The Indian equity markets came off day's high and currently shifting towards negative zone in the late morning session. The broader markets pared all its early gains and currently trading in negative. The BSE benchmark index had begun erasing its early gains, while Nifty hovering around 5,060 level. On the sectoral front information technology, oil and FMCG stocks leading the charge on sustained buying support. Select stocks from metal, healthcare, consumer durables and capital goods sectors too have posted smart gains. While power, bank, automobile and realty stocks continue to trade weak. Meanwhile, Coal India overtook Reliance Industries as the top company in terms of market capitalization. Coal India was trading up by 2.30% on the BSE. DLF extended losses as it was fined Rs 630 crore by CCI for abusing dominant position. On global front, Asian stock markets were trading the day on a mix note. Back home, the market breadth favoring negative trend; there were 962 shares on the gaining side against 1,119 shares on the losing side while 99 shares remained unchanged.
The BSE Sensex is currently trading at 16,866.78, up by 135.84 points or 0.81%. The index has touched a high and low of 17,000.38 and 16,748.36 respectively. There were 22 stocks advancing against 8 declines on the index.
The broader indices were trading lower; the BSE Mid cap index declined by 0.43% and Small cap index was down 0.76%.
The top gaining sectoral indices on the BSE were, IT up by 1.98%, TECk up by 1.40%, FMCG up by 1.39%, Oil& Gas up by 1.10% and CD up by 0.79%. Meanwhile, Realty down by 2.58%, Auto down by 1.30%, Bankex down 0.41% and Power down by 0.03% were the top losers.
The top gainers on the Sensex were HDFC up by 2.61%, TCS up by 2.34%, Wipro up by 2.22%, Hero Motors up by 2.17% and Sun Pharma up by 2.12%.
On the flip side, DLF down by 4.10%, Tata motors down by 3.14% Maruti Suzuki down by 2.58%, ICICI Bank down by 2.16% and M&M down by 1.46% were the top losers on the Sensex.
This increase in the FDI inflow has come at a time when the largest source of foreign investors such as European nations and United States are going through debt crisis.
The S&P CNX Nifty is currently trading at 5,063.65, higher by 27.85 points or 0.55%. The index has touched a high and low of 5 5,112.15 and 5,030.30 respectively. There were 35 stocks advancing against 15 declines on the index.
The top gainers of the Nifty were HDFC up by 2.84%, Sun Pharma up by 2.45%, TCS up by 2.15%, Grasim up by 2.14% and ONGC up by 2.12%.
On the flip side, DLF down by 4.16%, Tata motors down by 3.31%, Maruti Suzuki down by 2.86%, ICICI Bank down by 2.32% and RCom down by 2.26% were the major losers on the index.
The Asian equity indices were trading mixed; Hang Seng was up by 1.15%, KLSE Composite was up by 0.26%, Straits Times up by 0.61% and Seoul Composite was up by 0.89%.
On the flip side, Shanghai Composite down by 0.05%, Jakarta Composite was down by 0.17%, Nikkei 225 was down 0.49% and Taiwan Weighted down by 0.73% remained the losers among the Asian pack
The BSE Sensex is currently trading at 16,866.78, up by 135.84 points or 0.81%. The index has touched a high and low of 17,000.38 and 16,748.36 respectively. There were 22 stocks advancing against 8 declines on the index.
The broader indices were trading lower; the BSE Mid cap index declined by 0.43% and Small cap index was down 0.76%.
The top gaining sectoral indices on the BSE were, IT up by 1.98%, TECk up by 1.40%, FMCG up by 1.39%, Oil& Gas up by 1.10% and CD up by 0.79%. Meanwhile, Realty down by 2.58%, Auto down by 1.30%, Bankex down 0.41% and Power down by 0.03% were the top losers.
The top gainers on the Sensex were HDFC up by 2.61%, TCS up by 2.34%, Wipro up by 2.22%, Hero Motors up by 2.17% and Sun Pharma up by 2.12%.
On the flip side, DLF down by 4.10%, Tata motors down by 3.14% Maruti Suzuki down by 2.58%, ICICI Bank down by 2.16% and M&M down by 1.46% were the top losers on the Sensex.
Meanwhile, in the middle of global economic uncertainty, country's Foreign Direct Investment (FDI) surged by 53.8% in the first half of current calendar year. India's FDI surged by 53.8% to Rs 75,506 crore from Rs 49,099 crore in the same period of 2010, Minister of State for Finance Namo Narain Meena said.
Namo Narain Meena said that under the government approval route, FDI up to Rs 1,200 crore can be cleared by the finance minister on recommendations of Foreign Investment Promotion Board (FIPB). Investments above this limit are sent to the Cabinet Committee on Economic Affairs for approval. 'The benefit of automatic route is intended to dispense with the need of multiple approvals,' he added. This increase in the FDI inflow has come at a time when the largest source of foreign investors such as European nations and United States are going through debt crisis.
The S&P CNX Nifty is currently trading at 5,063.65, higher by 27.85 points or 0.55%. The index has touched a high and low of 5 5,112.15 and 5,030.30 respectively. There were 35 stocks advancing against 15 declines on the index.
The top gainers of the Nifty were HDFC up by 2.84%, Sun Pharma up by 2.45%, TCS up by 2.15%, Grasim up by 2.14% and ONGC up by 2.12%.
On the flip side, DLF down by 4.16%, Tata motors down by 3.31%, Maruti Suzuki down by 2.86%, ICICI Bank down by 2.32% and RCom down by 2.26% were the major losers on the index.
The Asian equity indices were trading mixed; Hang Seng was up by 1.15%, KLSE Composite was up by 0.26%, Straits Times up by 0.61% and Seoul Composite was up by 0.89%.
On the flip side, Shanghai Composite down by 0.05%, Jakarta Composite was down by 0.17%, Nikkei 225 was down 0.49% and Taiwan Weighted down by 0.73% remained the losers among the Asian pack
No comments:
Post a Comment