Markets open in the green
Chandrakant / 24 Jan 2012
The Indian markets opened on a positive note after having volatile trading yesterday. Investors are keenly awaiting RBI’s meeting on the credit policy today. The Sensex and Nifty are both trading up, with gains of 0.24% and 0.17% respectively.
All the Asian markets are trading in the green zone on expectations that a Greek debt deal will still be reached even after the European Finance Minister’s rejection of an offer extended by Greek creditors.
The European markets closed on a positive note yesterday after a report that France and Germany are seeking some relaxation of rules on banks' capital to prevent a credit crunch.
|
Benchmark Indices | ||
|
Index |
Rate |
% Change |
|
Hang Seng |
20,110.37 |
0.83 |
|
Nikkei |
8,784.57 |
0.21 |
|
Shanghai |
2,319.12 |
0.00 |
|
Sensex |
16,796.20 |
0.24 |
|
Nifty |
5,054.45 |
0.17 |
Of the BSE sectoral indices, Oil & Gas, Consumer Durables and Consumer Goods are leading with gains of 1.1%, 0.84% and 0.83% respectively. Other indices such as Pharma, Teck, FMCG, IT and Power are up between 0.42%-0.01% each. All others are marginally down between 0.03%-0.91%.
Among the Sensex shares, Bharti Airtel, Cipla, HDFC, L&T, ONGC and RIL Steel are leading with gains between 0.5%-1.25%. Other gainers, HUL, Infosys, ITC, TCS and Wipro, are up with marginal gains between 0.1-0.6%. All other stocks are down between 0.27-1.82%.
The market breadth, which indicates the overall health of the market, is positive. On the BSE, 932 shares rose and 837 shares fell. 102 shares remained unchanged.
We expect the markets to remain volatile for the day. The RBI may cut the CRR in its credit policy meet today, in the need to revive growth. We also expect the European markets to provide some vital cues on the desired direction of the market trend in the late afternoon session.
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.