 "Nifty holds 8,050 mark; Cipla, Bharti Airtel top gainers")
Benchmark indices continue to hold on to their gains led by pharma and auto shares.
By 10:25, the Sensex was higher by 51 points at 26,918 mark and the Nifty gained by 22 points at 8,050 levels.
Markets have touched fresh record highs in opening trade, with Sensex opening near 27,000 mark after current account deficit narrowed sharply to 1.7% of GDP in the Apr-June quarter of 2014-15 compared to 4.8% of GDP in the same quarter of 2013-14.
On the sectoral front, BSE Healthcare index has surged by nearly 2% followed by counters like Realty, Auto, Banks, Consumer Durables and Oil & Gas, all gaining between 0.1-1%. However, BSE Capital Goods index has declined by nearly 1%.
The main gainers on the Sensex are Cipla, Bharti Airtel, Sun Pharma, Bajaj Auto and Axis Bank, all gaining between 1-7%.
Bharti Airtel has moved higher by 4% to Rs 392, extending its previous day’s nearly 2% gain on NSE, after the company said it signs agreement to acquire its over 2.7 million subscribers of yuMobile. The stock is trading at its highest level since February 2012.
On the losing side, Infosys, L&T, HUL, ONGC and Wipro have declined between 0.8-1.1%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Small indices have gained by nearly 1% each.
The market breadth in BSE remains firm with 1,409 shares advancing and 747 shares declining.
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Updated at 9:30
Markets touched fresh record highs in opening trade, with Sensex opening near 27,000 mark after current account deficit narrowed sharply to 1.7% of GDP in the Apr-June quarter of 2014-15 compared to 4.8% of GDP in the same quarter of 2013-14.
Further, the government's request to the apex court not to cancel the permits for 46 coal blocks also boosted sentiment.
By 9:30, the Sensex was higher by 77 points at 26,944 mark and the Nifty gained by 25 points at 8,052 levels.
In line with estimates, India’s current account deficit (CAD) for this financial year’s first quarter, April to June, narrowed sharply to 1.7% of gross domestic product ($7.8 billion) from 4.8% of GDP ($21.8 bn) in the corresponding period of 2013-14.
The fall was aided by contraction in the trade deficit, on a rise in export and dip in import. The CAD for the fourth quarter (January-March) of 2013-14 was $1.2 bn (0.2% of GDP), it was also announced.
Indices ended at record closing highs yesterday with the Nifty breaching the psychological 8,000 level for the first time after better-than-expected first quarter GDP data fuelled a rally led by capital goods and bank shares.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 554.14 crore on Monday, as per provisional data from the stock exchanges.
The rupee is trading at 60.65 per dollar vs previous close of 60.5250/5350.
ASIAN MARKETS
Asian shares drifted lower on Tuesday, with momentum from prior gains fading as investors were left short of cues with the US markets closed on Monday, while the euro continued to probe one-year lows in the uncertainty over the European Central Bank's policy decision later this week.
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2%. The index managed to carve out gains on Monday, brushing aside the Ukraine crisis and a downbeat China manufacturing survey.
Tokyo's Nikkei edged up 0.4%, lifted by a weaker yen.
SECTORS & STOCKS
BSE Healthcare index has surged by nearly 1% followed by counters like Auto, Banks, Consumer Durables, FMCG and Realty, all gaining marginally. However, BSE IT index has declined by over 0.5%.
The main gainers on the Sensex are Cipla, Bharti Airtel, Hero Moto, Maruti Suzuki, Sun Pharma, Tata Power, HDFC, Bajaj Auto and Axis Bank.
Cipla has launched an anti-asthma inhaler in Germany and Sweden that is a generic version of GlaxoSmithKline Plc's Advair, a move that will further dent sales of the British firm's top-selling product. The stock is the top Sensex gainer, up nearly 8%.
Hero MotoCorp reported 21.43% jump in its total sales at 5,58,609 units in August 2014.
Meanwhile, Tata Motors today reported 17.59% decline in total sales at 40,883 units in August, 2014 as against 49,611 units in the same month last year.
On the losing side, Wipro, HUL, Infosys, ONGC and GAIL have declined by nearly 1% each.
By 10:25, the Sensex was higher by 51 points at 26,918 mark and the Nifty gained by 22 points at 8,050 levels.
Markets have touched fresh record highs in opening trade, with Sensex opening near 27,000 mark after current account deficit narrowed sharply to 1.7% of GDP in the Apr-June quarter of 2014-15 compared to 4.8% of GDP in the same quarter of 2013-14.
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Further, the government's request to the apex court not to cancel the permits for 46 coal blocks also boosted sentiment.
On the sectoral front, BSE Healthcare index has surged by nearly 2% followed by counters like Realty, Auto, Banks, Consumer Durables and Oil & Gas, all gaining between 0.1-1%. However, BSE Capital Goods index has declined by nearly 1%.
The main gainers on the Sensex are Cipla, Bharti Airtel, Sun Pharma, Bajaj Auto and Axis Bank, all gaining between 1-7%.
Bharti Airtel has moved higher by 4% to Rs 392, extending its previous day’s nearly 2% gain on NSE, after the company said it signs agreement to acquire its over 2.7 million subscribers of yuMobile. The stock is trading at its highest level since February 2012.
On the losing side, Infosys, L&T, HUL, ONGC and Wipro have declined between 0.8-1.1%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Small indices have gained by nearly 1% each.
The market breadth in BSE remains firm with 1,409 shares advancing and 747 shares declining.
***********************************
Updated at 9:30
Markets touched fresh record highs in opening trade, with Sensex opening near 27,000 mark after current account deficit narrowed sharply to 1.7% of GDP in the Apr-June quarter of 2014-15 compared to 4.8% of GDP in the same quarter of 2013-14.
Further, the government's request to the apex court not to cancel the permits for 46 coal blocks also boosted sentiment.
By 9:30, the Sensex was higher by 77 points at 26,944 mark and the Nifty gained by 25 points at 8,052 levels.
In line with estimates, India’s current account deficit (CAD) for this financial year’s first quarter, April to June, narrowed sharply to 1.7% of gross domestic product ($7.8 billion) from 4.8% of GDP ($21.8 bn) in the corresponding period of 2013-14.
The fall was aided by contraction in the trade deficit, on a rise in export and dip in import. The CAD for the fourth quarter (January-March) of 2013-14 was $1.2 bn (0.2% of GDP), it was also announced.
Indices ended at record closing highs yesterday with the Nifty breaching the psychological 8,000 level for the first time after better-than-expected first quarter GDP data fuelled a rally led by capital goods and bank shares.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 554.14 crore on Monday, as per provisional data from the stock exchanges.
The rupee is trading at 60.65 per dollar vs previous close of 60.5250/5350.
ASIAN MARKETS
Asian shares drifted lower on Tuesday, with momentum from prior gains fading as investors were left short of cues with the US markets closed on Monday, while the euro continued to probe one-year lows in the uncertainty over the European Central Bank's policy decision later this week.
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2%. The index managed to carve out gains on Monday, brushing aside the Ukraine crisis and a downbeat China manufacturing survey.
Tokyo's Nikkei edged up 0.4%, lifted by a weaker yen.
SECTORS & STOCKS
BSE Healthcare index has surged by nearly 1% followed by counters like Auto, Banks, Consumer Durables, FMCG and Realty, all gaining marginally. However, BSE IT index has declined by over 0.5%.
The main gainers on the Sensex are Cipla, Bharti Airtel, Hero Moto, Maruti Suzuki, Sun Pharma, Tata Power, HDFC, Bajaj Auto and Axis Bank.
Cipla has launched an anti-asthma inhaler in Germany and Sweden that is a generic version of GlaxoSmithKline Plc's Advair, a move that will further dent sales of the British firm's top-selling product. The stock is the top Sensex gainer, up nearly 8%.
Hero MotoCorp reported 21.43% jump in its total sales at 5,58,609 units in August 2014.
Meanwhile, Tata Motors today reported 17.59% decline in total sales at 40,883 units in August, 2014 as against 49,611 units in the same month last year.
On the losing side, Wipro, HUL, Infosys, ONGC and GAIL have declined by nearly 1% each.