 "Sensex gains 100 points, Nifty eyes 7,800; Bank Nifty up 200 points")
Markets have made a smart recovery from day’s low and are trading firm after the announcement of WPI numbers for the month of October which came in at -3.8%.
Further, buying demand among banks and capital goods has also helped the indices to maintain the trend.
At 12:16 PM, the Sensex gained 105 points to trade at 25,716 and the Nifty rose30 points to trade at 7,792.
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Updated at 11:55 am
Benchmark indices are trading flat with Sensex and Nifty swinging between negative and positive zone.
Global stocks in major markets witnessed selling pressure on Monday after suspected Islamist militants launched coordinated attacks across Paris that killed more than 130 people.
Further, investors are grappling with uncertain market conditions due to coming Fed rate hikes, global economic worries, falling oil prices and fears of a weakening retail sector.
At 11:55 AM, the Sensex gained 42 points to trade at 25,652 and the Nifty rose11 points to trade at 7,773.
In the broader market, BSE Midcap and Smallcap indices are in line with the benchmarks and are up 0.1-0.2%. Market breadth is neutral with 1,137 shares advancing and 1,130 shares declining.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 746.70 crore on Friday, 13 November 2015, as per provisional data released by the stock exchanges.
In the currency front, the rupee is trading at 66.17against dollar.
GLOBAL MARKETS
Asian stocks fell to six-week lows on Monday and emerging market currencies wilted as investors sought the safety of the greenback in the wake of Friday's deadly attacks in Paris and downbeat economic data.
MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 1% in early trade after a 3% loss last week.
Leading the losers were the Nikkei stock index which tumbled nearly 1.3%, nearly wiping out last week's 1.7% gain as latest economic data undershot expectations.
SECTORS & STOCKS
BSE Bankex has surged over 1% followed by counters like Capital Goods, Consumer Durables and Realty, all gaining between 0.3-1%. However, BSE IT index has stumbled over 1%.
From the financial space, ICICI Bank, SBI and HDFC Bank are up 1-2%. Finance Minister Arun Jaitley will meet heads of PSU banks on November 23 to discuss various issues, including bad loans and credit flow to productive sectors of the economy.
Bharti Airtel is planning to issue sterling bonds of up to £500 million (Rs 5,000 crore), which will be listed on the London Stock Exchange. The stock has gained over 1%.
Tata Steel wants to sell its plant in northern England to give it the “best chance of survival" as the UK industry has been struggling under a flood of cheap steel being pumped in from China, which has depressed prices. Tata Steel has surged almost 2%.
Other notable gainers are Dr Reddy’s Labs, ITC, L&T, M&M and Vedanta.
On the losing side, Infosys, Tata Motors, HUL, TCS and Coal India have plunged between 1-2%.
Coal India (CIL), the government-owned near-monopolist in the sector, is to build 15 washeries across its various subsidiaries, through private companies under a build and operate model.
SMART MOVERS
S.H. Kelkar and Company made a solid debut on the stock market with shares of fragrance maker was listed at Rs 223.70, a 24% premium against its issue price of Rs 180 per share on the National Stock Exchange (NSE). The stock hit a high of Rs 225 and low of Rs 203 so far.
Shares of sugar producing companies are back into focus with most of the stocks from the sector trading at their fresh 52-week highs on the Bombay Stock Exchange (BSE) in an otherwise weak market.
Uttam Sugar Mills, Sakthi Sugars, Simbhaloi Sugars, Upper Ganges Sugar, Mawana Sugars, Thiru Arooran Sugars and Shree Renuka Sugars have rallied more than 10% each.
Further, buying demand among banks and capital goods has also helped the indices to maintain the trend.
At 12:16 PM, the Sensex gained 105 points to trade at 25,716 and the Nifty rose30 points to trade at 7,792.
More From This Section
The top gainers from the Sensex pack are Dr Reddy’s Labs, Tata Steel, ITC, ICICI Bank and SBI.
**********************************
Updated at 11:55 am
Benchmark indices are trading flat with Sensex and Nifty swinging between negative and positive zone.
Global stocks in major markets witnessed selling pressure on Monday after suspected Islamist militants launched coordinated attacks across Paris that killed more than 130 people.
Further, investors are grappling with uncertain market conditions due to coming Fed rate hikes, global economic worries, falling oil prices and fears of a weakening retail sector.
At 11:55 AM, the Sensex gained 42 points to trade at 25,652 and the Nifty rose11 points to trade at 7,773.
In the broader market, BSE Midcap and Smallcap indices are in line with the benchmarks and are up 0.1-0.2%. Market breadth is neutral with 1,137 shares advancing and 1,130 shares declining.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 746.70 crore on Friday, 13 November 2015, as per provisional data released by the stock exchanges.
In the currency front, the rupee is trading at 66.17against dollar.
GLOBAL MARKETS
Asian stocks fell to six-week lows on Monday and emerging market currencies wilted as investors sought the safety of the greenback in the wake of Friday's deadly attacks in Paris and downbeat economic data.
MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 1% in early trade after a 3% loss last week.
Leading the losers were the Nikkei stock index which tumbled nearly 1.3%, nearly wiping out last week's 1.7% gain as latest economic data undershot expectations.
SECTORS & STOCKS
BSE Bankex has surged over 1% followed by counters like Capital Goods, Consumer Durables and Realty, all gaining between 0.3-1%. However, BSE IT index has stumbled over 1%.
From the financial space, ICICI Bank, SBI and HDFC Bank are up 1-2%. Finance Minister Arun Jaitley will meet heads of PSU banks on November 23 to discuss various issues, including bad loans and credit flow to productive sectors of the economy.
Bharti Airtel is planning to issue sterling bonds of up to £500 million (Rs 5,000 crore), which will be listed on the London Stock Exchange. The stock has gained over 1%.
Tata Steel wants to sell its plant in northern England to give it the “best chance of survival" as the UK industry has been struggling under a flood of cheap steel being pumped in from China, which has depressed prices. Tata Steel has surged almost 2%.
Other notable gainers are Dr Reddy’s Labs, ITC, L&T, M&M and Vedanta.
On the losing side, Infosys, Tata Motors, HUL, TCS and Coal India have plunged between 1-2%.
Coal India (CIL), the government-owned near-monopolist in the sector, is to build 15 washeries across its various subsidiaries, through private companies under a build and operate model.
SMART MOVERS
S.H. Kelkar and Company made a solid debut on the stock market with shares of fragrance maker was listed at Rs 223.70, a 24% premium against its issue price of Rs 180 per share on the National Stock Exchange (NSE). The stock hit a high of Rs 225 and low of Rs 203 so far.
Shares of sugar producing companies are back into focus with most of the stocks from the sector trading at their fresh 52-week highs on the Bombay Stock Exchange (BSE) in an otherwise weak market.
Uttam Sugar Mills, Sakthi Sugars, Simbhaloi Sugars, Upper Ganges Sugar, Mawana Sugars, Thiru Arooran Sugars and Shree Renuka Sugars have rallied more than 10% each.