.16% to Rs 57.55 crore in Q1 June 2009 as against Q1 June 2008.
ITC Limited gained 4.52% to Rs. 227.70 ahead of the quarterly result announcement due later today.
Siemens Limited improved 0.53% to Rs. 464.90 after the company bagged two orders aggregating Rs. 109 crore.
Sun Pharmaceutical Industries Limited plummeted 1.81% to Rs. 1,231.90 after US law firm Izard Nobel Llp filed a lawsuit seeking class action status against its US subsidiary Caraco Pharmaceutical Laboratories.
Jindal Drilling & Industries Limited spurted 10.75% to Rs. 533.80 after net profit increased in triple digit 330.3% to Rs 16.61 crore in Q1 June 2009 as against Q1 June 2008.
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