 "Nifty hovers near 5,850; Q1 earnings key")
Markets pared gains in the afternoon session this Tuesday on account of profit-booking witnessed in automobile and mining stocks.
Investors also traded cautiously ahead of the first-quarter earnings starting this Friday with Infosys, the bellwether stock of the IT index set to unveil its quarterly performance.
At 1PM, the 30-share Sensex was up 89 points at 19,413 and the 50-share Nifty rose 33 points at 5,844 levels.
Meanwhile, hopes of growth recovery in US gained prominence after non-farm payroll data showed 195,000 jobs were created last month, better than the 165,000 expected last Friday.
In Asia, Nikkei gained 2.5% to 14,475, Singapore Straits Times rose 0.7% to 3,178, China’s Shanghai Composite index was up 0.4% at 1,965 while Hong Kong’s Hang Seng gained 0.3% to 20,636 today.
European markets traded firm. France’s CAC gained 0.5% to 3,853, Germany’s DAX gained 0.7% to 8,026 while UK’S FTSE rose 0.7% to 6,495.
Back home, healthcare, power, banks, IT, capital goods indices gained while metal, realty, oil and gas, auto sectors dropped on the BSE.
The key gainers included counters such Sun Pharma rising 4.5%, Bajaj Auto gained 2.6%, NTPC added 1.3%, BHEL gained 1.2% while HDFC Bank was up over 1% on the BSE.
The laggards included names like Coal India falling 1.7%, Mahindra & Mahindra falling 1.3%, Jindal Steel shed 1.1%, Maruti Suzuki and Tata Motors declined over 1% on the BSE.
The key notable movers included counters such as Tribhovandas Bhimji Zaveri (TBZ) has surged 13% to Rs 208 in noon deals on BSE, after jewellery maker said the foreign institutional investors (FIIs) have acquired an additional stake in the company through open market purchases.
Havells India has rallied 6% to Rs 794, also its record high on BSE, after the broking firms upgraded the stock with Buy rating.
The broader markets traded higher with mid-caps and small-caps gaining 0.3-0.4 per cent on the BSE.
The market breadth was positive. Out of 2,143 stocks traded so far, 1,137stocks advanced while 896 declined on the BSE.
Investors also traded cautiously ahead of the first-quarter earnings starting this Friday with Infosys, the bellwether stock of the IT index set to unveil its quarterly performance.
At 1PM, the 30-share Sensex was up 89 points at 19,413 and the 50-share Nifty rose 33 points at 5,844 levels.
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Global investor sentiments improved after Alcoa (AA) Inc. started the US earnings season with results that beat analysts’ estimates.
Meanwhile, hopes of growth recovery in US gained prominence after non-farm payroll data showed 195,000 jobs were created last month, better than the 165,000 expected last Friday.
In Asia, Nikkei gained 2.5% to 14,475, Singapore Straits Times rose 0.7% to 3,178, China’s Shanghai Composite index was up 0.4% at 1,965 while Hong Kong’s Hang Seng gained 0.3% to 20,636 today.
European markets traded firm. France’s CAC gained 0.5% to 3,853, Germany’s DAX gained 0.7% to 8,026 while UK’S FTSE rose 0.7% to 6,495.
Back home, healthcare, power, banks, IT, capital goods indices gained while metal, realty, oil and gas, auto sectors dropped on the BSE.
The key gainers included counters such Sun Pharma rising 4.5%, Bajaj Auto gained 2.6%, NTPC added 1.3%, BHEL gained 1.2% while HDFC Bank was up over 1% on the BSE.
The laggards included names like Coal India falling 1.7%, Mahindra & Mahindra falling 1.3%, Jindal Steel shed 1.1%, Maruti Suzuki and Tata Motors declined over 1% on the BSE.
The key notable movers included counters such as Tribhovandas Bhimji Zaveri (TBZ) has surged 13% to Rs 208 in noon deals on BSE, after jewellery maker said the foreign institutional investors (FIIs) have acquired an additional stake in the company through open market purchases.
Havells India has rallied 6% to Rs 794, also its record high on BSE, after the broking firms upgraded the stock with Buy rating.
The broader markets traded higher with mid-caps and small-caps gaining 0.3-0.4 per cent on the BSE.
The market breadth was positive. Out of 2,143 stocks traded so far, 1,137stocks advanced while 896 declined on the BSE.