Key benchmark indices edged higher in early trade on positive Asian stocks. The barometer index, the S&P BSE Sensex was currently up 195.21 points or 0.72% at 27,436.99. The market breadth indicating the overall health of the market was strong.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 39.97 crore on Friday, 26 December 2014, as per provisional data.
Asian stocks edged higher today, 29 December 2014 as the rally on Wall Street boosted risk appetite.
At 9:30 IST, the S&P BSE Sensex was up 195.21 points or 0.72% at 27,436.99. The index gained 265.47 points at the day's high of 27,507.25 in early trade. The index rose 24.71 points at the day's low of 27,266.49 in early trade.
The CNX Nifty was up 58.70 points or 0.72% at 8,259.40. The index hit a high of 8,279.15 in intraday trade. The index hit a low of 8,214.70 in intraday trade.
The market breadth indicating the overall health of the market was strong. On BSE, 1,151 shares gained and 335 shares fell. A total of 46 shares were unchanged.
The BSE Mid-Cap index was up 68.31 points or 0.68% at 10,184.16. The BSE Small-Cap index was up 52.49 points or 0.48% at 10,947.38. Both these indices underperformed the Sensex.
The total turnover on BSE amounted to Rs 213 crore by 09:25 IST.
All the 30 members of the Sensex pack were in the green. Sesa Sterlite (up 2.17%), ONGC (up 1.42%) and Hindustan Unilever (up 1.34%) edged higher from the Sensex pack.
Reliance Industries (RIL) rose 0.34%. RIL said before market hours today, 29 December 2014 that the company has scheduled a planned turnaround at its Nagothane manufacturing site. The cracker and some of the downstream units will be shut for approximately four weeks, starting around mid-January 2015, RIL said. This opportunity will be used to carry out routine maintenance activities and for implementing other profit improvement and energy conservation measures. RIL's crackers and other downstream units at other locations will continue at normal levels of operations. With advance planning and inventory management, impact on external sales is likely to be minimal, the company said.
Asian stocks edged higher today, 29 December 2014 as the rally on Wall Street boosted risk appetite. Key benchmark indices in Singapore, China, Taiwan, Hong Kong, Japan, Indonesia rose by 0.22% to 1.89%. South Korea's Seoul Composite fell 0.66%.
A new central bank regulation in China, as reported by media, will lead to savings held by lenders for non-deposit-taking financial institutions being classified as bank deposits without these holdings being subject to reserve requirements.
US stocks ended higher on Friday, 26 December 2014 with both the Dow Jones Industrial Average and S&P 500 indices closing at records in a broad rally, though trading was light with many market participants still out for the Christmas holiday.
Meanwhile, members of Greece's parliament will cast their ballots at noon in Athens with Samaras needing 180 votes in the 300-seat chamber to appoint his nominee, Stavros Dimas, as head of state. Failure to elect Dimas will lead to a general election in late January or early February, a few weeks before the nation's 240 billion euros ($292 billion) bailout expires.
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