The markets are still trading in green but are off day's high after touching some new levels. Cues from Asia were encouraging with most of the Asia is in green. But Europe has opened flat to negative. Strength is coming in from all quarters and the breadth is looking very smart.
Metals, L&T, SBI have pushed the markets to new highs.
Sensex is up around 400 points and Nifty is up over 100 points. Apart from the Sensex even the midcap and smallcap indices have hit anew high.
At 14.12 hrs IST, the Sensex is up 410.30 points or 2.19% at 19181.19, and the Nifty up 116.55 points or 2.09% at 5685.50.
About 1872 shares have advanced, 1089 shares declined, and 96 shares are unchanged.
L&T has surged up 12% with its strong Q2 numbers, its net profit up 73% at Rs 348 crore. This has taken the BSE Capital goods index up 5%
SBI is up over 5%, followed by BHEL and M&M up over 3%.
Heavy buying seen in capital goods, metals, oil & gas and realty stocks. All the key BSE indices were trading in green. BSE Metal index is up over 2.5%. Market breadth was positive and the volume was also impressive. On the macroeconomic front, inflation came in at 3.07% same as the previous week.
Top gainers on the indices were Reliance, L&T, Hindalco, GAIL, HDFC, Reliance Energy, Sterlite Ind, Siemens, ACC, ITC.
Reliance Energy, Reliance Petroleum, Maytas Infrastructure were the most active stocks on the BSE.
Mkts in momentum; cap good stocks flying high
The bulls have got more heady and have surged to make new records. Sebi's decision on P Notes seems to have gone well with the markets. Cues from Asia were encouraging with most of the Asia is in green. Strength is coming in from all quarters and the breadth is looking very smart.
Sensex is up nearly 500 points and has hit a new high crossing the previous high of 19,999. Metals, L&T, SBI have pushed the markets to new highs. Sensex is up 450 points and Nifty is up 130 points. Apart from the Sensex even the midcap and smallcap indices have hit anew high.
At 1.05 hrs IST, the Sensex is up 501.98 points or 2.67% at 19272.87, and the Nifty up 132.90 points or 2.39% at 5701.85.
About 1961 shares have advanced, 1004 shares declined, and 92 shares are unchanged.
BSE Metal index is up 4%, Sterlite Ind is up 6% and Tata Steel up 3%.
L&T has surged up 12% with its strong Q2 numbers, its net profit up 73% at Rs 348 crore. This has taken the BSE Capital goods index up 5%
Heavy buying seen in capital goods, metals, oil & gas and realty stocks. All the key BSE indices were trading in green. Market breadth was positive and the volume was also impressive. On the macroeconomic front, inflation came in at 3.07% same as the previous week.
Top gainers on the indices were Reliance, L&T, SBI, Hindalco, GAIL, HDFC, Reliance Energy, Sterlite Ind, Siemens, ACC, ITC.
Reliance Energy, Reliance Petroleum, Maytas Infrastructure were the most active stocks on the BSE.
Bulls take charge: Sensex, CNX midcap hit all time high
The markets have gained further ground and have moved upwards trading at new all time high. Sebi's decision on P Notes seems to have gone well with the markets. Strength is coming in from all quarters. Sensex is up over 450 points has hit a new high crossing the previous high of 19,999. Metals, L&T, SBI have pushed the markets to new highs. Sensex is up 450 points and Nifty is up 120 points.
Cues from Asia were encouraging with most of the Asia is in green.
At 12.03 hrs IST, the Sensex is up 420.26 points or 2.24% at 19191.15, and the Nifty up 125.40 points or 2.25% at 5694.35.
About 2063 shares have advanced, 905 shares declined, and 89 shares are unchanged.
Apart from the Sensex even the midcap and smallcap indices have hit anew high.
BSE Metal index is up 4%, Sterlite Ind is up 6% and Tata Steel up 3%.
L&T has surged up 8% with its strong Q2 numbers, its net profit up 73% at Rs 348 crore. This has taken the BSE Capital goods index up 5%
Heavy buying seen in capital goods, metals, oil & gas and realty stocks. All the key BSE indices were trading in green. Market breadth was positive and the volume was also impressive. On the macroeconomic front, inflation came in at 3.07% same as the previous week.
Top gainers on the indices were Reliance, L&T, SBI, Hindalco, GAIL, HDFC, Reliance Energy, Sterlite Ind, Siemens, ACC, ITC.
Reliance Energy, Reliance Petroleum, Maytas Infrastructure were the most active stocks on the BSE.
Sensex hits 19K again after initial setback
The markets have surged and the Sensex hit 19K level once again after initial setback in the early trade today on account of heavy buying seen in capital goods, metals, oil & gas and realty stocks. All the key BSE indices were trading in green. Market breadth was positive and the volume was also impressive.
At 10.29 hrs IST, the Sensex is up 241.82 points or 1.29% at 19012.71, and the Nifty up 91.05 points or 1.63% at 5660. About 2021 shares have advanced, 955 shares declined, and 80 shares are unchanged.
On NSE advance decline ratio was 4:1 with over 800 stocks on the advancing side and around 200 stocks on the downs side. Rupee was trading at 39.54 against a dollar.
Midcap and smallcap indices were outperforming the Sensex toda. BSE Midcap was up 1.96% at 7902.50 and smallcap was up 1.78% at 9532.60.
Top gainers on the Sensex are Reliance Energy at Rs 1,701 up 3.12%, Tata Steel at Rs 1,017.05 up 2.85% and ACC at Rs 1,090 up 2.71%.
Top losers on the Sensex are Dr Reddys Labs at Rs 606.90 down 1.25%, HUL at Rs 219 down 0.68% and Wipro at Rs 494.70 down 0.33%.
Reliance Energy, Reliance Petroleum, Maytas Infrastructure were the most active stocks on the BSE.
Markets open flat; cap good, power stocks firm
The markets opened on flat note today after Sebi's decision on P-notes. Power, capital goods and oil & gas stocks were firm in the early trade today, however banking stocks were little subdued.
At 9:56 am, Sensex was up 52 points at 18823 and Nifty was up 28 points at 5592. Gainers in the opening trade were Rel Energy, Rel Petroleum, ONGC, BHEL, Cipla, L&T, ACC, GAIL, Hero Hoda. ICICI Bank, HUL, Tata Motors, Tata Steel were among the losers.
Asian markets were trading higher. Hong Kong's Hang Seng advanced 0.63% or 188.29 points at 30,042.78, Japan's Nikkei gained 0.61% or 99.71 points at 16,383.88, Taiwan's Taiwan Weighted rose 0.45% or 43.13 points at 9,611.39, Singapore's Straits Times surged 0.87% or 32.14 points at 3,739.28 and South Korea's Seoul Composite was up 1.29% or 25.43 points at 2,002.18.
US markets: The Dow slipped 3.33 points, or 0.02%, to 13,671.92. The standard & poor's 500 index lost 1.48 points, or 0.10%, to 1,514.40, while the Nasdaq composite Index lost 23.90 points, or 0.86%, to 2,750.86.
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