The stock markets today opened sharply higher tracking optimistic cues from the US markets after Fed reassured of improved outlook for the economy. Further the markets also got a boost amid news of a new direct tax code unveiled by the government after the market hours yesterday. All the sectorial indices are trading in green in the opening trade. The Realty, Metal, Banking and FMCG stocks are fronting the rally today. The broader market indices also supporting the markets today and have outperformed the sectorial index in the opening trade as both the BSE Mid Cap and the BSE Small Cap indices are now trading with again of more than 2% each.
The BSE Sensex is now trading above the 15250 mark and the NSE Nifty above the 4500 mark in the early trade.
At 10.32 IST, the BSE Sensex is trading up by 241.65 points or (1.61%) at 15,261.81 and the NSE Nifty is trading higher by 74.60 points or (1.67%) at 4,532.10.
The BSE Mid Cap is trading higher by 108.74 points at 5,523.27 and the BSE Small Cap grew by 154.51 points or (2.52%) to 6,289.44.
ICICI Bank reported the top gainer from the BSE Sensex pack, as it is trading up by (3.81%) at Rs.737.65 followed by Sterlite Industries up by (3.81%) at Rs.737.65.
The Overall market breadth is positive as 1515 stocks are advancing while 319 stocks are declining and the 46 stocks remained unchanged on BSE.
The US stocks markets closed higher on Wednesday, backed by improved outlook from the Fed and a cheering housing report. The Federal Reserve kept its benchmark short-term interest rates steady near zero as expected and said it would likely stay there for an extended period. The existing home sales increased 3.8%. However, mortgage applications fell 3.5%. The Dow Jones Industrial Average (DJIA) ended up by 120.16 points at 9,361.61, NASDAQ index inclined by 28.99 points to 1,998.72 and the S&P 500 (SPX) closed higher by 11.46 points at 1,005.81.
Asian markets were trading higher today as the Hang Seng, Nikkei 225, Straits Times and Seoul Composite index are trading up by (1.96%), (0.98%), (1.56%) and (0.89%) respectively.
BSE Realty index advanced by 129.01 points or (3.42%) at 3,901.60. The top gainers are Unitech Ltd. grew by (4.70%) to Rs.92.50, DLF Ltd. inclined by (3.36%) to Rs.385.65, HDIL up by (3.30%) to Rs.286.05 followed by Omaxe Ltd. increased by (3.05%) to Rs.103.
BSE Metal index grew by 330.22 points or (2.73%) at 12,435.31. The top gainers are Jai Corp grew by (4.98%) to Rs.220.20, Nalco inclined by (4.54%) to Rs.321.50, JSW Steel increased by (3.86%) to Rs.701.20 followed by Sterlite Industries up by (3.83%) to Rs.647.75.
L&T has signed a Rs 4,000-crore agreement to supply power equipment to Jaypee Group-promoted Jaiprakaskh Power Venture (JPVL). Under the agreement, L&T will supply boiler and steam turbine generator to a thermal power project in Nigrie, Madhya Pradesh. L&T is trading higher by (2.41%) at Rs. 1,456.35.
BHEL and Maharashtra energy utility Mahagenco has inked an MoU to set up a joint venture company which will construct a coal-fired 1,320 MW thermal power plant at Latur. The plan also envisages an alternative arrangement of setting up 1,500 MW gas-based power unit in the absence of an adequate coal linkage. The plan entails an investment of Rs 7,000-7,500 crore in the project. BHEl is now trading up by (1.71%) at Rs. 2,196.05.
The BSE Sensex is now trading above the 15250 mark and the NSE Nifty above the 4500 mark in the early trade.
At 10.32 IST, the BSE Sensex is trading up by 241.65 points or (1.61%) at 15,261.81 and the NSE Nifty is trading higher by 74.60 points or (1.67%) at 4,532.10.
The BSE Mid Cap is trading higher by 108.74 points at 5,523.27 and the BSE Small Cap grew by 154.51 points or (2.52%) to 6,289.44.
ICICI Bank reported the top gainer from the BSE Sensex pack, as it is trading up by (3.81%) at Rs.737.65 followed by Sterlite Industries up by (3.81%) at Rs.737.65.
The Overall market breadth is positive as 1515 stocks are advancing while 319 stocks are declining and the 46 stocks remained unchanged on BSE.
The US stocks markets closed higher on Wednesday, backed by improved outlook from the Fed and a cheering housing report. The Federal Reserve kept its benchmark short-term interest rates steady near zero as expected and said it would likely stay there for an extended period. The existing home sales increased 3.8%. However, mortgage applications fell 3.5%. The Dow Jones Industrial Average (DJIA) ended up by 120.16 points at 9,361.61, NASDAQ index inclined by 28.99 points to 1,998.72 and the S&P 500 (SPX) closed higher by 11.46 points at 1,005.81.
Asian markets were trading higher today as the Hang Seng, Nikkei 225, Straits Times and Seoul Composite index are trading up by (1.96%), (0.98%), (1.56%) and (0.89%) respectively.
BSE Realty index advanced by 129.01 points or (3.42%) at 3,901.60. The top gainers are Unitech Ltd. grew by (4.70%) to Rs.92.50, DLF Ltd. inclined by (3.36%) to Rs.385.65, HDIL up by (3.30%) to Rs.286.05 followed by Omaxe Ltd. increased by (3.05%) to Rs.103.
BSE Metal index grew by 330.22 points or (2.73%) at 12,435.31. The top gainers are Jai Corp grew by (4.98%) to Rs.220.20, Nalco inclined by (4.54%) to Rs.321.50, JSW Steel increased by (3.86%) to Rs.701.20 followed by Sterlite Industries up by (3.83%) to Rs.647.75.
L&T has signed a Rs 4,000-crore agreement to supply power equipment to Jaypee Group-promoted Jaiprakaskh Power Venture (JPVL). Under the agreement, L&T will supply boiler and steam turbine generator to a thermal power project in Nigrie, Madhya Pradesh. L&T is trading higher by (2.41%) at Rs. 1,456.35.
BHEL and Maharashtra energy utility Mahagenco has inked an MoU to set up a joint venture company which will construct a coal-fired 1,320 MW thermal power plant at Latur. The plan also envisages an alternative arrangement of setting up 1,500 MW gas-based power unit in the absence of an adequate coal linkage. The plan entails an investment of Rs 7,000-7,500 crore in the project. BHEl is now trading up by (1.71%) at Rs. 2,196.05.
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