 "Markets recover after a flat start on Fed optimism")
Markets recovered after a flat start led by buying in rate-sensitives and index heavyweights.
At 9:20AM, the Bombay Stock Exchange's 30-share index Sensex rose 52 points at 19,665 while the National Stock Exchange's 50-share was up 17 points at 5,956.
Global risk appetite was positive after U.S. manufacturing unexpectedly contracted in May, dimming speculation that the Federal Reserve will reduce stimulus.
Back home, metal, oil & gas, PSU, healthcare indexes gained while IT and technologies lead the declines on the BSE.
The gainers on the Sensex included Hero MotoCorp gaining 2.4%, Hindalco Industries rose 1.6%, Cipla was up 1%, while ICICI Bank gained 0.8 %on the BSE.
The laggards were Tata Motors falling 1%, Infosys shed 1.5%, HDFC declined 0.4% while TCS was down 1% on the BSE.
The broader markets were up with mid-caps and small-caps gaining nearly 0.3% on the BSE.
The market breadth was positive. Out of 579 stocks traded, 402 stocks gained compared to 162 declines on the BSE.
At 9:20AM, the Bombay Stock Exchange's 30-share index Sensex rose 52 points at 19,665 while the National Stock Exchange's 50-share was up 17 points at 5,956.
Global risk appetite was positive after U.S. manufacturing unexpectedly contracted in May, dimming speculation that the Federal Reserve will reduce stimulus.
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Asian shares traded mixed with Hong Kong’s Hang Seng declining 0.2% to 22,231, China’s Shanghai Composite declined 0.7% to 2,283, Singapore’s Straits Times fell 0.4% to 3,277 while Japan’s Nikkei rose 0.5% to 13,337 today.
Back home, metal, oil & gas, PSU, healthcare indexes gained while IT and technologies lead the declines on the BSE.
The gainers on the Sensex included Hero MotoCorp gaining 2.4%, Hindalco Industries rose 1.6%, Cipla was up 1%, while ICICI Bank gained 0.8 %on the BSE.
The laggards were Tata Motors falling 1%, Infosys shed 1.5%, HDFC declined 0.4% while TCS was down 1% on the BSE.
The broader markets were up with mid-caps and small-caps gaining nearly 0.3% on the BSE.
The market breadth was positive. Out of 579 stocks traded, 402 stocks gained compared to 162 declines on the BSE.