 "Markets surge on growth optimism; WPI key")
Markets gained momentum in the afternoon session this Thursday after country’s industrial output expanded, however, investors preferred to remain on the side lines ahead of April inflation data scheduled next week.
At 12:55PM, the Bombay Stock Exchange's 30-share index Sensex rose 91 points at 20,030.64 while the National Stock Exchange's 50-share Nifty was up 26 point at 6,076.
India's industrial production growth rose at a pace of 2.5 per cent in March, after its moderate growth of 0.6 per cent in February 2013. The Index of Industrial production had registered a growth rate of 2.4 per cent in January 2013.
Meanwhile, global risk appetite was mixed as investors took a breather from recent rallies overnight.
Asian markets traded mixed with Hong Kong’s Hang Seng falling 0.1% to 23,182.83, China’s Shanghai Composite gained 0.5% to 2,244, Singapore’s Straits Times rose 0.2% to 3,438 while Japan’s Nikkei surged 2.8% to 14,607 today.
Meanwhile, European markets were firm in opening deals. France’s CAC added 0.5% to 3,948, UK’s FTSE rose 0.3% to 6,611 while Germany’s DAX was up 0.5% to 8,303.
Back home, the key sectoral indices such as autos, consumer durables, healthcare, banks, oil & gas gained while metals, real-estate, capital goods sectors dropped on the BSE.
The gainers on the Sensex included, Maruti Suzuki and Hero MotoCorp gaining 3.6% and 2.5% respectively, Mahindra & Mahindra added 1.8%, ONGC also rose 1.8% on the BSE.
The laggards included counters such as Jindal Steel declined 1.8%, Sun Pharma and Cipla fell 1.5% and 1% respectively, Coal India was down 1.4% on the BSE.
The key notable movers included, Maruti Suzuki India has moved higher by over 3% to Rs 1,713 after the Japanese yen hit a fresh four-year low against the dollar. The stock currently trading near to its record high of Rs 1,740 touched in September 30, 2009, in intra-day trade on BSE.
Shares of media mainly those engaged in broadcasting business are in demand after New Delhi Television (NDTV) has reported a robust earnings for the fourth quarter ended March 31, 2013 (Q4).
The broader markets gained with mid-caps and small-caps rising nearly 0.3% on the BSE.
The market breadth was negative. Out of 1,684 stocks traded, 811 stocks declined compared to 787 gained on the BSE.
At 12:55PM, the Bombay Stock Exchange's 30-share index Sensex rose 91 points at 20,030.64 while the National Stock Exchange's 50-share Nifty was up 26 point at 6,076.
India's industrial production growth rose at a pace of 2.5 per cent in March, after its moderate growth of 0.6 per cent in February 2013. The Index of Industrial production had registered a growth rate of 2.4 per cent in January 2013.
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The next crucial trigger for the markets will be the inflation data on Monday.
Meanwhile, global risk appetite was mixed as investors took a breather from recent rallies overnight.
Asian markets traded mixed with Hong Kong’s Hang Seng falling 0.1% to 23,182.83, China’s Shanghai Composite gained 0.5% to 2,244, Singapore’s Straits Times rose 0.2% to 3,438 while Japan’s Nikkei surged 2.8% to 14,607 today.
Meanwhile, European markets were firm in opening deals. France’s CAC added 0.5% to 3,948, UK’s FTSE rose 0.3% to 6,611 while Germany’s DAX was up 0.5% to 8,303.
Back home, the key sectoral indices such as autos, consumer durables, healthcare, banks, oil & gas gained while metals, real-estate, capital goods sectors dropped on the BSE.
The gainers on the Sensex included, Maruti Suzuki and Hero MotoCorp gaining 3.6% and 2.5% respectively, Mahindra & Mahindra added 1.8%, ONGC also rose 1.8% on the BSE.
The laggards included counters such as Jindal Steel declined 1.8%, Sun Pharma and Cipla fell 1.5% and 1% respectively, Coal India was down 1.4% on the BSE.
The key notable movers included, Maruti Suzuki India has moved higher by over 3% to Rs 1,713 after the Japanese yen hit a fresh four-year low against the dollar. The stock currently trading near to its record high of Rs 1,740 touched in September 30, 2009, in intra-day trade on BSE.
Shares of media mainly those engaged in broadcasting business are in demand after New Delhi Television (NDTV) has reported a robust earnings for the fourth quarter ended March 31, 2013 (Q4).
The broader markets gained with mid-caps and small-caps rising nearly 0.3% on the BSE.
The market breadth was negative. Out of 1,684 stocks traded, 811 stocks declined compared to 787 gained on the BSE.