Markets Open Trades Positive

DSIJ Intelligence / 22 Nov 2012

The Indian markets are currently trading higher, with the frontline indices Sensex and Nifty trading higher by 0.31% and 0.24% respectively. There could be some positive triggers from the winter session of Parliament which starts from today.

The Indian markets are currently trading higher, with the frontline indices Sensex and Nifty trading higher by 0.31% and 0.24% respectively. Markets participants are speculating that there could be some positive triggers from the winter session of Parliament which starts from today.

Among the sectoral indices, Realty, Bankex and Capital Goods are trading higher. The only sector currently in the negatives is Oil & Gas, down by 0.19%.

Benchmark Indices

Index

Rate

% Change

Hang Seng

21663

0.65

Nikkei

9328

1.14

Shanghai

2020

-0.53

SENSEX

18571

0.31

NIFTY

5628

0.24

In other markets, the Hang Seng and Nikkei are trading marginally higher by 0.65% and 1.14% respectively. The Shanghai market has given up its gains and is down by 0.53%. Reports say that China’s stocks fell following the benchmark index’s biggest gain in three weeks as speculation eased with regard to the central bank cutting the lenders’ reserve requirements.

Back home, SBI is the leading index gainer, up 1.18% at Rs 2085 per share. Auto stocks are trading positive, with the likes of Bajaj Auto, M&M and Maruti Suzuki trading higher in the range of 0.50%-0.80%. Other stocks like ICICI Bank, Hero MotoCorp, Cipla, ITC, etc. are marginally in the green.

Sun Pharma is the worst performing stock at this hour of trade, down 1.19% at Rs 691 per share. Tata group stocks like Tata Motors and Tata Power are trading down by 0.94% and 0.55% respectively. Index heavyweights like RIL and TCS have lost 0.46% and 0.45% respectively. Stocks like Dr Reddy’s Labs, Hindalco, Jindal Steel, etc. are in the red zone.

The market breadth, which indicates the overall health of the market, is strong. On the BSE, 1211 shares advanced, 836 shares declined and 108 shares remained unchanged.

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