Indian equities were trading firm in the late morning
session on hopes of FDI in retail being pushed through in Parliament
later in the day, and also on firm Asian cues. The traders were seen
piling up position in Metal, Realty and Capital Goods sector, while
selling was being seen in IT, and TECk sector. In the scrip specific
development, Aviation stock such as Jet Air India, Spice jet, Kingfisher
Airlines edged higher as Civil Aviation Minister Ajit Singh stated that
he has urged the petroleum minister to bring in more transparency in
fixing aviation turbine fuel (ATF) rates. Banking sector were trading in
green despite the global rating agency Moody's stating that the
country's stressed banking system continued to have a negative outlook
and that the burgeoning fiscal and current account deficits were a
matter of concern. The NSE Nifty and BSE Sensex were managing to hold
their psychological 5,900 and 19300 levels respectively. The market
breadth on BSE was positive, in the ratio of 1487:771.
The BSE Sensex is currently trading at 19398.06 up by 49.94 points or 0.26% after trading in a range of 19463.25 and 19375.58. There were 22 stocks advancing against 8 declines on the index.
The broader indices were trading in green; the BSE Mid cap index was up by 0.49% and Small cap index was up by 0.72%.
The top gaining sectoral indices on the BSE were, Metal up by 1.58%, Realty up by 1.18%, Capital Goods up by 0.87%, Auto up by 0.67% and Bankex was up by 0.62%, while IT down by 1.24% and TECk down by 1.02% were the only losers on the BSE.
The top gainers on the Sensex were Sterlite Inds up by 3.32%, Tata Steel up by 2.26%, Tata Motors was up by 2.23%, Hindalco up by 2.22% and HDFC Bank up by 1.17%.
On the flip side, Wipro down by 1.83%, Tata Power down by 1.74%, Infosys down by 1.56%, Bharti Airtel down by 1.20%, and TCS down by 0.57% were the top losers on the Sensex.
Meanwhile, giving a sigh of relief to the aviation sector, civil aviation minister Ajit Singh has said that the government has no plans to regulate airfares; government just intends to make the pricing mechanism more transparent.
The minister said that 'What we are trying to do is make the system for deciding the fares transparent. Public should know what is the bucket system and the range they have been given should be reasonable.'
The S&P CNX Nifty is currently trading at 5,902.55, up by 13.30 points or 0.23% after trading in a range of 5,917.80 and 5,902.55. There were 37 stocks advancing against 13 declines on the index.
The top gainers of the Nifty were Sesa Goa up by 3.22%, Tata Motors up by 2.23%, Tata Steel up by 2.22%, Hindalco up by 2.01%, and PNB was up by 1.37%.
On the flip side, Infosys down by 1.96%, Tata Power down by 1.79%, HCL Tech down by 1.74%, Wipro down by 1.70%, and Bharti Airtel down by 1.37%, were the top losers on the Nifty.
All the Asian markets were trading in green, Shanghai Composite was up by 3.01%, Hang Seng was up by 1.35%, Jakarta Composite gained 0.19%, KLSE Composite inched higher by 0.29%, Nikkei 225 was up by 0.16%, Seoul Composite was up by 0.40%, Straits Times was up by 0.40% and Taiwan Weighted gained 0.35%.
The BSE Sensex is currently trading at 19398.06 up by 49.94 points or 0.26% after trading in a range of 19463.25 and 19375.58. There were 22 stocks advancing against 8 declines on the index.
The broader indices were trading in green; the BSE Mid cap index was up by 0.49% and Small cap index was up by 0.72%.
The top gaining sectoral indices on the BSE were, Metal up by 1.58%, Realty up by 1.18%, Capital Goods up by 0.87%, Auto up by 0.67% and Bankex was up by 0.62%, while IT down by 1.24% and TECk down by 1.02% were the only losers on the BSE.
The top gainers on the Sensex were Sterlite Inds up by 3.32%, Tata Steel up by 2.26%, Tata Motors was up by 2.23%, Hindalco up by 2.22% and HDFC Bank up by 1.17%.
On the flip side, Wipro down by 1.83%, Tata Power down by 1.74%, Infosys down by 1.56%, Bharti Airtel down by 1.20%, and TCS down by 0.57% were the top losers on the Sensex.
Meanwhile, giving a sigh of relief to the aviation sector, civil aviation minister Ajit Singh has said that the government has no plans to regulate airfares; government just intends to make the pricing mechanism more transparent.
The minister said that 'What we are trying to do is make the system for deciding the fares transparent. Public should know what is the bucket system and the range they have been given should be reasonable.'
Civil
aviation minister after meeting with Petroleum and Natural Gas Minister
M Veerappa Moily, said on the issue of pricing of jet fuel by state oil
marketing firms, that he has urged the petroleum minister to bring in
more transparency in fixing aviation turbine fuel (ATF) rates. Singh
expressed that airfares are high mainly because of soaring ATF and
airport charges.
Further, Singh said that he has sought Moily's
intervention in allowing airlines to use airport infrastructure of state
oil companies for importing ATF and has asked to direct oil firms to
offer discounts on fuel purchases to state-run Air India. The S&P CNX Nifty is currently trading at 5,902.55, up by 13.30 points or 0.23% after trading in a range of 5,917.80 and 5,902.55. There were 37 stocks advancing against 13 declines on the index.
The top gainers of the Nifty were Sesa Goa up by 3.22%, Tata Motors up by 2.23%, Tata Steel up by 2.22%, Hindalco up by 2.01%, and PNB was up by 1.37%.
On the flip side, Infosys down by 1.96%, Tata Power down by 1.79%, HCL Tech down by 1.74%, Wipro down by 1.70%, and Bharti Airtel down by 1.37%, were the top losers on the Nifty.
All the Asian markets were trading in green, Shanghai Composite was up by 3.01%, Hang Seng was up by 1.35%, Jakarta Composite gained 0.19%, KLSE Composite inched higher by 0.29%, Nikkei 225 was up by 0.16%, Seoul Composite was up by 0.40%, Straits Times was up by 0.40% and Taiwan Weighted gained 0.35%.
No comments:
Post a Comment