After a strong opening, the key benchmark indices gyrates along the base line as investors are worried that scanty rain may disrupt a nascent revival in the domestic economy and spread of the deadly swine flu in the country weighed on the sentiment. Despite, better-than-expected US and Japanese economic data the market could not hold firm.
On the sectoral front, out of 13 Indices, 10 indices advanced whereas 3 indices declined. FMCG stocks slipped on concerns over annual monsoon. Capital Goods stocks fell on profit booking after recent strong rally on the back of thrust on the infrastructure sector in the Union Budget 2009-2010.
The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,578 stocks traded so far, 1,055 shares advanced while 1,441 shares declined. Nearly 82 shares are unchanged.
At 1.27PM, the BSE Sensex is trading higher by 8.68 points at 15,168.93 whereas NSE Nifty is up by 7.45 points at 4,488.85.
The BSE Mid Cap is trading lower by 3.52 points at 5,429.73 and Small cap is trading down by 29.93 points at 6,163.82.
Major gainers from the BSE Sensex pack are TCS Ltd by 5.95% to Rs. 538.50 along with, Hindalco Industries Ltd surged 3.80% to Rs. 105.15, Tata Power Ltd by 3.20% to Rs. 1,264.60, Wipro Ltd by 2.95% to Rs. 513.60, Infosys Technologies Ltd by 2.59% to Rs. 2,094.80, ONGC Ltd by 2.39% to Rs. 1,165.30, Sterlite Industries Ltd by 2.25% to Rs. 643.00, Tata Steel by 1.49% to Rs. 463.00 and Reliance Infrastructure Ltd by 1.43% to Rs. 1,163.00 among others.
Major losers from the BSE Sensex Pack are Mahindra & Mahindra Ltd plunged 7.07% to Rs. 775.15, ACC Ltd 3.17% to Rs. 839.00, Bharti Airtel Ltd plunged 2.89% to Rs. 372.70, Hero Honda Motors Ltd 2.66% to Rs. 1,441.90, Hindustan Uniliver Ltd 2.46% to Rs. 263.20, ITC Ltd by 2.19% to Rs. 225.10 and Maruti Suzuki Ltd by 1.73% to Rs. 1,268.95 among others.
The BSE Auto is lower by 145.60 points or 2.67% at 5,311.49. Stocks weaken are Mahindra & Mahindra Ltd 7.07% to Rs. 775.15, Bajaj Auto Ltd 4.76% to Rs. 1,119.50, Hero Honda Motors Ltd 2.66% to Rs. 1,441.90, Escorts Ltd 1.86% to Rs. 68.70, Bharat Forge Ltd by 1.73% to Rs. 224.35, Maruti Suzuki Ltd by 1.73% to Rs. 1,268.95 and Tata Motors Ltd 1.42% to Rs. 408.60 among others.
Cipla Ltd surged 6.14% to Rs. 289.75 as the company''s financials may get a boost from sale of Tamiflu vaccine used for treating the deadly swine flu pandemic.
Hindustan Unilever Ltd slump 2.39% to Rs. 263.40 after four lakh shares changed hands in two block deals on NSE.
Aurobindo Pharma Ltd improved 4.11% to Rs. 628.00 after the company got approval from the US drug regulator for a generic drug.
Mundra Port Special Economic Zone Ltd rose 3.69% to Rs. 560.90 after the company bagged an order for developing a terminal at Mormugoa port at Goa.
Gulf Oil Corporation Ltd fell 1.68% to Rs. 61.55 despite the company''s shareholders approved raising funds through various options.
Tata Steel Ltd gained 1.58% to Rs. 463.40 on reports the company plans to invest Rs. 40,000 crore over the next five years to ramp up its production capacity to 16 million tons.
Adlabs Films Ltd fell 0.39% to Rs. 330.25 after the company said its board will meet on 12 August 2009 to consider issuing equity shares on rights basis.
On the sectoral front, out of 13 Indices, 10 indices advanced whereas 3 indices declined. FMCG stocks slipped on concerns over annual monsoon. Capital Goods stocks fell on profit booking after recent strong rally on the back of thrust on the infrastructure sector in the Union Budget 2009-2010.
The Market breadth, indicating the overall strength of the market, was weak. On BSE, out of 2,578 stocks traded so far, 1,055 shares advanced while 1,441 shares declined. Nearly 82 shares are unchanged.
At 1.27PM, the BSE Sensex is trading higher by 8.68 points at 15,168.93 whereas NSE Nifty is up by 7.45 points at 4,488.85.
The BSE Mid Cap is trading lower by 3.52 points at 5,429.73 and Small cap is trading down by 29.93 points at 6,163.82.
Major gainers from the BSE Sensex pack are TCS Ltd by 5.95% to Rs. 538.50 along with, Hindalco Industries Ltd surged 3.80% to Rs. 105.15, Tata Power Ltd by 3.20% to Rs. 1,264.60, Wipro Ltd by 2.95% to Rs. 513.60, Infosys Technologies Ltd by 2.59% to Rs. 2,094.80, ONGC Ltd by 2.39% to Rs. 1,165.30, Sterlite Industries Ltd by 2.25% to Rs. 643.00, Tata Steel by 1.49% to Rs. 463.00 and Reliance Infrastructure Ltd by 1.43% to Rs. 1,163.00 among others.
Major losers from the BSE Sensex Pack are Mahindra & Mahindra Ltd plunged 7.07% to Rs. 775.15, ACC Ltd 3.17% to Rs. 839.00, Bharti Airtel Ltd plunged 2.89% to Rs. 372.70, Hero Honda Motors Ltd 2.66% to Rs. 1,441.90, Hindustan Uniliver Ltd 2.46% to Rs. 263.20, ITC Ltd by 2.19% to Rs. 225.10 and Maruti Suzuki Ltd by 1.73% to Rs. 1,268.95 among others.
The BSE Auto is lower by 145.60 points or 2.67% at 5,311.49. Stocks weaken are Mahindra & Mahindra Ltd 7.07% to Rs. 775.15, Bajaj Auto Ltd 4.76% to Rs. 1,119.50, Hero Honda Motors Ltd 2.66% to Rs. 1,441.90, Escorts Ltd 1.86% to Rs. 68.70, Bharat Forge Ltd by 1.73% to Rs. 224.35, Maruti Suzuki Ltd by 1.73% to Rs. 1,268.95 and Tata Motors Ltd 1.42% to Rs. 408.60 among others.
Cipla Ltd surged 6.14% to Rs. 289.75 as the company''s financials may get a boost from sale of Tamiflu vaccine used for treating the deadly swine flu pandemic.
Hindustan Unilever Ltd slump 2.39% to Rs. 263.40 after four lakh shares changed hands in two block deals on NSE.
Aurobindo Pharma Ltd improved 4.11% to Rs. 628.00 after the company got approval from the US drug regulator for a generic drug.
Mundra Port Special Economic Zone Ltd rose 3.69% to Rs. 560.90 after the company bagged an order for developing a terminal at Mormugoa port at Goa.
Gulf Oil Corporation Ltd fell 1.68% to Rs. 61.55 despite the company''s shareholders approved raising funds through various options.
Tata Steel Ltd gained 1.58% to Rs. 463.40 on reports the company plans to invest Rs. 40,000 crore over the next five years to ramp up its production capacity to 16 million tons.
Adlabs Films Ltd fell 0.39% to Rs. 330.25 after the company said its board will meet on 12 August 2009 to consider issuing equity shares on rights basis.
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