 "Markets remain volatile; infra shares gain")
Markets have recovered from the weak opening and are trading marginally positive led by capital goods shares.
By 9:35, the Sensex was up by 107 points at 19,889 mark and the Nifty gained by 29 points at 5,879 levels.
Markets have reacted to better-than-expected July factory output data and slowing August retail inflation data which were released after market hours yesterday.
On the global front, Asian shares slipped on Friday and the dollar held to overnight losses against the yen as investors fretted not whether but by how much the US Federal Reserve will cut its monthly stimulus at next week's monetary meeting.
The Fed is expected to reduce its $85 billion a month bond-buying programme at its two-day policy meeting ending on Sept 18.
But recent weaker-than-expected data, including jobs growth in August and consumer spending and durable goods orders in July, intensifies uncertainty about the extent of reduction.
Back home, the rupee weakened in morning trade and breached the Rs 64 per dollar due to dollar demand by importers.
BSE Bankex and Realty indices have declined between 0.5-1%. However, BSE Capital Goods, Power and Healthcare indices are higher by nearly 1%.
Financial shares continue to remain weak. ICICI Bank, HDFC and HDFC Bank have dipped between 1-2%.
Other notable gainers are JSPL, Bharti Airtel, ONGC, RIL, Infosys and SBI.
On the gaining side, capital goods shares are witnessing some buying demand post the announcement of better-than-expected July factory output data. Index of industrial production (IIP) rose by 2.6% in July on a y-o-y basis after falling for 2 consecutive months.
While mining output continued to contract, both manufacturing and electricity output rebounded sharply and grew by 3.0% and 5.2% respectively in July.
L&T and BHEL have gained between 1-2%.
Tata Power, Coal India, Hero Moto, HUL and Tata Motors have gained by 1% each.
Broader markets are out performing the benchmark indices. The market breadth in BSE remains positive with 588 shares advancing and 273 shares declining.
By 9:35, the Sensex was up by 107 points at 19,889 mark and the Nifty gained by 29 points at 5,879 levels.
Markets have reacted to better-than-expected July factory output data and slowing August retail inflation data which were released after market hours yesterday.
On the global front, Asian shares slipped on Friday and the dollar held to overnight losses against the yen as investors fretted not whether but by how much the US Federal Reserve will cut its monthly stimulus at next week's monetary meeting.
The Fed is expected to reduce its $85 billion a month bond-buying programme at its two-day policy meeting ending on Sept 18.
But recent weaker-than-expected data, including jobs growth in August and consumer spending and durable goods orders in July, intensifies uncertainty about the extent of reduction.
Back home, the rupee weakened in morning trade and breached the Rs 64 per dollar due to dollar demand by importers.
At 9:30am, the rupee was trading at Rs 64.03 compared with previous close of Rs 63.54 per dollar.
BSE Bankex and Realty indices have declined between 0.5-1%. However, BSE Capital Goods, Power and Healthcare indices are higher by nearly 1%.
Financial shares continue to remain weak. ICICI Bank, HDFC and HDFC Bank have dipped between 1-2%.
Other notable gainers are JSPL, Bharti Airtel, ONGC, RIL, Infosys and SBI.
On the gaining side, capital goods shares are witnessing some buying demand post the announcement of better-than-expected July factory output data. Index of industrial production (IIP) rose by 2.6% in July on a y-o-y basis after falling for 2 consecutive months.
While mining output continued to contract, both manufacturing and electricity output rebounded sharply and grew by 3.0% and 5.2% respectively in July.
L&T and BHEL have gained between 1-2%.
Tata Power, Coal India, Hero Moto, HUL and Tata Motors have gained by 1% each.
Broader markets are out performing the benchmark indices. The market breadth in BSE remains positive with 588 shares advancing and 273 shares declining.