 "Markets recover; auto stocks gain")
Markets recovered from the lows of the day as buying in auto majors like Mahindra & Mahindra, Tata Motors along with Infosys ahead of its Q2 numbers, capped losses in the noon deals.
At 1300 hrs, the markets were flat with the Sensex at 20,245, down three points and the Nifty gained seven points to trade at 6,014.
In the broader markets, the midcap gained 0.8% and the smallcap index advanced 0.6%, both outperforming the Sensex which was flat.
Global Markets
Japanese stocks rose to a one-week high and the dollar strengthened on Thursday as investors grew hopeful that U.S. politicians will resolve in coming days the fiscal impasse that has sapped market confidence.
Tokyo's Nikkei share average advanced 0.9% to its highest point since the middle of last week, although shares elsewhere in Asia lost ground.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2%, dragged lower by Chinese and Hong Kong stocks.
China's CSI300 shed 1.1% and Hong Kong's Hang Seng Index lost 0.9%.
Sectors & Stocks
On the sectoral front, barring Bankex and FMCG indices, down 0.1% each and Oil & Gas index down 0.4%, all the other indices were in the positive territory.
Among the top gainers were Metal and Auto indices, adding 1% each followed by Capital Goods, Consumer Durables, PSU, Realty, Health Care, Power, IT and Teck indices, all losing between 0.2-0.6%.
The losers among the Sensex-30 were Tata Power, HDFC Bank, Gail India and REliance iNdustries down 1-1.5%.
Sun Pharma, ITC, TCS, BHEL and Hindustan Unilever, slipped 0.4-0.9% and were the other notable losers.
Among the gainers were Tata group stocks like Tata Motors and Tata Steel, both up 2% each.
Jindal Steel, SSLT, Mahindra & Mahindra, Maruti Suzuki, SBI, Infosys and NTPC gained 1-2%.
Shares of education companies such as Career Point, NIIT, Aptech, Educomp Solutions and MT Educare were in focus and was trading higher by up to 20% on back of heavy volumes.
Career Point was locked in upper circuit of 20% at Rs 69.65 with no sellers on the counter.
The market breadth was positive on the BSE. 1,221 stocks advanced while 874 stocks declined.
At 1300 hrs, the markets were flat with the Sensex at 20,245, down three points and the Nifty gained seven points to trade at 6,014.
In the broader markets, the midcap gained 0.8% and the smallcap index advanced 0.6%, both outperforming the Sensex which was flat.
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The rupee is trading at 62.07 versus its close of 61.93/94 as weakness in other Asian currencies and majors versus the greenback hurts.
Global Markets
Japanese stocks rose to a one-week high and the dollar strengthened on Thursday as investors grew hopeful that U.S. politicians will resolve in coming days the fiscal impasse that has sapped market confidence.
Tokyo's Nikkei share average advanced 0.9% to its highest point since the middle of last week, although shares elsewhere in Asia lost ground.
MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2%, dragged lower by Chinese and Hong Kong stocks.
China's CSI300 shed 1.1% and Hong Kong's Hang Seng Index lost 0.9%.
Sectors & Stocks
On the sectoral front, barring Bankex and FMCG indices, down 0.1% each and Oil & Gas index down 0.4%, all the other indices were in the positive territory.
Among the top gainers were Metal and Auto indices, adding 1% each followed by Capital Goods, Consumer Durables, PSU, Realty, Health Care, Power, IT and Teck indices, all losing between 0.2-0.6%.
The losers among the Sensex-30 were Tata Power, HDFC Bank, Gail India and REliance iNdustries down 1-1.5%.
Sun Pharma, ITC, TCS, BHEL and Hindustan Unilever, slipped 0.4-0.9% and were the other notable losers.
Among the gainers were Tata group stocks like Tata Motors and Tata Steel, both up 2% each.
Jindal Steel, SSLT, Mahindra & Mahindra, Maruti Suzuki, SBI, Infosys and NTPC gained 1-2%.
Shares of education companies such as Career Point, NIIT, Aptech, Educomp Solutions and MT Educare were in focus and was trading higher by up to 20% on back of heavy volumes.
Career Point was locked in upper circuit of 20% at Rs 69.65 with no sellers on the counter.
The market breadth was positive on the BSE. 1,221 stocks advanced while 874 stocks declined.