 "Nifty holds 6,700 mark; RIL & Tata Motors top gainers")
Benchmark indices maintain the marginally higher trend led by oil & gas and capital goods shares.
At 14:05 PM, the 30-share Sensex was up 76 points at 22,522 mark the broader 50-unit Nifty was trading at 6,718 levels, up 18 points.
The main gainers on the Sensex are RIL, Tata Motors, ITC, ICICI Bank and L&T.
The market breadth in BSE remains positive with 1,233 shares advancing and 1,193 shares declining.
***************************************
Updated at 13:10
Benchmark indices are trading marginally positive led by financials and capital goods shares. Markets have trimmed early gains after making a firm start.
Services, the biggest chunk of India's economy, contracted for the tenth month in a row in April, even as the rate of fall decelerated, showed widely-tracked HSBC purchasing managers' index (PMI).
Meanwhile the IT shares are also witnessing some selling pressure.
At 13:00 PM, the 30-share Sensex was up 70 points at 22,515 mark the broader 50-unit Nifty was trading at 6,717 levels, up 17 points.
Adds Devangshu Datta, Technical Analyst and market expert,” there is resistance at 6750 and also at 6775 (Assume futures will run at about 25-30 pts premium to spot index). It looks most likely that the market will range trade 6700-6750 (spot levels).”
On the global front, Asian share markets shuffled higher on Tuesday after promising U.S. economic news helped Wall Street to a firmer finish, though activity was again light with Tokyo still on holiday.
Stock markets in India and China led the way with gains of 0.5% each, while MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2%.
Markets in Seoul and Hong Kong are also off on Tuesday to celebrate the Buddha's birthday.
Back home, the rupee is trading at 60.22/23 after rising as high as 60.05 in opening deals. It is trading largely steady from its previous close of 60.21/22, with dollar demand from oil firms hurting the Indian unit.
Meanhile, foreign institutional investors (FIIs) bought shares worth a net Rs 279.86 crore on Monday, 5 May 2014, as per provisional data from the stock exchanges.
On the sectoral front, BSE Oil & Gas, Consumer Durables, Capital Goods and FMCG indices have gained by 1% each. However, BSE IT and TECk indices have declined by nearly 1% each.
The main gainers on the Sensex at this hour include ICICI Bank, ITC, RIL, ONGC, Tata Motors, Tata Steel, L&T, BHEL, NTPC.
On the losing side, Bharti Airtel, Hindalco, Wipro, TCS and Bajaj Auto have plunged between 1-2%.
Among other shares, Alkyl Amines Chemicals has moved higher by 7% to Rs 331 after the company said its board will consider the sub-division of equity shares of face value of Rs 10 a share to a lower denomination.
City Union Bank is trading higher by 4% to Rs 60.15 on BSE after the Reserve Bank of India (RBI) allowed foreign institutional investors to purchase up to 35% of the paid-up capital of the bank.
The broader markets are trading marginally positive in line with the benchmark indices- BSE Midcap and Smallcap indices have gained by 0.4%.
The market breadth in BSE remains positive with 1,233 shares advancing and 1,193 shares declining.
At 14:05 PM, the 30-share Sensex was up 76 points at 22,522 mark the broader 50-unit Nifty was trading at 6,718 levels, up 18 points.
The main gainers on the Sensex are RIL, Tata Motors, ITC, ICICI Bank and L&T.
More From This Section
The broader markets are trading marginally positive in line with the benchmark indices- BSE Midcap and Smallcap indices have gained by 0.4%.
The market breadth in BSE remains positive with 1,233 shares advancing and 1,193 shares declining.
***************************************
Updated at 13:10
Benchmark indices are trading marginally positive led by financials and capital goods shares. Markets have trimmed early gains after making a firm start.
Services, the biggest chunk of India's economy, contracted for the tenth month in a row in April, even as the rate of fall decelerated, showed widely-tracked HSBC purchasing managers' index (PMI).
Meanwhile the IT shares are also witnessing some selling pressure.
At 13:00 PM, the 30-share Sensex was up 70 points at 22,515 mark the broader 50-unit Nifty was trading at 6,717 levels, up 17 points.
Adds Devangshu Datta, Technical Analyst and market expert,” there is resistance at 6750 and also at 6775 (Assume futures will run at about 25-30 pts premium to spot index). It looks most likely that the market will range trade 6700-6750 (spot levels).”
On the global front, Asian share markets shuffled higher on Tuesday after promising U.S. economic news helped Wall Street to a firmer finish, though activity was again light with Tokyo still on holiday.
Stock markets in India and China led the way with gains of 0.5% each, while MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2%.
Markets in Seoul and Hong Kong are also off on Tuesday to celebrate the Buddha's birthday.
Back home, the rupee is trading at 60.22/23 after rising as high as 60.05 in opening deals. It is trading largely steady from its previous close of 60.21/22, with dollar demand from oil firms hurting the Indian unit.
Meanhile, foreign institutional investors (FIIs) bought shares worth a net Rs 279.86 crore on Monday, 5 May 2014, as per provisional data from the stock exchanges.
On the sectoral front, BSE Oil & Gas, Consumer Durables, Capital Goods and FMCG indices have gained by 1% each. However, BSE IT and TECk indices have declined by nearly 1% each.
The main gainers on the Sensex at this hour include ICICI Bank, ITC, RIL, ONGC, Tata Motors, Tata Steel, L&T, BHEL, NTPC.
On the losing side, Bharti Airtel, Hindalco, Wipro, TCS and Bajaj Auto have plunged between 1-2%.
Among other shares, Alkyl Amines Chemicals has moved higher by 7% to Rs 331 after the company said its board will consider the sub-division of equity shares of face value of Rs 10 a share to a lower denomination.
City Union Bank is trading higher by 4% to Rs 60.15 on BSE after the Reserve Bank of India (RBI) allowed foreign institutional investors to purchase up to 35% of the paid-up capital of the bank.
The broader markets are trading marginally positive in line with the benchmark indices- BSE Midcap and Smallcap indices have gained by 0.4%.
The market breadth in BSE remains positive with 1,233 shares advancing and 1,193 shares declining.