2:48 PM - After a good trading session in the morning, on the back of strong global cues the frontline stocks are now oozing out early gains due to profit booking pressure at higher levels. The BSE (__^BSESN__) PSU index today leading the gainer's list as the index surged by over 3.55 per cent followed by Realty and Metal with the gain of 2.77 per cent and 1.85 per cent respectively. On the other hand, selling interest has emerged across FMCG and IT stocks as both the indices down by 1.05 per cent and 0.14 per cent respectively.

The overall market breadth is positive as 1,873 stocks are advancing while 766 stocks are declining in BSE.

Jaiprakash Associate reported the top gainer from the BSE Sensex pack, as it is now trading higher by (4.37 per cent) at Rs. 226.95 followed by Tata Power trading lower by (2.97 per cent) at Rs. 1,283.

At 2:30 PM BSE SENSEX was at 16,209.28 up by 145.38 points or by (0.91 per cent) and the NSE (__^NSEI__) Nifty was at 4816.55 up by 51 points or by 1.07 per cent.

The BSE MIDCAP was at 6,259.14 up by 143.70 points or by (2.35 per cent) and the BSE SMLCAP was at 7,162.97 up by 149.12 points or by (2.13 per cent).

BSE PSU index was at 8,763.93 up by 300.16 points or by (3.55 per cent) The main gainers were M M T C Ltd. up by (14.05 per cent) at Rs.34355, Rashtriya Chemicals & Fertiliz up by (12.67 per cent) at Rs.74.25, St Trad Corp up by (11.92 per cent) at Rs.345, Nmdc Ltd up by (10 per cent) at Rs.338.4, Hind.Copper up by (10 per cent) at Rs.256.35, The main losers were Bharat Elect down by (1.43 per cent) at Rs.1595.05, Mahanag Tele down by (0.07 per cent) at Rs.72.15,

BSE REALTY index was at 3,992.06 up by 107.56 points or by (2.77 per cent) The main gainers were Anant Raj In up by (9.31 per cent) at Rs.134.5, Housing Dev up by (5.49 per cent) at Rs.360.35, Phoenix Mill up by (5.37 per cent) at Rs.171.65, Orbitco up by (5 per cent) at Rs.266.9, Sobha Dev up by (3.8 per cent) at Rs.207.6,

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1:48 PM - After a robust opening, amid firm Asian markets and overnight surge in US stocks triggered by positive economic data in the US, the key benchmark Indices traded jittery as sellers stepped in for profit booking. It cut down earlier gains in early afternoon trade. The government cleared all profitable, listed state-run firms must have at least 10 per cent of their shares in public hands, and unlisted firms that had a positive net worth, no accumulated losses and a net profit over the past three years should list. Fund raised through this will be used for expansion and modernization of CPSEs and social sector programmes of the government.

On the sectoral front, out of 13 Indices, 11 indices advanced whereas 2 indices declined. Oil exploration stocks advanced as crude oil traded above $80 a barrel amid improved prospects for an economic recovery in the US, the world''s biggest energy consumer. Realty stocks gained on bargain hunting. IT stocks grew on better than expected Q2 results. Construction and cement stocks rose on government''s thrust on infrastructure.

The Market breadth, indicating the overall strength of the market, was strong. On BSE (__^BSESN__), out of 2,663 stocks traded so far, 1,963 stocks advanced while 631 stocks declined. Nearly 69 stocks are unchanged.

At 1:25 PM, the BSE Sensex is trading higher by 49.97 points at 16,113.88 whereas NSE (__^NSEI__) Nifty is up by 24.94 points at 4,790.50.

The BSE Mid Cap is trading higher by 114.92 points at 6,230.36 and Small cap is trading up by 125.84 points at 7,139.70.

Gainers from the BSE Sensex pack are SBI (__SBIN.NS__) trading higher by 3.52 per cent at Rs. 2,214 along with JP Associates by 3.47 per cent at Rs. 225, Tata Steel (__TATASTL.BO__) by 3.04 per cent to Rs. 499.50, DLF by 2.40 per cent at Rs. 381.20, Reliance Infra by 2.18 per cent at Rs. 1,113, Sterlite Inds by 2.12 per cent at Rs. 803.40, HDFC by 1.84 per cent at Rs. 2,700 and M&M by 1.50 per cent at Rs. 975.30.

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12:48 PM - The markets remained bullish today on the back of the government's plans to sell stake in profit-making public sector units. The government on Thursday said all profitable, listed state-run firms and unlisted firms that had a positive net worth, no accumulated losses and a net profit over the past three years should list in a step towards boost more revenues and to restrict the widening budget deficit. The government said the funds from the listings would be spent on social schemes for three years. Further the overnight gains in the US market led by encouraging economic data and positive Asian markets also boosted the sentiments today. The NSE (__^NSEI__) Nifty is now trading around the 4800 mark and the BSE Sensex (__^BSESN__) above the 16150 mark in the mid trade. All the sectorial indices are trading in green with the PSU, Metal, Realty and Consumer Durables stocks are leading the rally. The broader market indices are also trading strong with both the BSE Mid Cap and the BSE Small Cap indices are now trading with gains of more than 1.8 per cent each.

NTPC has plans to set up two solar thermal units of 50 Mw each in Gujarat. The company has firmed up its plans to initially install a solar power generation capacity of 100 Mw in the state, which may go up to 300 Mw at a later stage. The stock is now trading higher by (0.33 per cent) at Rs. 210.95.

GVK Power & Infrastructure Ltd. has got the approval from its board to acquire 12.2 per cent stake in Bengaluru International Airport (BIAL) for Rs 485 crore from Flughafen Zuerich, or Unique. Unique, had a 17.2 per cent stake in the 18-month-old BIAL. The stocks is now trading higher by (1.59 per cent) at Rs. 48.

Tata Steel (__TATASTL.BO__) reported the top gainer from the BSE Sensex pack, as it is trading higher by (3.19 per cent) at Rs.500.20 while HUL reported the top loser trading down by (1.40 per cent) at Rs.275.

The overall market breadth is positive as 1913 stocks are advancing while 609 stocks are dec... » Send to friends

11:48 AM - The Indian market is trading with decent gains tracking the favoring cues from the global markets. The Asian markets are trading with phenomenal gains after Australian Central bank increased its economic growth forecasts by more than tripled and also on reports of better than expected jobless claims data in US. The latest initial jobless claims recorded at 512,000, down 20,000 from the previous week and better than the expected 522,000. Continuing claims came in at 5.75 million, which was inline with the expectations and down from 5.82 million in the previous week. Moreover, the investors' sentiments boosted as the Union Cabinet gave the approval of listing the state run firms on the stock exchanges, which have a track record of profits in the past three years. Moreover, the government decided that the proceeds from the equity divestment in State run firms can be utilized for capital expenditure on social sector programmes instead of routing it through the National Investment fund.

From the sectoral indices, PSU index (up 3.64 per cent) along with Realty index (up 3.32 per cent) and Metal index (up 3.13 per cent) are attracting the investors' confidence as most buying is seen from these baskets. On the stock specific front, Aurobindo Pharma (__AUROPHARM.NS__) is trading up by 2.95 per cent at Rs. 832.15. The company receives final approval for Lamotrigine Tablets from USFDA. Aurobindo Pharma Limited is pleased to announce that it has received the final approval for Lamotrigine Tablets (Chewable, Dispersible) 5mg and 25mg from the US Food & Drug Administration (USFDA).

At 11:31 AM BSE SENSEX (__^BSESN__) was at 16,267.58 higher by 203.68 points or by (1.27 per cent) and the NSE (__^NSEI__) Nifty was at 4,829.30 up by 63.75 points or by (1.34 per cent).

While, the BSE MIDCAP and SMALL Cap was up by 145.16 points and 178.52 points at 6,260.60 and 7,192.37 respectively.

Gainers from the BSE Sensex pack are JP Associates trading with gains of 4.07 per cent a... » Send to friends

10:48 AM - The markets start its session today with significant gains tracking positive cues from the global markets. The US and Asian markets rallied post some cheering US economic data. All the sectorial indices are trading in green in the opening trade. The Realty, Metal and PSU index are fronting the rally as hey are now trading with gains of 3 per cent each. The NSE (__^NSEI__) Nifty has moved above the 4800 mark and the BSE Sensex (__^BSESN__) above the 16200 mark in the early trade. The boarder Market indices are also witnessing significant buying interest in the opening trade with both the BSE Mid Cap and the BSE Small Cap indices are now trading with gains of more than 2 per cent each.

NTPC has plans to set up two solar thermal units of 50 Mw each in Gujarat. The company has firmed up its plans to initially install a solar power generation capacity of 100 Mw in the state, which may go up to 300 Mw at a later stage. The stock is now trading higher by (0.33 per cent) at Rs. 210.95.

GVK Power & Infrastructure Ltd. has got the approval from its board to acquire 12.2 per cent stake in Bengaluru International Airport (BIAL) for Rs 485 crore from Flughafen Zuerich, or Unique. Unique, had a 17.2 per cent stake in the 18-month-old BIAL. The stocks is now trading higher by (2.01 per cent) at Rs. 48.20.

At 10.34 IST, the BSE Sensex is trading higher by 195.60 points or (1.22 per cent) at 16,259.50. and the NSE Nifty is trading higher by 64 points or (1.34 per cent) at 4,829.55.

The BSE Mid Cap is trading higher by 123.27 points or (2.02 per cent) at 6,238.71 and the BSE Small Cap is trading higher by 157.96 points or (2.25 per cent) to 7,171.81.

DLF reported the top gainer from the BSE Sensex pack, as it is trading up by (3.85 per cent) at Rs.386.60 while HUL reported the top loser trading down by (0.93 per cent) at Rs.276.30.

The Overall market breadth is positive as 1498 stocks are advancing while 307 stocks are declining and the 36 stocks remained un... » Send to friends

9:52 AM - The US markets closed significantly higher on Thursday on the back of strong quarterly report from Cisco followed by a pair of pleasing economic reports. Tech stocks got the rally after Cisco posted a better-than-expected top and bottom line results for its latest quarter. Further the company announced that it has authorized an additional $10 billion to add to its share repurchase plan, which now stands at roughly $13 billion. Cisco also issued a solid outlook.

The Dow Jones Industrial Average (DJIA) ended with gain of 203.82 points at 10,005.96. NASDAQ index grew by 49.80 points to 2,105.32 and the S&P 500 (SPX) closed higher by 20.13 points at 1,066.63.

On the economic front, the third quarter nonfarm productivity surged 9.5 per cent in its preliminary report considerably better than the widely expected increase of 6.5 per cent. The surge marked the largest gain in productivity since 2003. This sharp rally was due to the sharp rise in third quarter output and the significant drop in hours worked. However, unit labor costs dropped 5.2 per cent in the third quarter as against the expected fall of 4.2 per cent.

In other economic news, the latest initial jobless claims total came in 512,000, down 20,000 from the previous week and as against the 522,000 initial claims that had been widely expected. Continuing claims came in at 5.75 million down from 5.82 million in the previous week, but in pace with what had been forecast.

US light crude oil futures for December delivery closed down by 0.9 per cent at $79.66 per barrel, on the New York Mercantile Exchange.

Gold futures for the month of December delivery closed the session fractionally higher 0.2 per cent at $1,087.30 per ounce on the New York Mercantile Exchange. » Send to friends

9:51 AM - The FIIs on Thursday stood as net buyers in equity and net sellers in debt. Gross equity purchased stood at Rs 3,395.20 Crore and gross debt purchased stood at Rs 865.70 Crore, while the gross equity sold stood at Rs 3,381.40 Crore and gross debt sold stood at Rs 1,260.40 Crore. Therefore, the net investment of equity and debt reported were Rs 13.70 Crore and Rs (394.70) Crore respectively. » Send to friends