 "Markets stage sharp recovery on metal stocks")
The markets have surged suddenly on the back of buying interest in metal and realty shares. The Sensex, after touching a low of 19,213 this morning, has managed to rebound to 19,364 - up 38 points from Monday's close. The Nifty is up 8 points at 5,858.
Japan's Nikkei average edged down in choppy trade but managed to end above 13,000 on Tuesday, with most players staying on the sidelines as they awaited the
outcome of the U.S. Federal Reserve's meeting for clues on when it may begin tapering back stimulus. The Nikkei slipped 0.2 percent to 13,007.28 points after trading as high as 13,139.48 earlier. Meanwhile, a two-day meeting of the Federal Open Market Committee, the Fed's interest-rating setting body, begins today,
Broader markets were up half a per cent each at 6,201 amd 5795, respectively.
BSE metal index jumped 1.4% at 8,040. Realty index was up 1.2%, followed by IT and power indices. Meanwhile, private sector bank stocks fell across the board. Shares of state-run bank stocks were mixed. BSE bankex was down 0.2% at 13661. Consumer durables index was leading the losses - down 0.6% at 6,618.
ICICI Bank is set to raise up to Chinese Yuan (Renminbi) 750 million (about $ 120 million) by way of 3-year Regulation S (Reg S) bonds on Tuesday, said issue arrangers. The banking major is down 0.4% at Rs 1,097.
J P Morgan downgrades Maruti Suzuki to "underweight" from "neutral" and cut its target price to Rs 1,510 from Rs 1,750, citing muted passenger car demand in India and increasing competition in higher value segments. Maruti Suzuki is flat at Rs 1,539.
NTPC is leading the loser's list - down 1.3% at Rs 148. GAIL India is down 1%, followed by Dr Reddy's. HDFC Bank and Tata Motors.
On the other hand, Tata Steel has added 3.5% at Rs 286. Tata Power is up 1.87%, followed by Infosys, Bajaj Auto and Sterlite.
BSE market breadth is neutral. Out of 2,324 stocks traded,1158 shares have advanced while 1023 shares have declined.
Japan's Nikkei average edged down in choppy trade but managed to end above 13,000 on Tuesday, with most players staying on the sidelines as they awaited the
outcome of the U.S. Federal Reserve's meeting for clues on when it may begin tapering back stimulus. The Nikkei slipped 0.2 percent to 13,007.28 points after trading as high as 13,139.48 earlier. Meanwhile, a two-day meeting of the Federal Open Market Committee, the Fed's interest-rating setting body, begins today,
Broader markets were up half a per cent each at 6,201 amd 5795, respectively.
Also Read
BSE metal index jumped 1.4% at 8,040. Realty index was up 1.2%, followed by IT and power indices. Meanwhile, private sector bank stocks fell across the board. Shares of state-run bank stocks were mixed. BSE bankex was down 0.2% at 13661. Consumer durables index was leading the losses - down 0.6% at 6,618.
ICICI Bank is set to raise up to Chinese Yuan (Renminbi) 750 million (about $ 120 million) by way of 3-year Regulation S (Reg S) bonds on Tuesday, said issue arrangers. The banking major is down 0.4% at Rs 1,097.
J P Morgan downgrades Maruti Suzuki to "underweight" from "neutral" and cut its target price to Rs 1,510 from Rs 1,750, citing muted passenger car demand in India and increasing competition in higher value segments. Maruti Suzuki is flat at Rs 1,539.
NTPC is leading the loser's list - down 1.3% at Rs 148. GAIL India is down 1%, followed by Dr Reddy's. HDFC Bank and Tata Motors.
On the other hand, Tata Steel has added 3.5% at Rs 286. Tata Power is up 1.87%, followed by Infosys, Bajaj Auto and Sterlite.
BSE market breadth is neutral. Out of 2,324 stocks traded,1158 shares have advanced while 1023 shares have declined.