DateDec-10-2008 10:40
The markets today maintained its yesterday’s rally and open significantly higher on the back of positive Asian markets. All the sectorial indices are trading in green in the opening trade. The significant buying is seen among the Metal, Realty, Oil & Gas, Power, IT and Capital Goods stocks. The BSE Mid Cap and the Small Cap are also trading higher.The BSE Sensex is now trading above the 9,300 mark and the NSE Nifty is trading above the 2,800 mark.The Asian markets are also trading higher barring Shanghai. Seoul Composite, Hang Seng, Nikkei and Straits Times index are trading higher by (4.13%), (3.56%), (2.99%) and (1.38%) respectively. However, Shanghai Composite index is trading lower by (1.16%).The US stock market on Tuesday ended lower, on the back of some downside earnings guidance from some corporate. Earlier the market was traded in the positive territory following a better-than-expected housing report. The Dow Jones Industrial Average (DJIA) dropped by 242.85 points to close at 8,691.33. The NASDAQ Composite (RIXF) index decreased by 24.40 points to close at 1,547.34 and the S&P 500 (SPX) fell 21.03 points to close at 888.67.Sterlite Industries reported a top gainer among the BSE Sensex pack up by (6.18%) at Rs. 265.50 while Tata Motors the top loser down by (2.11%) at Rs. 148.80.The overall market breadth remains positive as 729 stocks are advancing while 445 stocks are declining on BSE.At 10.33AM, the BSE Sensex was up by 170.10 points at 9,332.72 and the Nifty was up by 58.95 points to 2,842.95.The BSE Mid Cap increased by 17.05 points to 2,902.08 and the BSE Small Cap advanced by 16.55 points to 3,359.75.BSE IT index is trading higher by 59.22 points or (2.48%) to trade at 2,445.20. The top gainers are Infosys Technologies increased by (2.31%) to Rs.1,184, HCL Technologies up by (1.97%) to Rs.119, TCS inclined by (1.84%) to Rs.532 followed by Wipro grew by (2.87%) to Rs. 245.15.BSE Metal index is trading higher by 142.17 points or (2.97%) to trade at 4,923.39. The major gainers are Sterlite Industries inclined by (6.18%) to Rs. 265.50, SAIL up by (5.31%) to Rs.72.45, Sesa Goa increased by (3.73%) to Rs.76.40 followed by JSW Steel grew (3.43%) to Rs.229.25.
The markets today maintained its yesterday’s rally and open significantly higher on the back of positive Asian markets. All the sectorial indices are trading in green in the opening trade. The significant buying is seen among the Metal, Realty, Oil & Gas, Power, IT and Capital Goods stocks. The BSE Mid Cap and the Small Cap are also trading higher.The BSE Sensex is now trading above the 9,300 mark and the NSE Nifty is trading above the 2,800 mark.The Asian markets are also trading higher barring Shanghai. Seoul Composite, Hang Seng, Nikkei and Straits Times index are trading higher by (4.13%), (3.56%), (2.99%) and (1.38%) respectively. However, Shanghai Composite index is trading lower by (1.16%).The US stock market on Tuesday ended lower, on the back of some downside earnings guidance from some corporate. Earlier the market was traded in the positive territory following a better-than-expected housing report. The Dow Jones Industrial Average (DJIA) dropped by 242.85 points to close at 8,691.33. The NASDAQ Composite (RIXF) index decreased by 24.40 points to close at 1,547.34 and the S&P 500 (SPX) fell 21.03 points to close at 888.67.Sterlite Industries reported a top gainer among the BSE Sensex pack up by (6.18%) at Rs. 265.50 while Tata Motors the top loser down by (2.11%) at Rs. 148.80.The overall market breadth remains positive as 729 stocks are advancing while 445 stocks are declining on BSE.At 10.33AM, the BSE Sensex was up by 170.10 points at 9,332.72 and the Nifty was up by 58.95 points to 2,842.95.The BSE Mid Cap increased by 17.05 points to 2,902.08 and the BSE Small Cap advanced by 16.55 points to 3,359.75.BSE IT index is trading higher by 59.22 points or (2.48%) to trade at 2,445.20. The top gainers are Infosys Technologies increased by (2.31%) to Rs.1,184, HCL Technologies up by (1.97%) to Rs.119, TCS inclined by (1.84%) to Rs.532 followed by Wipro grew by (2.87%) to Rs. 245.15.BSE Metal index is trading higher by 142.17 points or (2.97%) to trade at 4,923.39. The major gainers are Sterlite Industries inclined by (6.18%) to Rs. 265.50, SAIL up by (5.31%) to Rs.72.45, Sesa Goa increased by (3.73%) to Rs.76.40 followed by JSW Steel grew (3.43%) to Rs.229.25.
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