9:48 AM - The markets opened sharply higher today tracking positive global cues. The Asian markets are however trading in a mixed fashion after European officials said they may help Greece which is facing budget deficit. This has eased some concern of slow down the global economic recovery. The Nikkei 225 index advanced with the industrial manufacturers stocks surged after a government report showed the country's machinery orders climbed from a record low. However the markets suddenly lost momentum and slipped into negative territory as investors are leaving not a single chance to book their profit at every higher level. The broader markets stocks continued to outperform the benchmark index with both the BSE Mid Cap and the BSE Small Cap index are trading with gains of more than 0.5 per cent. The Consumer Durables, Realty, Metal and Auto stocks are trading with smart gains. While select Pharma, Power and Capital Gods stocks are trading down.

At 09.30 IST, the BSE Sensex is trading down by 22.25 points or (0.14 per cent) at 16,019.93 and the NSE Nifty is trading lower by 8.20 points or (0.17 per cent) at 4,784.45.

The BSE Mid Cap is trading up by 32 points or (0.50 per cent) at 6,490.91 and the BSE Small Cap is trading up by 60.85 points or (0.74 per cent) to 8,288.19.

Jai Prakash Associate reported the top gainer from the BSE Sensex pack, as it is now trading higher by (1.49 per cent) at Rs. 129.45 while Tata Power reported the top loser trading down by (1.01 per cent) at Rs. 1,284.20.

The Overall market breadth is positive as 1340 stocks are advancing while 448 stocks are declining and the 39 stocks remained unchanged on BSE.

The U.S. market ended higher on Tuesday amid reports of an aid plan for heavily indebted Greece. Meanwhile, the Dow posted its largest one-day percentage gain since 9th November. The weak greenback also contributed to the upward ... » Send to friends

9:09 AM - The FIIs on Tuesday stood as net sellers in equity and net buyers in debt. Gross equity purchased stood at Rs 1,741.80 Crore and gross debt purchased stood at Rs 1,623.60 Crore, while the gross equity sold stood at Rs 2,548.30 Crore and gross debt sold stood at Rs 311.60 Crore. Therefore, the net investment of equity and debt reported were Rs (806.50) Crore and Rs 1,312.00 Crore respectively. » Send to friends

9:08 AM - Today domestic markets are likely to open positive as majority of Asian markets are trading in green. The buying momentum across Asia is backed by the positive news from European officials, who said they may help Greece grapple with its budget deficit, easing concern a sovereign default will cripple the region's economic recovery. Metal and Commodity stocks are in the limelight today as Melbourne-based BHP Billiton Ltd., the world's biggest mining company, today said six-month earnings more than doubled and that it expects "strong growth" in commodity demand. Japan's Nikkei is trading higher by 1.04 per cent. The reviving news in Europe after positive comments from European officials has helped Japanese markets at broader level for the first time in five days. Nippon Yusen K.K., Japan's largest shipping line, surged 2.8 per cent on renewed confidence that global economic growth will boost transport demand. Toshiba climbed 2.9 per cent to 431 yen as the company revived a plan to spend 800 billion yen ($8.89 billion) over three years on building a flash memory plant. In China, Shanghai Composite is trading higher by 0.50 per cent whereas, Hang Seng is down by 0.38 per cent respectively. China's automakers have reported January auto sales of 1.66 million units, double than a year earlier. On Tuesday, the U.S. markets closed firmly higher on the back of encouraging news from Europe and also Dollar depreciated by 0.7 per cent as against other currencies. In the domestic arena, the markets are likely to trade positive today as there is immense euphoria across Asian markets on the easing concerns of European nations' fiscal deficit problem. Metal and Commodity stocks might be the charm of the day's trading as metal prices have surged remarkably across globe. The London Metals Index, a measure of six metals including copper and aluminum, surged 2.3 per cent yesterday, the biggest gain since Jan. 6.

On Tuesday, domestic market witnessed broad based buying sentiment and ther » Send to friends

9:08 AM - On Tuesday, the U.S. market ended higher on reports of an aid plan for heavily indebted Greece. There was an optimism that help was on the way for Greece to deal with its heavy debt burden. Meanwhile, the Dow posted its largest one-day percentage gain since 9th November. The weakened greenback also contributed to the upward journey, as the euro rallied amid speculation of Greece bailout. The dollar index fell 0.7 per cent and dropped below the 80 mark. Decline in the dollar also lifted prices of oil and gold that led rise in shares of commodity-related companies. Besides, industrial shares reported rise after Morgan Stanley raised its rating on the sector, saying share prices should get closer to an improving business environment. However, concern for rising debt in Greece and some other euro zone countries had exhausted confidence in recent weeks

The Dow Jones Industrial Average (DJIA) advanced 150.25 points at 10,058.64, NASDAQ index ended higher by 24.82 points to 2,150.87 and the S&P 500 (SPX) closed with gains of 13.78 points at 1,070.52.

On the corporate front, shares of Coca-Cola Co advanced 2.6 per cent after the soft-drink company reported results.

Shares of Walt Disney Co gained 2.8 per cent after the company reported earnings that beat expectations.

Shares of Caterpillar gained 5.4 per cent, as Morgan Stanley upgraded the company.

The US light crude oil futures for March delivery ended 2.6 per cent higher at $73.75 per barrel, on the New York Mercantile Exchange. Crude oil futures rose, as the dollar fell against the euro on reports of an aid plan for heavily indebted Greece.

Gold futures for the month of April delivery closed the session 1 per cent up at $1,077 per ounce on the New York Mercantile Exchange range. Gold futures went up following the rally of stocks and talk of a German plan to rescue Greece. » Send to friends