 "Nifty holds 6,100 mark, BHEL top gainer")
Benchmark indices are trading higher on November F&O series led by realty, capital goods shares and index heavyweight RIL.
The market will volatile today as traders roll over positions in the futures & options (F&O) segment from the near month November series to December series. The near month November 2013 derivatives contracts expire today.
At 14:30 PM, the 30-share Sensex was up 151 points at 20,572 and the 50-share Nifty was up 46 points at 6,103.
On the global front, Asian shares were in a buoyant mood, with Japanese stocks hitting their highest close in nearly six years after the yen fell sharply on relatively positive U.S. economic data, while two major regional currencies slumped.
Japan's Nikkei share average soared 1.8 percent to its highest closing level in nearly six years on Thursday, as a slump in the yen pushed exporters higher on expectations of improved earnings.
The Nikkei closed 277.49 points higher at 15,727.12, the biggest daily gain in a week.
Back home, the rupee fell with the unit at 62.39 per dollar versus Wednesday's close of 62.14/15. Month-end oil-related dollar demand will keep the rupee under pressure.
On the sectoral front, BSE Realty, Capital Goods, Power, Oil & Gas, Metal, PSU, Consumer Durables and Healthcare indices have gained between 1-2%.
The main gainers on the Sensex at this hour include BHEL, Hindalco, RIL, Tata Power, L&T, Coal India and Sesa Sterlite, all gaining between 2-3%.
The country's biggest automaker by revenue Tata Motors made its entry into the list of the top-10 most valuable companies by market capitalisation, after a sharp rise in market price of the company.
Shares of Tata Motors are trading higher by 1% at Rs 402, hits a record high of Rs 405 in early morning deals on the National Stock Exchange (NSE).
Among other shares, Voltas has rallied 10% to Rs 109, extending its yesterday’s over 4% gain on BSE, after the company has bagged three overseas project orders worth Rs 1,000 crore in the West Asia.
Crompton Greaves is trading higher by 4% at Rs 125 on hopes that the benefits of recovery are likely to improve earnings of the company over the next few quarters.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices have surged by 1% each.
The market breadth in BSE remains firm with 1,376 shares advancing and 989 shares declining.
The market will volatile today as traders roll over positions in the futures & options (F&O) segment from the near month November series to December series. The near month November 2013 derivatives contracts expire today.
At 14:30 PM, the 30-share Sensex was up 151 points at 20,572 and the 50-share Nifty was up 46 points at 6,103.
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Shshank Mehta, Derivative s Analyst at Shah Investors' Home adds,” The rollover at T-1 were moderate; however, a more accurate view can be build only on today's data on closing basis. A strong rollover (say above 70% in Nifty) will be indicative of continuing of the downtrend. Current series will expire below 6050 today.”
On the global front, Asian shares were in a buoyant mood, with Japanese stocks hitting their highest close in nearly six years after the yen fell sharply on relatively positive U.S. economic data, while two major regional currencies slumped.
Japan's Nikkei share average soared 1.8 percent to its highest closing level in nearly six years on Thursday, as a slump in the yen pushed exporters higher on expectations of improved earnings.
The Nikkei closed 277.49 points higher at 15,727.12, the biggest daily gain in a week.
Back home, the rupee fell with the unit at 62.39 per dollar versus Wednesday's close of 62.14/15. Month-end oil-related dollar demand will keep the rupee under pressure.
On the sectoral front, BSE Realty, Capital Goods, Power, Oil & Gas, Metal, PSU, Consumer Durables and Healthcare indices have gained between 1-2%.
The main gainers on the Sensex at this hour include BHEL, Hindalco, RIL, Tata Power, L&T, Coal India and Sesa Sterlite, all gaining between 2-3%.
The country's biggest automaker by revenue Tata Motors made its entry into the list of the top-10 most valuable companies by market capitalisation, after a sharp rise in market price of the company.
Shares of Tata Motors are trading higher by 1% at Rs 402, hits a record high of Rs 405 in early morning deals on the National Stock Exchange (NSE).
Among other shares, Voltas has rallied 10% to Rs 109, extending its yesterday’s over 4% gain on BSE, after the company has bagged three overseas project orders worth Rs 1,000 crore in the West Asia.
Crompton Greaves is trading higher by 4% at Rs 125 on hopes that the benefits of recovery are likely to improve earnings of the company over the next few quarters.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices have surged by 1% each.
The market breadth in BSE remains firm with 1,376 shares advancing and 989 shares declining.