After a positive start to the market session, the domestic markets off from the early high and slipped into the negative territory after Finance Minister Pranab Mukherjee started presenting the Union Budget in the parliament today. The Finance Minister said to provide all possible assistance for exporters and would help identify new export markets and to extend enhanced export credit guarantee to march 2010. He also said that the agriculture credit target for the fiscal year 2009-10 is Rs3.25 trillion.
The Government would pay additional subvention of 1% to farmers who pay short-term farm loans on schedule and the government would provide additional Rs10bn over the interim budget for irrigation. The Government would also extend agriculture debt waiver by six months.
On a stock specific move, Prakash Industries is trading with a gain of more than 3% as the company is planning to raise $100 million through foreign currency convertible bonds to part-fund its proposed 625 mw thermal power plant at Champa (Chhattisgarh).
During the last hours'''' trading session, buying interest has emerged across Realty, Power, Capital Goods and Banking stocks whereas selling interest seen across Oil & Gas, Metal, Auto and FMCG counters.
Among the BSE sectoral indices, Realty, Power, CG and Banking index inclined by 4.88%, 2.33%, 2.20% and 1.755 respectively, while the Oil & Gas, Auto, Metal index slipped by 0.76%, 0.47% and 0.75% respectively.
Overall the market breadth is positive as 1,441 stocks are trading in red while 678 stocks are in green.
The BSE Sensex down by 14.87 points at 14,898.18 while NSE Nifty down by 15.15 points at 4,409.10.
Besides, the BSE Mid Cap is trading lower by 7.89 points at 5,187.22 while BSE Small Cap is trading marginally higher by 20.31 points at 5,845.26.
Gainers from the BSE Sensex Pack are DLF surged by (5.15%) to Rs. 354.35, along with Reliance Infra by (3.93%) to Rs. 1,343, NTPC by (2.67%) at Rs. 209.80, L&T by (2.60%) at Rs. 1,649.45, Hai Prakash Associate by (2.15%) at Rs. 219 and ICICI Bank by (2.08%) at Rs. 769.75.
Losers from the NSE Nifty Pack are ONGC declined by (1.47%) at Rs. 1,118 along with Tata Steel by (1.29%) at Rs. 432.65, ACC Limited. by (0.90%) at Rs. 760, Grasim Industries by (0.87%) at Rs. 2,387.50, Maruti Suzuki by (0.73%) at Rs. 1,049.10 and HUL by (0.49%) at Rs. 271.85.
BSE Realty is trading up by (3.99%) or 137.07 points at 3,572.30. The major gainers are Mahindra Life inclined by (5.34%) at Rs. 284.90 along with Anant Raj Industries by (5%) at Rs. 117.70, DLF Limited. by (4.81%) at Rs. 353.20, HDIL by (4.67%) at Rs. 251.10 followed by Unitech Limited. by (4.24%) at Rs. 87.20.
BSE Power is trading higher by (2.06%) or 60.22 points at 2,990.45. The top gainers in the index are GVK Power surged by (5.88%) to Rs.45.90 along with Power Grid by (3.82%) to Rs. 117, Suzlon Energy by (2.90%) to Rs. 109.90, followed by NTPC by (2.86%) to Rs. 210.20.
The Government would pay additional subvention of 1% to farmers who pay short-term farm loans on schedule and the government would provide additional Rs10bn over the interim budget for irrigation. The Government would also extend agriculture debt waiver by six months.
On a stock specific move, Prakash Industries is trading with a gain of more than 3% as the company is planning to raise $100 million through foreign currency convertible bonds to part-fund its proposed 625 mw thermal power plant at Champa (Chhattisgarh).
During the last hours'''' trading session, buying interest has emerged across Realty, Power, Capital Goods and Banking stocks whereas selling interest seen across Oil & Gas, Metal, Auto and FMCG counters.
Among the BSE sectoral indices, Realty, Power, CG and Banking index inclined by 4.88%, 2.33%, 2.20% and 1.755 respectively, while the Oil & Gas, Auto, Metal index slipped by 0.76%, 0.47% and 0.75% respectively.
Overall the market breadth is positive as 1,441 stocks are trading in red while 678 stocks are in green.
The BSE Sensex down by 14.87 points at 14,898.18 while NSE Nifty down by 15.15 points at 4,409.10.
Besides, the BSE Mid Cap is trading lower by 7.89 points at 5,187.22 while BSE Small Cap is trading marginally higher by 20.31 points at 5,845.26.
Gainers from the BSE Sensex Pack are DLF surged by (5.15%) to Rs. 354.35, along with Reliance Infra by (3.93%) to Rs. 1,343, NTPC by (2.67%) at Rs. 209.80, L&T by (2.60%) at Rs. 1,649.45, Hai Prakash Associate by (2.15%) at Rs. 219 and ICICI Bank by (2.08%) at Rs. 769.75.
Losers from the NSE Nifty Pack are ONGC declined by (1.47%) at Rs. 1,118 along with Tata Steel by (1.29%) at Rs. 432.65, ACC Limited. by (0.90%) at Rs. 760, Grasim Industries by (0.87%) at Rs. 2,387.50, Maruti Suzuki by (0.73%) at Rs. 1,049.10 and HUL by (0.49%) at Rs. 271.85.
BSE Realty is trading up by (3.99%) or 137.07 points at 3,572.30. The major gainers are Mahindra Life inclined by (5.34%) at Rs. 284.90 along with Anant Raj Industries by (5%) at Rs. 117.70, DLF Limited. by (4.81%) at Rs. 353.20, HDIL by (4.67%) at Rs. 251.10 followed by Unitech Limited. by (4.24%) at Rs. 87.20.
BSE Power is trading higher by (2.06%) or 60.22 points at 2,990.45. The top gainers in the index are GVK Power surged by (5.88%) to Rs.45.90 along with Power Grid by (3.82%) to Rs. 117, Suzlon Energy by (2.90%) to Rs. 109.90, followed by NTPC by (2.86%) to Rs. 210.20.
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