 "Sensex gains over 150 points; M&M, Tata Motors top gainers")
Benchmark indices continue to hold on to their gains with the Sensex and the Nifty hovering around 25,500 mark and 7,600 levels, respectively.
By 11:50, the Sensex was higher by 170 points at 25,499 mark and the Nifty gained by 46 points at 7,614 levels.
The main gainers on the Sensex are M&M, Tata Motors, Infosys, L&T and Maruti Suzuki, all gaining between 1-5%.
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Updated at 10:23
Benchmark indices have erased some of its gains but continue to maintain positive trend led by auto and capital goods shares.
By 10:20, the Sensex was higher by 147 points at 25,476 mark and the Nifty gained by 39 points at 7,607 levels.
Experts add that corporate earnings, macroeconomic data and global cues will set the tone for stock markets in a holiday-shortened week ahead.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 503.74 crore on Friday, as per provisional data from the stock exchanges.
Tata Motors, GAIL (India), HPCL, Steel Authority of India (Sail), Divi's Laboratories, Eicher Motors, Indian Hotels Company, Jet Airways (India) and Mangalore Refinery and Petrochemicals, among others, will announce April-June 2014 quarter results today.
GLOBAL MARKETS
Asian stocks rose on Monday after Wall Street rallied on an easing of tensions in Ukraine, although conflicts in other geopolitical hotspots such as Iraq limited gains.
Wall Street surged on Friday after Russia said it had finished military exercises in southern Russia, which the United States had criticised as a provocative step amid the Ukraine crisis.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7% after shedding 0.9% on Friday.
Tokyo's Nikkei rose 1.9%, and also was helped as the yen's sharp rally against the dollar on Friday was reversed. The index had lost 3% on Friday.
RUPEE
The rupee is trading at 61.08/09, higher from its 61.14/15 close on Friday. The dollar index is up 0.07 percent.
News that Russia was ending military drills near the Ukrainian border and signs of truce in Gaza allay geopolitical concerns. But, the broader sentiment in emerging markets is seen weak.
SECTORS & STOCKS
BSE Realty index has zoomed by nearly 3% followed by counters like Auto, Capital Goods, Power, Banks, Consumer Durables and Healthcare, all gaining between 1-2%. Apart from FMCG, all the major BSE sectoral indices are trading in green zone.
Shares of real estate companies are in focus and trading higher by up to 5% on the bourses after the Securities and Exchange Board of India (Sebi) approved the setting up and listing of Real Estate and Infrastructure Investment Trusts, commonly referred to as REITs.
DLF, Indiabulls Real Estate, Unitech, Oberoi Realty, Housing Development and Infrastructure (HDIL), Phoenix and Prestige Estates have rallied between 3-5% on the National Stock Exchange (NSE).
The main gainers on the Sensex 30 index are M&M, Tata Motors, Hindalco, Infosys, L&T, Axis Bank, Maruti Suzuki, Sesa Sterlite and Cipla.
IDBI Bank has dipped 5% to Rs 79.35 on National Stock Exchange (NSE) on media reports that the Central Bureau of Investigation (CBI) began probing loans by state-owned bank to Kingfisher Airlines that went bad.
Adani Enterprises has rallied 5% to Rs 475 in early morning deals on National Stock Exchange (NSE) after reporting a consolidated net profit at Rs 557 crore for the quarter ended June 30, 2014 (Q1FY15), on back of higher sales volume in power business.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up nearly 1%.
The market breadth in BSE remains firm with 1,444 shares advancing and 595 shares declining.
By 11:50, the Sensex was higher by 170 points at 25,499 mark and the Nifty gained by 46 points at 7,614 levels.
The main gainers on the Sensex are M&M, Tata Motors, Infosys, L&T and Maruti Suzuki, all gaining between 1-5%.
Also Read
M&M has surged over 5% on expectation of agri machinery sector would get strong booster over next 2-3 years as better prospects of agriculture sector supported by number of government aids and more focus on rural economy by new government.
************************************************
Updated at 10:23
Benchmark indices have erased some of its gains but continue to maintain positive trend led by auto and capital goods shares.
By 10:20, the Sensex was higher by 147 points at 25,476 mark and the Nifty gained by 39 points at 7,607 levels.
Experts add that corporate earnings, macroeconomic data and global cues will set the tone for stock markets in a holiday-shortened week ahead.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 503.74 crore on Friday, as per provisional data from the stock exchanges.
Tata Motors, GAIL (India), HPCL, Steel Authority of India (Sail), Divi's Laboratories, Eicher Motors, Indian Hotels Company, Jet Airways (India) and Mangalore Refinery and Petrochemicals, among others, will announce April-June 2014 quarter results today.
GLOBAL MARKETS
Asian stocks rose on Monday after Wall Street rallied on an easing of tensions in Ukraine, although conflicts in other geopolitical hotspots such as Iraq limited gains.
Wall Street surged on Friday after Russia said it had finished military exercises in southern Russia, which the United States had criticised as a provocative step amid the Ukraine crisis.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7% after shedding 0.9% on Friday.
Tokyo's Nikkei rose 1.9%, and also was helped as the yen's sharp rally against the dollar on Friday was reversed. The index had lost 3% on Friday.
RUPEE
The rupee is trading at 61.08/09, higher from its 61.14/15 close on Friday. The dollar index is up 0.07 percent.
News that Russia was ending military drills near the Ukrainian border and signs of truce in Gaza allay geopolitical concerns. But, the broader sentiment in emerging markets is seen weak.
SECTORS & STOCKS
BSE Realty index has zoomed by nearly 3% followed by counters like Auto, Capital Goods, Power, Banks, Consumer Durables and Healthcare, all gaining between 1-2%. Apart from FMCG, all the major BSE sectoral indices are trading in green zone.
Shares of real estate companies are in focus and trading higher by up to 5% on the bourses after the Securities and Exchange Board of India (Sebi) approved the setting up and listing of Real Estate and Infrastructure Investment Trusts, commonly referred to as REITs.
DLF, Indiabulls Real Estate, Unitech, Oberoi Realty, Housing Development and Infrastructure (HDIL), Phoenix and Prestige Estates have rallied between 3-5% on the National Stock Exchange (NSE).
The main gainers on the Sensex 30 index are M&M, Tata Motors, Hindalco, Infosys, L&T, Axis Bank, Maruti Suzuki, Sesa Sterlite and Cipla.
IDBI Bank has dipped 5% to Rs 79.35 on National Stock Exchange (NSE) on media reports that the Central Bureau of Investigation (CBI) began probing loans by state-owned bank to Kingfisher Airlines that went bad.
Adani Enterprises has rallied 5% to Rs 475 in early morning deals on National Stock Exchange (NSE) after reporting a consolidated net profit at Rs 557 crore for the quarter ended June 30, 2014 (Q1FY15), on back of higher sales volume in power business.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up nearly 1%.
The market breadth in BSE remains firm with 1,444 shares advancing and 595 shares declining.