Business Standard

Nifty holds above 6200

ICICI Bank, Reliance, L&T, Bharti Airtel and Hindalco are the top Sensex gainers while TCS, ITC, HDFC Bank, Bajaj Auto and Wipro are the laggards.

SI Reporter Mumbai
After opening flat frontline stocks inched higher on Tuesday amid tepid global cues. The 30-share BSE Sensex is currently trading 47 points higher at 20898 levels while Nifty is up 10 points at 6202.  

Broader markets are outperforming benchmark indices on Tuesday as mid-cap and small cap indices on the BSE are trading higher by 0.4-0.7%.

ICICI Bank, Reliance, L&T, Bharti Airtel and Hindalco are the top Sensex gainers while TCS, ITC, HDFC Bank, Bajaj Auto and Wipro are the laggards.

Realty, up 1.2%, is leading the gains in sectors followed by cap goods, metals, oil & gas, bankex and auto. FMCG, IT are trading marginally lower

Market breath remaind positive as 1034 stocks were seen advancing against a decline seen in 622

Investors will keep an eye on minutes of the Fed's two-day meeting next week, including Bernanke's speech.

The partially convertible India rupee is currently trading at 62.27-a-dollar up Rs 0.14 from its previous close.

BSE metals index is the top gainer in sectors. Jindal Steel up 1.14%, Hindalco up 1% and Sesa Sterlite which is 0.6 pct were the top gainers from the pack.

BSE realty index is up 0.5%; IndiaBulls Real Estate up 2.7% and Unitech which is up 1.5% are the top gainers on the index.

Suzlon Energy is the top gainer in the BSE capital goods index which is among leading sectors on the BSE.

Overnight, in US, the S&P 500 and the Nasdaq ended lower on Monday while the Dow failed to close above its milestone level of 16,000 as stocks sold off late in the session following Carl Icahn's cautious comments on the equities market.

The Dow and the S&P 500 retreated from record levels with less than an hour to go in Monday's session. The Nasdaq, which had been down slightly for most of the day, fell 1.1% to a session low.

The Dow Jones industrial average rose 0.09%, to end at 15,976. The Standard & Poor's 500 Index slipped 0.37%, to finish at 1,791. The Nasdaq Composite Index slid 0.93%, to end at 3,950.

Asian shares slipped back from a two-week high on Tuesday after the previous session's hefty gains on China's economic reform plans, while the dollar was on the defensive on expectations the Federal Reserve will keep its stimulus a little longer.

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1%, giving up some of Monday's 1.4% rally driven by sharp jump in Chinese stocks.

China's CSI300 Index surged 3.3% on Monday, its biggest one-day rise in two months, to hit a four-week peak.

Other stocks

FTIL rises 8.4 percent. Jignesh Shah-promoted Financial Technologies (FTIL) announced on Tuesday that it would be selling off its entire stake in Singapore Mercantile Exchange, a wholly owned subsidiary based out of Singapore.

Suzlon Energy is the top gainer in BSE capital goods index, up 3.3%
 
 

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First Published: Nov 19 2013 | 10:43 AM IST

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