Markets continue to trade higher
Srujani Panda / 19 Oct 2011
The BSE Sensex opened over 100 points higher following positive global cues, good US economic data and rescue fund announcement from France and Germany. Market continued to traded higher indicating positive mood on the street. Indices from all sectors are trading higher, with Realty and Banking up by above 2%. Among the Asian indices, Nikkei and Hang Seng were trading in green while Shanghai composite was trading in red.
Hero Motorcorp which yesterday announced its July – September quarterly results, was the top gainer among the Sensex stocks. Its shares were up by 3.84% to Rs 76.15. Among the Auto space shares of Tata motors, Bajaj Auto and Mahindra and Mahindra rose by 3.04, 1.16 and 1.01% respectively. Maruti Suzuki was also up by 0.43%. Shares of DLF rose by 3%. Among the banking stocks SBI gained 2.18%, followed by HDFC bank by 2.15%, ICICI bank 2.01%. Jindal Steel rose by 1.53% after yesterday’s quarterly result. Among the IT stocks Wipro gained by 2.60%. Among the power stocks, NTPC and Tata power were trading higher. Share of Coal India were higher by 1.51%. Shares of TCS and Infosys were trading marginally higher. Hindustan Unilever was the only the Sensex stocks among losers, which declined by 0.38%.
On the sectoral front, Realty index was the top gainer which was up by 2.50% or 44.79 points to 1,837.23. Banking index was up by 2.22% on back of quarterly results of from some banks. FMCG and IT indices were trading up by 0.26 and 0.89% respectively, while all other indices were up by above 1%.
Petronet LNG was up by 2.23% as we expected in our morning commentary. Federal bank, Sun Pharma, Tech Mahindra, HCL Technologies, Patni Computers and IndusInd bank were trading in green as we wrote in our morning updates. Shares of GVK power and Infra were also up by 2.07%.
Shares of debutant Flexituff International were trading marginally higher while that of Taksheel solutions slipped down by 16 percent on their entry on the stock exchange.
The market breadth, indicating the overall health of the market, is positive. On BSE, 1987 shares advanced and 641 shares declined. A total of 80 shares remained unchanged.
In conclusion, we expect the markets to remain positive over the global cues. We will also update our readers about the quarterly results of Biocon, Crompton Graeves and Torrent pharma which will be announced today.
| Benchmark Indices | ||
| Index | Rate | % Change |
| Hang Seng | 18,361.59 | 1.58 |
| Nikkei | 8,765.59 | 0.27 |
| Shanghai | 2,381.08 | -0.10 |
| SENSEX | 17017.6 | 1.61 |
| NIFTY | 5119.3 | 1.62 |
Hero Motorcorp which yesterday announced its July – September quarterly results, was the top gainer among the Sensex stocks. Its shares were up by 3.84% to Rs 76.15. Among the Auto space shares of Tata motors, Bajaj Auto and Mahindra and Mahindra rose by 3.04, 1.16 and 1.01% respectively. Maruti Suzuki was also up by 0.43%. Shares of DLF rose by 3%. Among the banking stocks SBI gained 2.18%, followed by HDFC bank by 2.15%, ICICI bank 2.01%. Jindal Steel rose by 1.53% after yesterday’s quarterly result. Among the IT stocks Wipro gained by 2.60%. Among the power stocks, NTPC and Tata power were trading higher. Share of Coal India were higher by 1.51%. Shares of TCS and Infosys were trading marginally higher. Hindustan Unilever was the only the Sensex stocks among losers, which declined by 0.38%.
On the sectoral front, Realty index was the top gainer which was up by 2.50% or 44.79 points to 1,837.23. Banking index was up by 2.22% on back of quarterly results of from some banks. FMCG and IT indices were trading up by 0.26 and 0.89% respectively, while all other indices were up by above 1%.
Petronet LNG was up by 2.23% as we expected in our morning commentary. Federal bank, Sun Pharma, Tech Mahindra, HCL Technologies, Patni Computers and IndusInd bank were trading in green as we wrote in our morning updates. Shares of GVK power and Infra were also up by 2.07%.
Shares of debutant Flexituff International were trading marginally higher while that of Taksheel solutions slipped down by 16 percent on their entry on the stock exchange.
The market breadth, indicating the overall health of the market, is positive. On BSE, 1987 shares advanced and 641 shares declined. A total of 80 shares remained unchanged.
In conclusion, we expect the markets to remain positive over the global cues. We will also update our readers about the quarterly results of Biocon, Crompton Graeves and Torrent pharma which will be announced today.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.