After a subdued opening, the key benchmark indices traded volatile in a range bound session on profit taking despite Federal Reserve''s statement that "economic activity is levelling out". The US''s central bank gave no signal on any increase in its $300 billion quantitative easing programme which was necessary and its outlook on recovery prospects improved.
On the sectoral front, out of 13 Indices, 4 indices advanced whereas 9 indices declined. Oil exploration stocks advanced as crude oil gained for a second day after the German and French economies unexpectedly grew, sprinkling hopes for a recovery in fuel demand. Realty stocks plunged on profit taking. Auto stocks slipped on worries arising from scanty rains as auto firms derive larger revenue from rural India. IT stocks drifted down on weak US retail sales data.
The Market breadth, indicating the overall strength of the stock market, was strong On BSE, out of 2,559 stocks traded so far, 1,358 shares advanced while 1,122 shares declined. Nearly 79 shares are unchanged.
At 1.18PM, the BSE Sensex is trading lower by 40 points at 15,478 whereas NSE Nifty is down by 13.20 points at 4,591.50.
The BSE Mid Cap is trading higher by 13.18 points at 5,622.08 and Small cap is trading up by 48.22 points at 6,435.28.
Major losers from the BSE Sensex Pack are ITC Ltd plunged 2.91% to Rs. 232.00, Housing Development Finance Co Ltd 2.48% to Rs. 2,304, Jaiprakash Associates Ltd plunged 2.30% to Rs. 219.15, Wipro Ltd 2.21% to Rs. 504.10, Hero Honda Motors Ltd by 2.01% to Rs. 1,477, Hindustan Uniliver Ltd by 1.94% to Rs. 258.20, Infosys Technologies Ltd by 1.85% to Rs. 2,027, ICICI Bank by 1.83% to Rs. 743.10, Tata Motors by 1.72% to Rs. 465.20, Sun Pharmaceuticals Ltd by 1.52% to Rs. 1,224.30 and TCS Ltd by 1.33% to Rs. 520.00.
Major gainers from the BSE Sensex pack are ONGC Ltd up by 4.27% to Rs. 1,214.10 along with, Tata Steel Ltd surged 1.30% to Rs. 476.60, Hindalco Industries Ltd by 1.20% to Rs. 109.90, Reliance Infrastructure Ltd by 1.10% to Rs. 1,181, Sterlite Industries by 0.98% to Rs. 666 and Reliance Industries Ltd by 0.58% to Rs. 2,035.15 among others.
The BSE FMCG is lower by 52.23 points or 2.02% at 2,533.05. Stocks plunged are ITC Ltd 2.91% to Rs. 232.00, Hindustan Uniliver Ltd 1.94% to Rs. 258.20, Ruchi Soya Ltd 1.61% to Rs. 73.40, United Brew Ltd 0.78% to Rs. 153.05, United Spr Ltd by 0.54% to Rs. 904 and Colgate Palm 0.23% to Rs. 604.55 among others.
IndusInd Bank Ltd spurted 3.54% to Rs. 96.40 after the bank said its capital adequacy ratio, or CAR, has risen to over 15% following its Rs. 480 crore qualified institutional placement.
Indraprastha Gas Ltd zoomed 6.23% to Rs. 162.85 on buzz the company signed a pact with Reliance Industries and its partner NIKO for purchasing of gas from D6 block of Krishna-Godavari basin at $4.2 per million British thermal unit.
eClerx Services Ltd gained 1.50% to Rs. 328.10 after private equity firm Sequoia Capital bought a 6% stake in the company from Burwood Ventures for nearly Rs. 40 crore in a block deal on Wednesday, 12 August 2009.
Tulsyan NEC Ltd gained 0.29% to Rs. 51.10 after the company said its board will meet on 18 August 2009 to consider issue of equity shares on rights basis.
On the sectoral front, out of 13 Indices, 4 indices advanced whereas 9 indices declined. Oil exploration stocks advanced as crude oil gained for a second day after the German and French economies unexpectedly grew, sprinkling hopes for a recovery in fuel demand. Realty stocks plunged on profit taking. Auto stocks slipped on worries arising from scanty rains as auto firms derive larger revenue from rural India. IT stocks drifted down on weak US retail sales data.
The Market breadth, indicating the overall strength of the stock market, was strong On BSE, out of 2,559 stocks traded so far, 1,358 shares advanced while 1,122 shares declined. Nearly 79 shares are unchanged.
At 1.18PM, the BSE Sensex is trading lower by 40 points at 15,478 whereas NSE Nifty is down by 13.20 points at 4,591.50.
The BSE Mid Cap is trading higher by 13.18 points at 5,622.08 and Small cap is trading up by 48.22 points at 6,435.28.
Major losers from the BSE Sensex Pack are ITC Ltd plunged 2.91% to Rs. 232.00, Housing Development Finance Co Ltd 2.48% to Rs. 2,304, Jaiprakash Associates Ltd plunged 2.30% to Rs. 219.15, Wipro Ltd 2.21% to Rs. 504.10, Hero Honda Motors Ltd by 2.01% to Rs. 1,477, Hindustan Uniliver Ltd by 1.94% to Rs. 258.20, Infosys Technologies Ltd by 1.85% to Rs. 2,027, ICICI Bank by 1.83% to Rs. 743.10, Tata Motors by 1.72% to Rs. 465.20, Sun Pharmaceuticals Ltd by 1.52% to Rs. 1,224.30 and TCS Ltd by 1.33% to Rs. 520.00.
Major gainers from the BSE Sensex pack are ONGC Ltd up by 4.27% to Rs. 1,214.10 along with, Tata Steel Ltd surged 1.30% to Rs. 476.60, Hindalco Industries Ltd by 1.20% to Rs. 109.90, Reliance Infrastructure Ltd by 1.10% to Rs. 1,181, Sterlite Industries by 0.98% to Rs. 666 and Reliance Industries Ltd by 0.58% to Rs. 2,035.15 among others.
The BSE FMCG is lower by 52.23 points or 2.02% at 2,533.05. Stocks plunged are ITC Ltd 2.91% to Rs. 232.00, Hindustan Uniliver Ltd 1.94% to Rs. 258.20, Ruchi Soya Ltd 1.61% to Rs. 73.40, United Brew Ltd 0.78% to Rs. 153.05, United Spr Ltd by 0.54% to Rs. 904 and Colgate Palm 0.23% to Rs. 604.55 among others.
IndusInd Bank Ltd spurted 3.54% to Rs. 96.40 after the bank said its capital adequacy ratio, or CAR, has risen to over 15% following its Rs. 480 crore qualified institutional placement.
Indraprastha Gas Ltd zoomed 6.23% to Rs. 162.85 on buzz the company signed a pact with Reliance Industries and its partner NIKO for purchasing of gas from D6 block of Krishna-Godavari basin at $4.2 per million British thermal unit.
eClerx Services Ltd gained 1.50% to Rs. 328.10 after private equity firm Sequoia Capital bought a 6% stake in the company from Burwood Ventures for nearly Rs. 40 crore in a block deal on Wednesday, 12 August 2009.
Tulsyan NEC Ltd gained 0.29% to Rs. 51.10 after the company said its board will meet on 18 August 2009 to consider issue of equity shares on rights basis.
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