The indian stock market after opening lower, regained strength on bargain hunting with traders buying out in Realty, Capital Goods and Metals stocks despite heavy losses in Chinese equities, which turned lower amid fears that the summer rally could have over heaped the index too far, too fast. Meanwhile, the monsoon situation remains fragile with the country heading into the worst drought year over the last two decades.
On the sectoral front, all indices inclined. Oil exploration stocks gained as crude oil rose, as the dollar''s decline spurred investors to purchase commodities as an alternative investment. Realty and Bank stocks advanced on bargain hunting after being hammered in recent past.
The Market breadth, indicating the overall strength of the market, was strong On BSE, out of 2,532 stocks traded so far, 1,714 shares advanced while 737 shares declined. Nearly 81 shares are unchanged.
At 1.22PM, the BSE Sensex is trading higher by 289.35 points at 15,074.27 whereas NSE Nifty is up by 82.95 points at 4,470.85.
The BSE Mid Cap is trading higher by 110.51 points at 5,496.03 and Small cap is trading up by 127.80 points at 6,339.51.
Major gainers from the BSE Sensex pack are Hindalco Industries Ltd by 5.59% to Rs. 105.85 along with, Jaiprakash Associates Ltd surged 4.00% to Rs. 210.85, DLF Ltd by 3.92% to Rs. 378.70, Larsen & Toubro Ltd by 3.80% to Rs. 1,465.55, Tata Steel Ltd by 3.78% to Rs. 454.25, HDFC Bank Ltd by 2.97% to Rs. 1,449.00, Hindustan Uniliver Ltd by 2.93% to Rs. 256.75, Maruti Suzuki India Ltd by 2.86% to Rs. 1,313.00, Housing Development Finance Co by 2.78% to Rs. 2,314.80, Reliance Communication Ltd by 2.65% to Rs. 251.95, Mahindra & Mahindra Ltd by 2.52% to Rs. 765.60, Wipro Ltd by 2.44% to Rs. 508.50 and Bharti Airtel Ltd by 2.44% to Rs. 408.90.
Major losers from the BSE Sensex Pack are TCS Ltd plunged 0.61% to Rs. 507.6 and Infosys Technologies Ltd by 0.25% to Rs. 1,978.10.
The BSE Realty is higher by 133.21 points or 3.64% at 3,795.91. Stocks inclined include Phoenix Mills Ltd 5.33% to Rs. 131.50, Indiabulls Realty 4.96% to Rs. 229.50, Ansal Infrastructure Ltd by 4.39% to Rs. 61.85, Housing Development by 4.33% to Rs. 279.80, Penland Ltd 4.22% to Rs. 79.00, DLF Ltd 3.92% to Rs. 378.70, Anant Raj by 3.22% to Rs. 134.50 and Sobha Developers Ltd 3.08% to Rs. 209.45 among others.
Nava Bharat Ventures Ltd spurted 7.17% to Rs. 372.40 after the Reserve Bank of India raised the foreign portfolio investment limit in the company to 40%.
Numeric Power Systems Ltd gusted by 19.99% to Rs. 446.20 after it said its board will meet on 22 August 2009 to consider issue of bonus shares.
MVL Ltd improved 2.40% to Rs. 160.10 after its board approved splitting one share of face value Rs. 10 into five shares of face value Rs. 2 each.
Everonn Systems India Ltd gained 1.42% to Rs. 354.25 after a block deal of 2.94 lakh shares was executed on NSE at Rs. 353 per share.
Kiri Dyes & Chemicals Ltd spurted 5.98% to Rs. 410.25 after the company said it is looking for an overseas acquisition.
On the sectoral front, all indices inclined. Oil exploration stocks gained as crude oil rose, as the dollar''s decline spurred investors to purchase commodities as an alternative investment. Realty and Bank stocks advanced on bargain hunting after being hammered in recent past.
The Market breadth, indicating the overall strength of the market, was strong On BSE, out of 2,532 stocks traded so far, 1,714 shares advanced while 737 shares declined. Nearly 81 shares are unchanged.
At 1.22PM, the BSE Sensex is trading higher by 289.35 points at 15,074.27 whereas NSE Nifty is up by 82.95 points at 4,470.85.
The BSE Mid Cap is trading higher by 110.51 points at 5,496.03 and Small cap is trading up by 127.80 points at 6,339.51.
Major gainers from the BSE Sensex pack are Hindalco Industries Ltd by 5.59% to Rs. 105.85 along with, Jaiprakash Associates Ltd surged 4.00% to Rs. 210.85, DLF Ltd by 3.92% to Rs. 378.70, Larsen & Toubro Ltd by 3.80% to Rs. 1,465.55, Tata Steel Ltd by 3.78% to Rs. 454.25, HDFC Bank Ltd by 2.97% to Rs. 1,449.00, Hindustan Uniliver Ltd by 2.93% to Rs. 256.75, Maruti Suzuki India Ltd by 2.86% to Rs. 1,313.00, Housing Development Finance Co by 2.78% to Rs. 2,314.80, Reliance Communication Ltd by 2.65% to Rs. 251.95, Mahindra & Mahindra Ltd by 2.52% to Rs. 765.60, Wipro Ltd by 2.44% to Rs. 508.50 and Bharti Airtel Ltd by 2.44% to Rs. 408.90.
Major losers from the BSE Sensex Pack are TCS Ltd plunged 0.61% to Rs. 507.6 and Infosys Technologies Ltd by 0.25% to Rs. 1,978.10.
The BSE Realty is higher by 133.21 points or 3.64% at 3,795.91. Stocks inclined include Phoenix Mills Ltd 5.33% to Rs. 131.50, Indiabulls Realty 4.96% to Rs. 229.50, Ansal Infrastructure Ltd by 4.39% to Rs. 61.85, Housing Development by 4.33% to Rs. 279.80, Penland Ltd 4.22% to Rs. 79.00, DLF Ltd 3.92% to Rs. 378.70, Anant Raj by 3.22% to Rs. 134.50 and Sobha Developers Ltd 3.08% to Rs. 209.45 among others.
Nava Bharat Ventures Ltd spurted 7.17% to Rs. 372.40 after the Reserve Bank of India raised the foreign portfolio investment limit in the company to 40%.
Numeric Power Systems Ltd gusted by 19.99% to Rs. 446.20 after it said its board will meet on 22 August 2009 to consider issue of bonus shares.
MVL Ltd improved 2.40% to Rs. 160.10 after its board approved splitting one share of face value Rs. 10 into five shares of face value Rs. 2 each.
Everonn Systems India Ltd gained 1.42% to Rs. 354.25 after a block deal of 2.94 lakh shares was executed on NSE at Rs. 353 per share.
Kiri Dyes & Chemicals Ltd spurted 5.98% to Rs. 410.25 after the company said it is looking for an overseas acquisition.
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