Markets Trading Higher
Vidrum / 30 Apr 2012
As expected in our morning update, the Indian markets opened in the positive territory today. At present, both the indices are trading higher, with the Sensex up by 120 points at 17307 and Nifty up by 38 points at 5209.
As mentioned in our morning update, the Indian markets opened in the positive territory today. At present, both the indices are trading higher, with the Sensex up by 120 points at 17307 and Nifty up by 38 points at 5209. Of the sectors, Realty, IT, Teck and Bankex are trading higher by more than 1% each, while Auto is the only index that is trading lower by 0.50%.
The other Asian markets are trading in a mixed bag, with Hang Seng higher by 1.12% and Shanghai trading lower by 0.35%. The Hang Seng is trading higher on the back of speculations that the corporate earnings will beat the estimates of the streets, coupled with improved confidence among South Korean manufacturers. There are also speculations that Australia’s central bank will cut interest rates in their meet tomorrow.
Back home, Realty heavyweight, DLF, is the leading index gainer, trading higher by 2.03% at Rs 185.85. After being beaten down heavily in the past couple of weeks, the IT majors are trading higher as investors are seeing a buying opportunity in them. TCS and Infosys are trading higher by 1.99% and 1.68% respectively. ICICI Bank is also trading up by 1.43% to Rs 881.35 after the bank posted robust financial numbers for the Mar quarter of 2012. The Metals pack is also shining, as stocks like Sterlite Industries and Hindalco are trading higher by almost 1% each. Other stocks like ITC, Sun Pharma, HDFC, Hero MotoCorp, etc. are trading marginally in the green zone.
On the other hand, BHEL is the leading index loser, down 2.05% to Rs 224.65. Most of the Auto stocks are trading lower, with Maruti Suzuki, Mahindra & Mahindra, Bajaj Auto, etc. down in the range of 1%-2%. Other stocks like Jindal Steel, Wipro and Sun Pharma are trading marginally in the red zone.
India Cements is trading 0.65% higher at Rs 85.80 following media reports that the company is set to invest Rs 750 crore in expanding its Tamil Nadu unit. Redington India is trading marginally higher by 0.17% at Rs 89.05 after 0.14% of its equity changed hands in a bulk deal today on the BSE.
The market breadth, which indicates the overall health of the market, is strong. On the BSE, 1347 shares rose and 792 shares declined. 79 shares remained unchanged.
We expect the markets to remain volatile for the day.
| Benchmark Indices | ||
|---|---|---|
| Index | Rate | % Change |
| Hang Seng | 20974.46 | 1.12 |
| Nikkei | 9520.89 | - |
| Shanghai | 2396.32 | -0.35 |
| SENSEX | 17307.41 | 0.70 |
| NIFTY | 5246.5 | 0.72 |
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.