Markets remain firm
BSE Oil & Gas and PSU indices have surged by 3% each
Benchmark Indices are higher led by buying demand among Oil & Gas, PSU, Banking and Capital Goods shares. However, selling among IT and Auto sectors have capped the upside movement.
By 1240, the Sensex was up 105 points at 20,068 and the Nifty gained 29 points to 6,068.
On the global front, Asian stocks rose for the first time in three days, with the regional benchmark index erasing its weekly loss on global growth recovery optimism.
Hong Kong’s Hang Seng rose 1% to 23,552, Taiwan’s Weighted index gained1% to 7,713, Singapore’s Straits Times was up 0.34% to 3,304 while China’s Shanghai Composite added 1% to 2,306 and Japan’s Nikkei gained 2.3% to 10,855.
Back home, BSE Oil & Gas and PSU indices have surged by 3% each. However, BSE TECk, IT and Auto indices have declined by nearly 1% each.
OMCs have surged after government partially deregulated diesel prices yesterday.
Among key Sensex stocks, Wipro fell 4.6% while dropped 0.5%, Bharti Airtel declined 1.65, Dr Reddy’s and SunPharma dropped 1%, Hero MotoCorp fell 4% while Mahindra & Mahindra and Tata Motors were down 2% and 0.3% on BSE.
ONGC surged 8%, OMCs namely Bharat Petroleum Corporation, Hindustan Petroleum Corp and Indian Oil Corp jumped between 7-11% on BSE.
For more visit: Business Standard
Search Our Archives
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
- NIZ sir activated currency trading with my...In Intraday calls for 19-12-14
- Sham hi cb sir, have mail you please reply....In Intraday calls for 19-12-14
- Suriya Hi cb Wt about aurobindo pharma may...In Intraday calls for 19-12-14
- minu sir, pls. let me know about rel infra....In Intraday calls for 19-12-14
- Ezhil Hi CB, Please let me know next wee...In Intraday calls for 19-12-14
- abhinandan Bangalore Gud evening cb sir. . Itook hdil at 69...In Intraday calls for 19-12-14
- Shiuli HI CB SIR I HAVE BOUGHT KOTAK BANK 122...In Intraday calls for 19-12-14
- Sk Hi cb sir, monday Pfc target and sl?...In Intraday calls for 19-12-14
- Abhijit hi sir , can unitech test above 17 nex...In Intraday calls for 19-12-14
- rajasekar Hi CB, sir, i m not holding these i as...In Intraday calls for 19-12-14