 "Nifty holds above 8,800; Sensex gains nearly 200 points")
Benchmark indices are trading firm after trimming some of the early gains as the losses in information technology and oil & gas shares have capped the gains at higher levels.
At 11:26AM, the 30-share Sensex was up 176 points at 29,181 and the 50-share Nifty was up 41 points at 8,802.
The Sensex has touched its new all-time high level of 29,408.73 and Nifty has hit its fresh record-high level of 8,866.40 in today’s session.
Meanwhile, foreign institutional investors were net buyers in Indian equities worth Rs 593 crore on Thursday, as per provisional stock exchange data.
Buzzing Stocks
6 of the 12 sectoral indices of BSE are in green. BSE Capital Goods index has gained around 0.9% and is the top gainer followed by BSE Auto index, up 0.7% and Bankex, up 0.6%. BSE Realty index, down 0.4% is the top loser followed by BSE Oil & Gas index.
Among auto stocks, M&M has gained over 2%, Tata Motors has gained around 1.6%, Hero Motocorp has gained 0.6% while Bajaj Auto and Maruti Suzuki have declined 0.1% each.
On Thursday Tata Motors launched the Bolt, a hatchback, starting at Rs 4.64 lakh (ex-showroom, Mumbai). The company is pitting this car against segment leaders Maruti Suzuki Swift and Hyundai Grand i10.
Financials are leading the gains. HDFC twins have gained around 2.3% each, SBI is up 0.5%, ICICI Bank is up 0.6% while Axis Bank is down 0.3%. A foreign brokerage has forecasted better outlook for the Axis Bank compared to its peer, ICICI Bank.
Sesa Sterlite has gained over 1%. Yesterday, the company announced that its subsidiary Bharat Aluminium Company Limited (BALCO) has received approval of Consent to Operate (CTO) from the Chattisgarh State Pollution Control Board and other clearances for starting its Korba’s based 1200 MW Power Plant.
Dr Reddys Lab is trading flat. US-based biotechnology company Curis, Inc has entered into an exclusive collaboration agreement with Aurigene Discovery Technologies, an independent wholly-owned subsidiary of Dr Reddy’s Laboratories focusing on development of select cancer therapies.
IT stocks are under pressure as firmed up following the launch of quantitative easing programme by ECB. Infosys and TCS have declined around 0.6% each while Wipro is trading flat.
Among other stocks, Sun Pharma Advanced Research Company (SPARC) has rallied 13%, extending its past four day’s over 40% rally on BSE, on back of heavy volumes.
At 11:26AM, the 30-share Sensex was up 176 points at 29,181 and the 50-share Nifty was up 41 points at 8,802.
The Sensex has touched its new all-time high level of 29,408.73 and Nifty has hit its fresh record-high level of 8,866.40 in today’s session.
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In the broader market, both the BSE Midcap and Smallcap indices have performed worse than the front-liners with losses of 0.5% and 0.7% each. Market breadth in BSE is negative with 1,601 declines against 883 advances.
Meanwhile, foreign institutional investors were net buyers in Indian equities worth Rs 593 crore on Thursday, as per provisional stock exchange data.
Buzzing Stocks
6 of the 12 sectoral indices of BSE are in green. BSE Capital Goods index has gained around 0.9% and is the top gainer followed by BSE Auto index, up 0.7% and Bankex, up 0.6%. BSE Realty index, down 0.4% is the top loser followed by BSE Oil & Gas index.
Among auto stocks, M&M has gained over 2%, Tata Motors has gained around 1.6%, Hero Motocorp has gained 0.6% while Bajaj Auto and Maruti Suzuki have declined 0.1% each.
On Thursday Tata Motors launched the Bolt, a hatchback, starting at Rs 4.64 lakh (ex-showroom, Mumbai). The company is pitting this car against segment leaders Maruti Suzuki Swift and Hyundai Grand i10.
Financials are leading the gains. HDFC twins have gained around 2.3% each, SBI is up 0.5%, ICICI Bank is up 0.6% while Axis Bank is down 0.3%. A foreign brokerage has forecasted better outlook for the Axis Bank compared to its peer, ICICI Bank.
Sesa Sterlite has gained over 1%. Yesterday, the company announced that its subsidiary Bharat Aluminium Company Limited (BALCO) has received approval of Consent to Operate (CTO) from the Chattisgarh State Pollution Control Board and other clearances for starting its Korba’s based 1200 MW Power Plant.
Dr Reddys Lab is trading flat. US-based biotechnology company Curis, Inc has entered into an exclusive collaboration agreement with Aurigene Discovery Technologies, an independent wholly-owned subsidiary of Dr Reddy’s Laboratories focusing on development of select cancer therapies.
IT stocks are under pressure as firmed up following the launch of quantitative easing programme by ECB. Infosys and TCS have declined around 0.6% each while Wipro is trading flat.
Among other stocks, Sun Pharma Advanced Research Company (SPARC) has rallied 13%, extending its past four day’s over 40% rally on BSE, on back of heavy volumes.