Markets opened higher, NSE Nifty closer to 5000 mark
Date : Sep-17-2009 10:39
The markets opened higher today amid positive cues from the global markets with the NSE Nifty inching closer to the 5000 mark. The broader market indices also gained momentum in the early trade as both the BSE Mid Cap and the BSE Small Cap indices are now trading with a gain of around 0.5% each. Almost all the sectorial indices are now trading in green in the opening trade mainly led by the Consumer Durables, Banking, IT and Capital Goods stocks. While the oil & gas index is now trading with a cut of around 1.5%.
At 10.32 IST, the BSE Sensex is trading higher by 78.70 points or (0.47%) at 16,755.74 and the NSE Nifty is trading higher by 27.25 points or (0.55%) at 4,985.65.
The BSE Mid Cap is trading higher by 25.15 points or (0.41%) at 6,152.07 and the BSE Small Cap grew by 38.31 points or (0.52%) to 7,346.42.
ACC reported the top gainer from the BSE Sensex pack, as it is trading up by (2.65%) at Rs.820 while Reliance Industries reported the top loser trading down by (2.65%) at Rs.2,125.55.
The Overall market breadth is positive as 1191 stocks are advancing while 889 stocks are declining and the 81 stocks remained unchanged on BSE.
The Asian markets are trading higher today as Hang Seng, Shanghai Composite, Nikkei 225, Straits Times and Seoul Composite index are trading up by (1.82%), (1.48%), (0.97%), (0.15%) and (0.36%) respectively.
US markets closed with handsome gains on Wednesday, on the back of strong economic data and firm cues from markets all over the world. Stocks rallied after industrial production increased for second straight month. Industrial production increased 0.8% in August, which is better than expected. In addition weakness in dollar boosted industrial and commodity stocks. The CRB Commodity Index advance 1.8%. The Dow Jones Industrial Average (DJIA) advanced by 108.3 points at 9,791.71. Going ahead, NASDAQ index ended higher by 30.51 points to 2,133.15 and the S&P 500 (SPX) closed up by 16.13 points at 1,068.76.
BSE REALTY index was at 4,465.37 up by 8.30 points or by (0.19%). The main gainers were Ansal Infras up by (2.99%) at Rs.77.4, Sobha Dev up by (2.39%) at Rs.251.1, Anant Raj Ind. up by (1.75%) at Rs.145.7, Housing Dev up by (1.73%) at Rs.332.75, Orbitco up by (0.95%) at Rs.180.
BSE METAL index was at 14,537.00 up by 9.33 points or by (0.06%). The main gainers were Jindal Saw up by (2.2%) at Rs.704.3, Welspun Gujarat up by (1.6%) at Rs.263.9, Sterlite Ind. up by (1.15%) at Rs.779.95, Hindalco Ind. up by (0.91%) at Rs.132.5, Nalco up by (0.5%) at Rs.349.5.
Unitech Wireless is all set to enter into the much crowded India’s telecom sector by this year end. The company is readying the nationwide rollout of its services under ‘UniNor’ brand. It is targeting a Pan-India market share of 8%. In Unitech Wireless, Telenor holds a 49% stake.
Bharti Shipyard has raised its stake in Great Offshore to 22.5% by picking up 3% shares from the market. The company has reportedly acquired these shares at an average price of Rs558.80 per share, the highest price being Rs560. With this, the company’s offer price for Great Offshore has gone up to Rs560. Bharati Shipyard shares are now trading higher by around 7%.
Date : Sep-17-2009 10:39
The markets opened higher today amid positive cues from the global markets with the NSE Nifty inching closer to the 5000 mark. The broader market indices also gained momentum in the early trade as both the BSE Mid Cap and the BSE Small Cap indices are now trading with a gain of around 0.5% each. Almost all the sectorial indices are now trading in green in the opening trade mainly led by the Consumer Durables, Banking, IT and Capital Goods stocks. While the oil & gas index is now trading with a cut of around 1.5%.
At 10.32 IST, the BSE Sensex is trading higher by 78.70 points or (0.47%) at 16,755.74 and the NSE Nifty is trading higher by 27.25 points or (0.55%) at 4,985.65.
The BSE Mid Cap is trading higher by 25.15 points or (0.41%) at 6,152.07 and the BSE Small Cap grew by 38.31 points or (0.52%) to 7,346.42.
ACC reported the top gainer from the BSE Sensex pack, as it is trading up by (2.65%) at Rs.820 while Reliance Industries reported the top loser trading down by (2.65%) at Rs.2,125.55.
The Overall market breadth is positive as 1191 stocks are advancing while 889 stocks are declining and the 81 stocks remained unchanged on BSE.
The Asian markets are trading higher today as Hang Seng, Shanghai Composite, Nikkei 225, Straits Times and Seoul Composite index are trading up by (1.82%), (1.48%), (0.97%), (0.15%) and (0.36%) respectively.
US markets closed with handsome gains on Wednesday, on the back of strong economic data and firm cues from markets all over the world. Stocks rallied after industrial production increased for second straight month. Industrial production increased 0.8% in August, which is better than expected. In addition weakness in dollar boosted industrial and commodity stocks. The CRB Commodity Index advance 1.8%. The Dow Jones Industrial Average (DJIA) advanced by 108.3 points at 9,791.71. Going ahead, NASDAQ index ended higher by 30.51 points to 2,133.15 and the S&P 500 (SPX) closed up by 16.13 points at 1,068.76.
BSE REALTY index was at 4,465.37 up by 8.30 points or by (0.19%). The main gainers were Ansal Infras up by (2.99%) at Rs.77.4, Sobha Dev up by (2.39%) at Rs.251.1, Anant Raj Ind. up by (1.75%) at Rs.145.7, Housing Dev up by (1.73%) at Rs.332.75, Orbitco up by (0.95%) at Rs.180.
BSE METAL index was at 14,537.00 up by 9.33 points or by (0.06%). The main gainers were Jindal Saw up by (2.2%) at Rs.704.3, Welspun Gujarat up by (1.6%) at Rs.263.9, Sterlite Ind. up by (1.15%) at Rs.779.95, Hindalco Ind. up by (0.91%) at Rs.132.5, Nalco up by (0.5%) at Rs.349.5.
Unitech Wireless is all set to enter into the much crowded India’s telecom sector by this year end. The company is readying the nationwide rollout of its services under ‘UniNor’ brand. It is targeting a Pan-India market share of 8%. In Unitech Wireless, Telenor holds a 49% stake.
Bharti Shipyard has raised its stake in Great Offshore to 22.5% by picking up 3% shares from the market. The company has reportedly acquired these shares at an average price of Rs558.80 per share, the highest price being Rs560. With this, the company’s offer price for Great Offshore has gone up to Rs560. Bharati Shipyard shares are now trading higher by around 7%.
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