 "Sensex, Nifty range bound; broader markets outshine")
Benchmark indices are trading on a flat note, amid range bound trade, as the losses in information technology, auto and select banks have wiped off the gains in select capital goods and FMCG shares.
At 11:24AM, the 30-share Sensex and the 50-share Nifty were flat at the mark of 28,081 and 8,497 respectively.
In the broader market, both the BSE Midcap and Smallcap indices have performed better than the front-liners with gains of 0.6% and 0.5% each. Market breadth in BSE is positive with 1,337 advances against 1,039 declines.
Buzzing Stocks
9 out of the 12 sectoral indices of BSE are in green. BSE Consumer Durables index has surged over 2% and is the top gainer followed by BSE Realty index, up 1.8%, BSE Capital Goods index, up 1%, BSE Power index, up 0.9% and BSE Metal index, up 0.6%.
HDFC Bank has extended gains from yesterday and is up around 1.6% while FMCG major, HUL has rebounded from yesterday's marginal decline and is up around 1.8%.
Axis Bank is trading higher by 1% ahead of its Q3 results.
Metal stocks are trading mixed against the backdrop of sustained decline in global commodity prices. Sesa Sterlite has gained around 1.8% while Tata Steel is down 0.5% and Hindalco is trading flat.
Pharma shares are trading higher. Sun Pharma and Cipla have gained 0.9% and 1.4% each and Dr Reddys Lab is up 0.6%.
Reliance and Wipro are marginally higher by 0.2% ahead of their Q3 results.
TCS has declined around 1.7% on sub-par Q3 results and Infosys is down 0.3%.
Among major losers, Tata Motors has declined over 1%, SBI is down 1.2%, Hero Motocop is down around 1% and GAIL is down around 0.9%.
Bharti Airtel has declined around 2.6%. The comapny has clarified that it has not received any order demanding Rs. 436 crore from Department of Telecom.
Among other shares, Sun TV Network has soared 10% on back of heavy volumes after promoters sold out of its group company SpiceJet to co-founder Ajay Singh.
At 11:24AM, the 30-share Sensex and the 50-share Nifty were flat at the mark of 28,081 and 8,497 respectively.
In the broader market, both the BSE Midcap and Smallcap indices have performed better than the front-liners with gains of 0.6% and 0.5% each. Market breadth in BSE is positive with 1,337 advances against 1,039 declines.
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Meanwhile, foreign institutional investors were net buyers in Indian equities worth Rs 1,738.24 crore on Thursday, as per provisional stock exchange data.
Buzzing Stocks
9 out of the 12 sectoral indices of BSE are in green. BSE Consumer Durables index has surged over 2% and is the top gainer followed by BSE Realty index, up 1.8%, BSE Capital Goods index, up 1%, BSE Power index, up 0.9% and BSE Metal index, up 0.6%.
HDFC Bank has extended gains from yesterday and is up around 1.6% while FMCG major, HUL has rebounded from yesterday's marginal decline and is up around 1.8%.
Axis Bank is trading higher by 1% ahead of its Q3 results.
Metal stocks are trading mixed against the backdrop of sustained decline in global commodity prices. Sesa Sterlite has gained around 1.8% while Tata Steel is down 0.5% and Hindalco is trading flat.
Pharma shares are trading higher. Sun Pharma and Cipla have gained 0.9% and 1.4% each and Dr Reddys Lab is up 0.6%.
Reliance and Wipro are marginally higher by 0.2% ahead of their Q3 results.
TCS has declined around 1.7% on sub-par Q3 results and Infosys is down 0.3%.
Among major losers, Tata Motors has declined over 1%, SBI is down 1.2%, Hero Motocop is down around 1% and GAIL is down around 0.9%.
Bharti Airtel has declined around 2.6%. The comapny has clarified that it has not received any order demanding Rs. 436 crore from Department of Telecom.
Among other shares, Sun TV Network has soared 10% on back of heavy volumes after promoters sold out of its group company SpiceJet to co-founder Ajay Singh.