The stock markets today opened on a flat note and suddenly turned volatile and slipped into the negative territory as investors booked profits after a sharp rally in the previous session. The IT, Realty, Auto and Banking stocks are facing the selling pressure in the early trade. However, some buying among the Oil & Gas, PSU, Consumer Durables and Metal stocks are supporting the markets today. The broader market indices however trading flat in the opening trade
The BSE Sensex is now trading below the 15500 mark and the NSE Nifty below the 4600 mark in the early trade.
At 10.32 IST, the BSE Sensex is trading down by 71.46 points or (0.46%) at 15,447.03 and the NSE Nifty is trading lower by 21.50 points or (0.47%) at 4,583.50.
The BSE Mid Cap is trading lower by 9.26 points at 5,599.63 while the BSE Small Cap grew by 20.69 points or (0.32%) to 6,407.74.
ONGC reported the top gainer from the BSE Sensex pack, as it is trading up by (3.33%) at Rs.1,203.15 while Jai Prakash Associate reported the top loser trading down by (2.21%) at Rs. 219.35.
The Overall market breadth is positive as 965 stocks are advancing while 831 stocks are declining and the 59 stocks remained unchanged on BSE.
The US stocks markets closed higher on Thursday, on strong performance by Wal-Mart. In addition, investors applauded an encouraging business-inventories report, which indicated that the recession might be winding down. Wal-Mart beats Street expectations and reported better-than-expected earnings along with solid outlook. Upward movement was also contributed by the news that the German and French economies both exceeded expectations by posting second quarter growth of 0.3%. The Dow Jones Industrial Average (DJIA) ended up by 36.58 points at 9,398.19, NASDAQ index inclined by 10.63 points to 2009.35 and the S&P 500 (SPX) closed higher by 6.92 points at 1,012.73.
Asian markets were trading mixed today as the Nikkei 225, Straits Times and Seoul Composite index are trading up by (0.79%), (0.24%) and (1.27%) respectively. Whiel Hang Seng index is trading down by (0.79%).
BSE Consumer Durable index advanced by 23.88 points or (0.78%) at 3,091.31. The top gainers are Gitanjali Gems grew by (3.78%) to Rs.112.50, Rajesh Export inclined by (3.11%) to Rs.44.70 followed by Titan Industries increased by (1.28%) to Rs.1,210.
BSE Metal index grew by 90.73 points or (0.71%) at 12,870.45. The top gainers are Jindal Saw grew by (2.46%) to Rs.579.90, Sterlite Industries inclined by (1.65%) to Rs.671, SAIL increased by (1.56%) to Rs.173 followed by Nalco up by (1.25%) to Rs.323.50.
Sterlite Industries is trading higher by (1.72%) at Rs. 670.30 amid reports that the government is planning to sell its 49% stake in Bharat Aluminium Company (Balco) to Sterlite Industries at around Rs.2000 crore. Sterlite Industries had earlier bought 51% stake in Balco in 2001.
HDFC, the country’s largest home loan financer has reduced the interest rate by 50 basis points on loan amount ranging between Rs.30-50 lakh. After this cut, the new rate will carry 9% per annum down from 9.5% earlier. However, the stock is now trading down by (1.20%) at Rs. 2,334.75.
The BSE Sensex is now trading below the 15500 mark and the NSE Nifty below the 4600 mark in the early trade.
At 10.32 IST, the BSE Sensex is trading down by 71.46 points or (0.46%) at 15,447.03 and the NSE Nifty is trading lower by 21.50 points or (0.47%) at 4,583.50.
The BSE Mid Cap is trading lower by 9.26 points at 5,599.63 while the BSE Small Cap grew by 20.69 points or (0.32%) to 6,407.74.
ONGC reported the top gainer from the BSE Sensex pack, as it is trading up by (3.33%) at Rs.1,203.15 while Jai Prakash Associate reported the top loser trading down by (2.21%) at Rs. 219.35.
The Overall market breadth is positive as 965 stocks are advancing while 831 stocks are declining and the 59 stocks remained unchanged on BSE.
The US stocks markets closed higher on Thursday, on strong performance by Wal-Mart. In addition, investors applauded an encouraging business-inventories report, which indicated that the recession might be winding down. Wal-Mart beats Street expectations and reported better-than-expected earnings along with solid outlook. Upward movement was also contributed by the news that the German and French economies both exceeded expectations by posting second quarter growth of 0.3%. The Dow Jones Industrial Average (DJIA) ended up by 36.58 points at 9,398.19, NASDAQ index inclined by 10.63 points to 2009.35 and the S&P 500 (SPX) closed higher by 6.92 points at 1,012.73.
Asian markets were trading mixed today as the Nikkei 225, Straits Times and Seoul Composite index are trading up by (0.79%), (0.24%) and (1.27%) respectively. Whiel Hang Seng index is trading down by (0.79%).
BSE Consumer Durable index advanced by 23.88 points or (0.78%) at 3,091.31. The top gainers are Gitanjali Gems grew by (3.78%) to Rs.112.50, Rajesh Export inclined by (3.11%) to Rs.44.70 followed by Titan Industries increased by (1.28%) to Rs.1,210.
BSE Metal index grew by 90.73 points or (0.71%) at 12,870.45. The top gainers are Jindal Saw grew by (2.46%) to Rs.579.90, Sterlite Industries inclined by (1.65%) to Rs.671, SAIL increased by (1.56%) to Rs.173 followed by Nalco up by (1.25%) to Rs.323.50.
Sterlite Industries is trading higher by (1.72%) at Rs. 670.30 amid reports that the government is planning to sell its 49% stake in Bharat Aluminium Company (Balco) to Sterlite Industries at around Rs.2000 crore. Sterlite Industries had earlier bought 51% stake in Balco in 2001.
HDFC, the country’s largest home loan financer has reduced the interest rate by 50 basis points on loan amount ranging between Rs.30-50 lakh. After this cut, the new rate will carry 9% per annum down from 9.5% earlier. However, the stock is now trading down by (1.20%) at Rs. 2,334.75.
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