The key benchmark indices spurted northward after a gyrating opening trade. Weakness in the market came as the improving economic outlook failed a stern test in the form of closely-watched US jobs data. Still market participants are skeptical about swift economic rebound. On the sectoral front, out of 13 Indices, 7 indices advanced whereas 6 indices declined. PSU OMCs advanced for the second day in a row after Government hiked petrol and diesel prices.
Capital Goods stocks gained on hopes the government may boost spending on the infrastructure sector in the upcoming Budget.
Power stocks improved on hopes the government may boost spending on power sector in the budget. However, IT stocks retreated on weak US Job data.
The Market breadth, indicating the overall strength of the market, was negative. On BSE, out of 2,506 stocks traded so far, 1,113 shares advanced while 1,296 shares declined. Nearly 97 shares are unchanged.
The BSE Sensex is trading higher by 53.51 points at 14,712.00 whereas NSE Nifty is up by 14.25 points at 4,363.10.
The BSE Mid Cap is trading higher by 12.65 points at 5,156.93 and Small cap is trading up by 1.88 points at 5,802.12.
Major gainers from the BSE Sensex pack are Housing Development Finance Co spurted 3.32% to Rs. 2,480.20 along with NTPC Limited advanced 1.73% to Rs. 203.30, Mahindra & Mahindra Limited gained 1.62% to Rs. 724.00, Tata Power Limited improved 1.26% to Rs. 1,184.00, State Bank of India Limited advanced 1.20% to Rs. 1780.00, Larsen & Toubro Limited gained 1.11% to Rs. 1,581.00 and Tata Motors Limited improved 0.99% to Rs. 297.20 among others.
Losers from the BSE Sensex Pack are Infosys Technologies Limited plunged 1.84% to Rs. 1762.90 along with Sterlite Technologies Limited by 1.41% to Rs. 625.15, DLF Limited by 1.25% to Rs. 331.25, Hero Honda Motors Limited by 1.18% to Rs. 1368.15, Grasim Industries Limited by 1.07% to Rs. 2,376.05, Bharti Airtel by 2.53% to Rs. 802.00, State Bank of India by 2.52% to Rs. 1,735.00, Reliance Communication Limited 1.06% to Rs. 290.00, Hindalco Industries Limited by 1.06% to Rs. 83.65 and ITC Limited slipped 0.99% to Rs. 189.95.
The BSE Power is higher by 65.80 points or 1.43% at 4,615.76. Stocks trading in green are GVK Power & Infrastructure Limited gained 2.64% to Rs. 42.80, Lanco Infra Limited 2.47% to Rs. 367.00, Power Grid 2.14% to Rs. 112.10, Reliance Infrastructure by 2.03% to Rs. 1,278.00 and NTPC Limited advanced 1.73% to Rs. 203.30 among others.
NTPC Limited advanced 1.73% to Rs. 203.30 on reports it is in talks with Japan Bank for International Cooperation for a loan of $500 million for energy-efficient power projects.
GVK Power & Infrastructure Limited gained 2.64% to Rs. 42.80 on reports a qualified institutional placement by the company was oversubscribed.
EdServ Softsystems Limited spurted 4.91% to Rs. 39.50 after the company bagged an order from the Mother Teresa University.
Balaji Telefilms Limited retreated 3.56% to Rs. 52.80 after the company was slapped on a show cause-cum-demand notice for Rs 63.50 crore by the service tax commissioner
Hindustan Dorr-Oliver Limited fell 0.73% to Rs. 95.20 after the company''s board recommended raising up to Rs. 250 crore by way of rights issue or non-convertible debentures with warrants.
Sun Pharmaceuticals Industries Limited gained 0.46% to Rs. 1,151.10 after the company got tentative approval from the US Food and Drug Administration for marketing the generic version of Optivar.
Cairn India Limited shrunk 2.38% to Rs. 229.25 after crude oil prices slumped nearly 4% on the New York Mercantile Exchange on Thursday, 2 July 2009.
Capital Goods stocks gained on hopes the government may boost spending on the infrastructure sector in the upcoming Budget.
Power stocks improved on hopes the government may boost spending on power sector in the budget. However, IT stocks retreated on weak US Job data.
The Market breadth, indicating the overall strength of the market, was negative. On BSE, out of 2,506 stocks traded so far, 1,113 shares advanced while 1,296 shares declined. Nearly 97 shares are unchanged.
The BSE Sensex is trading higher by 53.51 points at 14,712.00 whereas NSE Nifty is up by 14.25 points at 4,363.10.
The BSE Mid Cap is trading higher by 12.65 points at 5,156.93 and Small cap is trading up by 1.88 points at 5,802.12.
Major gainers from the BSE Sensex pack are Housing Development Finance Co spurted 3.32% to Rs. 2,480.20 along with NTPC Limited advanced 1.73% to Rs. 203.30, Mahindra & Mahindra Limited gained 1.62% to Rs. 724.00, Tata Power Limited improved 1.26% to Rs. 1,184.00, State Bank of India Limited advanced 1.20% to Rs. 1780.00, Larsen & Toubro Limited gained 1.11% to Rs. 1,581.00 and Tata Motors Limited improved 0.99% to Rs. 297.20 among others.
Losers from the BSE Sensex Pack are Infosys Technologies Limited plunged 1.84% to Rs. 1762.90 along with Sterlite Technologies Limited by 1.41% to Rs. 625.15, DLF Limited by 1.25% to Rs. 331.25, Hero Honda Motors Limited by 1.18% to Rs. 1368.15, Grasim Industries Limited by 1.07% to Rs. 2,376.05, Bharti Airtel by 2.53% to Rs. 802.00, State Bank of India by 2.52% to Rs. 1,735.00, Reliance Communication Limited 1.06% to Rs. 290.00, Hindalco Industries Limited by 1.06% to Rs. 83.65 and ITC Limited slipped 0.99% to Rs. 189.95.
The BSE Power is higher by 65.80 points or 1.43% at 4,615.76. Stocks trading in green are GVK Power & Infrastructure Limited gained 2.64% to Rs. 42.80, Lanco Infra Limited 2.47% to Rs. 367.00, Power Grid 2.14% to Rs. 112.10, Reliance Infrastructure by 2.03% to Rs. 1,278.00 and NTPC Limited advanced 1.73% to Rs. 203.30 among others.
NTPC Limited advanced 1.73% to Rs. 203.30 on reports it is in talks with Japan Bank for International Cooperation for a loan of $500 million for energy-efficient power projects.
GVK Power & Infrastructure Limited gained 2.64% to Rs. 42.80 on reports a qualified institutional placement by the company was oversubscribed.
EdServ Softsystems Limited spurted 4.91% to Rs. 39.50 after the company bagged an order from the Mother Teresa University.
Balaji Telefilms Limited retreated 3.56% to Rs. 52.80 after the company was slapped on a show cause-cum-demand notice for Rs 63.50 crore by the service tax commissioner
Hindustan Dorr-Oliver Limited fell 0.73% to Rs. 95.20 after the company''s board recommended raising up to Rs. 250 crore by way of rights issue or non-convertible debentures with warrants.
Sun Pharmaceuticals Industries Limited gained 0.46% to Rs. 1,151.10 after the company got tentative approval from the US Food and Drug Administration for marketing the generic version of Optivar.
Cairn India Limited shrunk 2.38% to Rs. 229.25 after crude oil prices slumped nearly 4% on the New York Mercantile Exchange on Thursday, 2 July 2009.
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