 "Markets extend gains; Cap goods, banks among the top gainers")
Markets gained in the noon deals with the Sensex up 54 points at 20,754 and the Nifty added 13 points to trade at 6,168. The gains were led by L&T, Axis Bank, HDFC and ITC.
Broader markets outperformed the benchmark indices with the mid and smallcap indices adding 0.4% each.
The Rupee was trading at 62.10 per dollar against the previous close of 62.13
Capital Goods index up 2% was the top gainer. Auto and Health Care indices up 0.9% each were the other major gainers. Banking index was up 0.6%.
Tata Power up 5% after the Central Electricity Regulatory Commission (CERC) has decided the methodology for determination of compensatory tariff for Mundra power projects. The stock was the top gainer among the Sensex-30.
Axis Bank, L&T, BHEL and Gail India up 2-3% were the other major gainers.
Mahindra & Mahindra, Dr Reddys Lab, Cal India and Hero MotoCorp added 1-1.5%.
Among the losers were NTPC which plunged over 10% after the Central Electricity Regulatory Commission (CERC) allowed higher tariff as well as compensation of Rs 329 crore for Tata Power's 4,000-MW Mundra project in Gujarat.
Tata Steel, TCS and Reliance Industries down 0.5-2% were the other notable losers.
The market breadth was positive on the BSE. 1165 stocks advanced while 1140 stocks declined.
Global Markets
Asian stocks dropped on Monday, rekindling safe-haven demand for the yen, as plunging property stocks took a toll on China and investors continued to fret about the impact of the U.S. Federal Reserve's stimulus withdrawal.
MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.6 percent, while Japan's Nikkei stock average ended down 0.2 percent, erasing its morning gains though pulling off its session lows.
China shares sank to a two-week low, dragging Hong Kong markets down, as property and banking counters slipped on mainland news reports that stoked fears banks have stopped extending loans to property-related companies.
Broader markets outperformed the benchmark indices with the mid and smallcap indices adding 0.4% each.
The Rupee was trading at 62.10 per dollar against the previous close of 62.13
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On the sectoral front, Power index slipped over 1.5% along with Consumer Durables and IT indices down 0.5-0.6%.
Capital Goods index up 2% was the top gainer. Auto and Health Care indices up 0.9% each were the other major gainers. Banking index was up 0.6%.
Tata Power up 5% after the Central Electricity Regulatory Commission (CERC) has decided the methodology for determination of compensatory tariff for Mundra power projects. The stock was the top gainer among the Sensex-30.
Axis Bank, L&T, BHEL and Gail India up 2-3% were the other major gainers.
Mahindra & Mahindra, Dr Reddys Lab, Cal India and Hero MotoCorp added 1-1.5%.
Among the losers were NTPC which plunged over 10% after the Central Electricity Regulatory Commission (CERC) allowed higher tariff as well as compensation of Rs 329 crore for Tata Power's 4,000-MW Mundra project in Gujarat.
Tata Steel, TCS and Reliance Industries down 0.5-2% were the other notable losers.
The market breadth was positive on the BSE. 1165 stocks advanced while 1140 stocks declined.
Global Markets
Asian stocks dropped on Monday, rekindling safe-haven demand for the yen, as plunging property stocks took a toll on China and investors continued to fret about the impact of the U.S. Federal Reserve's stimulus withdrawal.
MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.6 percent, while Japan's Nikkei stock average ended down 0.2 percent, erasing its morning gains though pulling off its session lows.
China shares sank to a two-week low, dragging Hong Kong markets down, as property and banking counters slipped on mainland news reports that stoked fears banks have stopped extending loans to property-related companies.