The market is trading with marginal gain. The significant buying witnessed in the Metal, Realty and Pharma stocks. However, the Auto, Bank and FMCG stocks are still trading in pressure. The BSE Sensex is hovering around the 16500 mark and the NSE Nifty is trading around the 4900 mark. The broader market has outperformed the benchmark index today as sustained buying is seen in the Mid Cap and Small Cap stocks.
The overall market breadth is positive, as 1455 stocks are advancing while 958 stocks are declining and the 76 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 49.01 points at 6,802.54 and the BSE small Cap advanced by 47.13 points to trade at 8,284.22.
At 12.30 pm, BSE Sensex was at 16,518.32 down by 6.95 points and Nifty was at 4,927.15 up by 8.80 points.
BSE Metal index surged by 347.58 points to trade at 16,997.23. The major gainers are Sterlite Industries (2.92%), NALCO (1.98%), Tata Steel (1.18%) and SAIL (0.69%).
Tata Steel has received mineral concession approvals from the ministry of Mines for two large mines-one for an iron ore mine in Jharkhand and other for a chrome ore mine in Manipur.
BSE Oil & Gas index was trading 49.58 points higher at 10,827.49 as BPCL (2.80%), Cairn India (2.28%), ONGC (0.82%) and RPL (0.55%) are trading in green.
BSE Capital goods index improved by 30.16 points to 12,602.07. The main gainers are BEML (2.93%), Crompton Greaves (1.89%), L&T (0.63%) and Punj Lloyd (0.28%).
BSE IT index inclined by 1.93 points to trade at 4,568.35 as I-flex (2.32%), Satyam Computer (2.58%), Wipro (1.74%) and Tech Mahindra (1.50%) are trading in green.
Satyam Computers and Siemens PLM Software has entered into an alliance to provide software and services to help customers enhance efficiency and enable them to benefit from the duos expertise. Also, it has entered into a comprehensive agreement GE Healthcare to support customers deploying healthcare IT solutions based on GE centricity enterprise software. The companies will join the forces to plan, design and implement infrastructures for global healthcare providers.
BSE Bankex index is trading lower by 65.39 points at 7,868.11. Losers are Allahabad Bank (3.30%), Bank of India (2.37%), ICICI Bank (1.55%) and SBI (1.60%).
BSE Realty increased by 50.83 points to 7,281.25. Leading to its gain are Indiabull Real (2.82%), Unitech (0.53%), Sobha Developers (0.36%) and HDIL (0.28%).
BSE Power index decreased by 6.96 points to trade at 3,097.33 as Suzln Energy (4.23%), Tata Power (0.83%) and NTPC (0.37%) are trading in negative.
Tata Power is investing Rs.500 crore for the expansion of wind power. The company would be adding 115 MW of wind power capacity in the current fiscal.
BSE Auto slipped by 78.46 points to 4,483.57. Leading to its fall are Tata Motors (6.66%), Mahindra & Mahindra (2.18%) and Maruti Suzuki (1.65%).
The overall market breadth is positive, as 1455 stocks are advancing while 958 stocks are declining and the 76 stocks remained unchanged on BSE.
The BSE Mid cap is higher by 49.01 points at 6,802.54 and the BSE small Cap advanced by 47.13 points to trade at 8,284.22.
At 12.30 pm, BSE Sensex was at 16,518.32 down by 6.95 points and Nifty was at 4,927.15 up by 8.80 points.
BSE Metal index surged by 347.58 points to trade at 16,997.23. The major gainers are Sterlite Industries (2.92%), NALCO (1.98%), Tata Steel (1.18%) and SAIL (0.69%).
Tata Steel has received mineral concession approvals from the ministry of Mines for two large mines-one for an iron ore mine in Jharkhand and other for a chrome ore mine in Manipur.
BSE Oil & Gas index was trading 49.58 points higher at 10,827.49 as BPCL (2.80%), Cairn India (2.28%), ONGC (0.82%) and RPL (0.55%) are trading in green.
BSE Capital goods index improved by 30.16 points to 12,602.07. The main gainers are BEML (2.93%), Crompton Greaves (1.89%), L&T (0.63%) and Punj Lloyd (0.28%).
BSE IT index inclined by 1.93 points to trade at 4,568.35 as I-flex (2.32%), Satyam Computer (2.58%), Wipro (1.74%) and Tech Mahindra (1.50%) are trading in green.
Satyam Computers and Siemens PLM Software has entered into an alliance to provide software and services to help customers enhance efficiency and enable them to benefit from the duos expertise. Also, it has entered into a comprehensive agreement GE Healthcare to support customers deploying healthcare IT solutions based on GE centricity enterprise software. The companies will join the forces to plan, design and implement infrastructures for global healthcare providers.
BSE Bankex index is trading lower by 65.39 points at 7,868.11. Losers are Allahabad Bank (3.30%), Bank of India (2.37%), ICICI Bank (1.55%) and SBI (1.60%).
BSE Realty increased by 50.83 points to 7,281.25. Leading to its gain are Indiabull Real (2.82%), Unitech (0.53%), Sobha Developers (0.36%) and HDIL (0.28%).
BSE Power index decreased by 6.96 points to trade at 3,097.33 as Suzln Energy (4.23%), Tata Power (0.83%) and NTPC (0.37%) are trading in negative.
Tata Power is investing Rs.500 crore for the expansion of wind power. The company would be adding 115 MW of wind power capacity in the current fiscal.
BSE Auto slipped by 78.46 points to 4,483.57. Leading to its fall are Tata Motors (6.66%), Mahindra & Mahindra (2.18%) and Maruti Suzuki (1.65%).
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