The Indian equity markets came off the highs of the
day and shifted in to red territory amid alternate bouts of buying and
selling in front line stocks. The Nifty was hovering just around its
previous closing value on thin trade, while Sensex was down 3.17 points.
Investors were trading cautiously as there are no prominent triggers to
warrant any strong buying. On sectoral front capital goods, consumer
durables and information technology stocks were attracting attention.
Power, oil, IT and healthcare stocks were mostly trading flat. Realty
stocks are quite subdued. Bank stocks were trading weak. However, shares
of Anil Dhirubhai Ambani Group companies and those of Mukesh Ambani's
firms were finding good support today amid talks of a pacth-up between
the Ambani brothers. On the global front, markets in the Asia-Pacific
region markets were trading in red. Back home, the market breadth
favoring the positive trend; there were 1,220 shares on the gaining side
against 987 shares on the losing side while 121 shares remained
unchanged.
The BSE Sensex is currently trading at 15,967.58, down by 3.17 points or 0.02%. The index has a touched a high and low of 16,049.12 and 15,928.92 respectively. There were 14 stocks advancing against only 16 declines on the index.
The broader indices also pared early gains; the BSE Mid cap and Small cap indices surged 0.10% and 0.24% respectively.
The top gaining sectoral indices on the BSE were, Capital goods up by 0.66%, Consumer Durables up by 0.26%, IT up by 0.17%, HC up by 0.16%, and TECk up by 0.15%. While, Bankex down 0.57%, PSU down by 0.37%, Realty down by 0.23%, Auto down by 0.18% and Metal down 0.13% were the top losers on the index.
The top gainers on the Sensex were Tata Power up by 1.92%, L&T up by 1.48%, Wipro up by 0.86%, M&M up by 0.74% and Jindal Steel up by 0.59%. On the flip side, Tata Motors down by 1.29%, JP Associates down 1.18%, Cipla down 1.14%, Tata Steel down 0.95% and Coal India down 0.92% were the top loser on the Sensex.
Meanwhile, India's mineral production climbed 10.54% higher in the month of October 2011 as compared to the preceding month according to the data released by ministry of mines. However, the data also showed that mining sector activity measured by the index of mineral production, registered negative growth of 7.19% during October as compared to that of the corresponding month of 2010. The recent decline in iron ore and coal production owing to ban in some key mining areas has become a major issue with mining ministry and companies.
Out of the six minerals which together contributed about 96% of the total value of mineral production in October 2011, the petroleum (crude) remained the highest contributor at Rs 5,806 crore which is 40% of Rs 14,555 crore, the total value of mineral production (excluding atomic & minor minerals) during October 2011. Coal production was next in the order of importance with a value of Rs 3,748 crore, which is around 26% of the total value followed by Iron Ore which contributed Rs 2,321 core, around 16% of the total value. Natural gas (utilized), Lignite and Limestone contributed Rs 1,472 core, Rs 288 core and Rs 276 crore respectively which is around 10%, 2% and 2% of the total value correspondingly.
The output of chromite increased by 47.18%, magnesite 34.90%, coal 33.88%, limestone 5.90%, manganese ore 5.20%, petroleum (crude) 3.21%, natural gas (utilized) 1.37 percent in October 2011. The production of lignite remains at the level of previous month. However, the production of iron ore decreased by 1.24%, dolomite 2.17%, copper conc. 2.48%, lead conc. 2.61%, zinc conc. 2.71%, apatite & phosphorite 9.80%, bauxite 11.06%, diamond 28.14% and gold 29.25 percent.
The S&P CNX Nifty is currently trading at 4,778.85, down by 0.15 points. The index has touched a high and low of 4,800.50 and 4,765.35 respectively. There were 27 stocks advancing against 23 declines on the index.
Asian equity indices were trading in the red; Shanghai Composite down by 0.52%, Jakarta Composite was down 0.84%, Nikkei 225 was down 0.42%, Straits Times was down by 0.03%, Seoul Composite was down by 0.62% and Taiwan Weighted was down by 0.11%.
The BSE Sensex is currently trading at 15,967.58, down by 3.17 points or 0.02%. The index has a touched a high and low of 16,049.12 and 15,928.92 respectively. There were 14 stocks advancing against only 16 declines on the index.
The broader indices also pared early gains; the BSE Mid cap and Small cap indices surged 0.10% and 0.24% respectively.
The top gaining sectoral indices on the BSE were, Capital goods up by 0.66%, Consumer Durables up by 0.26%, IT up by 0.17%, HC up by 0.16%, and TECk up by 0.15%. While, Bankex down 0.57%, PSU down by 0.37%, Realty down by 0.23%, Auto down by 0.18% and Metal down 0.13% were the top losers on the index.
The top gainers on the Sensex were Tata Power up by 1.92%, L&T up by 1.48%, Wipro up by 0.86%, M&M up by 0.74% and Jindal Steel up by 0.59%. On the flip side, Tata Motors down by 1.29%, JP Associates down 1.18%, Cipla down 1.14%, Tata Steel down 0.95% and Coal India down 0.92% were the top loser on the Sensex.
Meanwhile, India's mineral production climbed 10.54% higher in the month of October 2011 as compared to the preceding month according to the data released by ministry of mines. However, the data also showed that mining sector activity measured by the index of mineral production, registered negative growth of 7.19% during October as compared to that of the corresponding month of 2010. The recent decline in iron ore and coal production owing to ban in some key mining areas has become a major issue with mining ministry and companies.
Out of the six minerals which together contributed about 96% of the total value of mineral production in October 2011, the petroleum (crude) remained the highest contributor at Rs 5,806 crore which is 40% of Rs 14,555 crore, the total value of mineral production (excluding atomic & minor minerals) during October 2011. Coal production was next in the order of importance with a value of Rs 3,748 crore, which is around 26% of the total value followed by Iron Ore which contributed Rs 2,321 core, around 16% of the total value. Natural gas (utilized), Lignite and Limestone contributed Rs 1,472 core, Rs 288 core and Rs 276 crore respectively which is around 10%, 2% and 2% of the total value correspondingly.
The output of chromite increased by 47.18%, magnesite 34.90%, coal 33.88%, limestone 5.90%, manganese ore 5.20%, petroleum (crude) 3.21%, natural gas (utilized) 1.37 percent in October 2011. The production of lignite remains at the level of previous month. However, the production of iron ore decreased by 1.24%, dolomite 2.17%, copper conc. 2.48%, lead conc. 2.61%, zinc conc. 2.71%, apatite & phosphorite 9.80%, bauxite 11.06%, diamond 28.14% and gold 29.25 percent.
The S&P CNX Nifty is currently trading at 4,778.85, down by 0.15 points. The index has touched a high and low of 4,800.50 and 4,765.35 respectively. There were 27 stocks advancing against 23 declines on the index.
The
top gainers of the Nifty were RCOM up by 3.74%, Reliance Infra up by
2.29%, Tata Power up by 2.21%, Ambuja Cement up by 1.91% and Ranbaxy up
by 1.56%.
On the flip side, Tata Motors down by 1.63%, IDFC
down by 1.40%, Axis Bank down 1.36%, Powergrid down 1.34% and Kotak Bank
down by 1.32% remained the top losers on the index. Asian equity indices were trading in the red; Shanghai Composite down by 0.52%, Jakarta Composite was down 0.84%, Nikkei 225 was down 0.42%, Straits Times was down by 0.03%, Seoul Composite was down by 0.62% and Taiwan Weighted was down by 0.11%.
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