 "Trading resumes at BSE; Sensex up 48 points")
The Bombay Stock Exchange which was facing connectivity issues earlier today has resumed normal trading.
At 12:52PM, the 30-share Sensex was up 48 points at 25,889 and the 50-share Nifty was up 7 points at 7,732.
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(Updated at 11:35 hrs)
The Nifty is trading flat with a positive bias. At 1130 hrs, the 50-share Nifty is quoting at 7,735 levels up 10 points or 0.13%
At 12:52PM, the 30-share Sensex was up 48 points at 25,889 and the 50-share Nifty was up 7 points at 7,732.
___________________________________
(Updated at 11:35 hrs)
The Nifty is trading flat with a positive bias. At 1130 hrs, the 50-share Nifty is quoting at 7,735 levels up 10 points or 0.13%
Meanwhile, the BSE which is closed due to technical issues issued a statement that the exchange will start with a pre-opening session again. Also, the previous orders in order book before outage stands cancelled.
Asian Markets
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Asian stocks inched down from a three-year high in range-bound trading on Thursday, with investors waiting for the U.S. nonfarm payrolls report to see if the economy is gaining momentum.
Japan’s Nikkie dipped 0.19% and Hong Kong'Hang Seng Index slipped 0.01%. In contrast, Shanghai Composite Index gained 0.2%, whereas Straits Times Index is up 0.4%, respectively.
Japan’s Nikkie dipped 0.19% and Hong Kong'Hang Seng Index slipped 0.01%. In contrast, Shanghai Composite Index gained 0.2%, whereas Straits Times Index is up 0.4%, respectively.
Rupee
The rupee is trading at 59.6 against the US dollar, its highest level in more than two weeks on the back of heavy dollar sales by custodian banks along with some corporate dollar inflows.
Sectors & Stocks
CNX Pharma index is leading the rally, up 1.5% followed by CNX Auto, CNX FMCG AND CNX IT indices up between 0.2-0.5%. In contrast, CNX Realty and CNX Energy indices lost sheen and are down between 0.5-1%.
Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories continue their rally and are trading higher by 4% ech on the NSE after USFDA granted approval to Ranbaxy's subsidiary Ohm Laboratories to manufacture and sell generic Diovan in the US.
Cipla and Lupin added 1%, each. On the other hand Dr. Reddy is down 0.1%
The Auto shares are trading mixed. Tata Motors and M&M are up between 0.8%-2%, whereas Bajaj Auto is down 2.4%
Metal shares continue the run with Sesa Sterlite and Coal India gaining 1.3% and 1.6%, each
Oil & Gas shares are dwindling in red. Reliance, GAIL, ONGC and BPCL lost between 0.05-0.8%
The capital goods stocks are trading in the positive zone, with BHEL up 0.2%.
Larsen & Toubro Construction secured a major contract worth Rs 2442 crore from Bharat Sanchar Nigam, the project implementation agency for the Ministry of Defence and is up 0.15%.
The technology shares are trading in green barring Infosys. TCS and Wipro have surged 0.8%, each
Moreover, scrips of financial companies have gained on renewed buying. HDFC twins, ICICI Bank, Kotak Bank, SBI and PNB have gained between 0.3-0.8%.
The power space is witnessing losses with NTPC and Tata Power down over 1%, each
Apollo Tyres has rallied over 6% to Rs 217, also its new high, in early morning deals on NSE after the company said its board has approved a proposal to invest $340 million (around Rs 2,025 crore) to upgrade its manufacturing facilities at Chennai and Kalamassery (Kerala).
Eicher Motors, manufacturer of Royal Enfield motorcycle, has soared 10% to Rs 8,999 after reporting a robust 83% year-on-year (y-o-y) growth in total motorcycles sales at 25,303 units in June 2014.
Shares of Tech Mahindra soared 2.2% on the NSE on signing a joint venture agreement with Midad Holdings, a subsidiary of Al Fozan, Kingdom of Saudi Arabia.