Business Standard

Markets up in opening trades

SI Reporter  |  Mumbai 

The have opened on a strong note tracking global cues. The has opened up 192 points at 17,780. Nifty has opened at 5,417 - up 58 points.

Defensive names rallied in an otherwise flat day for Wall Street on Monday as investors paused after recent gains and looked ahead to the Federal Reserve's monetary policy statement. The Dow Jones industrial average added 0.3 per cent to 12,960, while the Standard & Poor's 500 Index inched up 0.02 per cent to 1,371 levels.

In Asia, Japan's benchmark Nikkei share average rose 0.5 per cent on Tuesday, aided by the softer yen, while MSCI's index of Asia Pacific shares outside of Japan also added 0.5 per cent.

metal index has added 1.6% this morning to 11,797 Realty, capital goods and power indices are also up. The bankex is up 1% at 12,345.

BHEL is the biggest gainer among Sensex stocks, up 2.5% at Rs 292. Jindal Steel, Tata POwer, Coal India and Maruti Suzuki have added 2% each. Infosys and Reliance are the top contributors to the Sensex' upmove and accounts for 50 points in the index's gain.

However, Wipro has shed 2.2% to Rs 428. A trust controlled by Wipro's billionaire founder Azim Premji plans to sell up to 35 million shares or around a 1.4% stake in the software company on the via a new auction process to fund education projects.

Jet Airways has dipped 1.3% to Rs 289 after stating that the tax authorities have not frozen the airline's bank accounts, contrary to reports, and it plans to pay its January tax dues soon.

Competition watchdog CCI has ordered a probe into allegations that coal giant CIL is imposing unfair conditions for the supply of coal to Maharashtra State Power Generation Company. However, CIL has advanced 1.7% to Rs 342.

Natco Pharma has received a compulsory licence from the Indian patents office to manufacture and sell a generic version of Bayer's cancer treatment drug Nexavar. The stock is up 3.4% at Rs 326.

Biocon has slumped 7% to Rs 248 after Pfizer scrapped a deal to sell insulin products made by Biocon Ltd.

Trent has gained 3% to Rs 937 after successfully completing the QIP issue.

BSE market breadth is fairly positive. Out of 1,303 stocks traded, 947 shares have advanced while 320 shares have declined.

RECOMMENDED FOR YOU

Markets up in opening trades

The markets have opened on a strong note tracking global cues. The Sensex has opened up 192 points at 17,780. Nifty has opened at 5,417 - up 58 points.

The have opened on a strong note tracking global cues. The has opened up 192 points at 17,780. Nifty has opened at 5,417 - up 58 points.

Defensive names rallied in an otherwise flat day for Wall Street on Monday as investors paused after recent gains and looked ahead to the Federal Reserve's monetary policy statement. The Dow Jones industrial average added 0.3 per cent to 12,960, while the Standard & Poor's 500 Index inched up 0.02 per cent to 1,371 levels.

In Asia, Japan's benchmark Nikkei share average rose 0.5 per cent on Tuesday, aided by the softer yen, while MSCI's index of Asia Pacific shares outside of Japan also added 0.5 per cent.

metal index has added 1.6% this morning to 11,797 Realty, capital goods and power indices are also up. The bankex is up 1% at 12,345.

BHEL is the biggest gainer among Sensex stocks, up 2.5% at Rs 292. Jindal Steel, Tata POwer, Coal India and Maruti Suzuki have added 2% each. Infosys and Reliance are the top contributors to the Sensex' upmove and accounts for 50 points in the index's gain.

However, Wipro has shed 2.2% to Rs 428. A trust controlled by Wipro's billionaire founder Azim Premji plans to sell up to 35 million shares or around a 1.4% stake in the software company on the via a new auction process to fund education projects.

Jet Airways has dipped 1.3% to Rs 289 after stating that the tax authorities have not frozen the airline's bank accounts, contrary to reports, and it plans to pay its January tax dues soon.

Competition watchdog CCI has ordered a probe into allegations that coal giant CIL is imposing unfair conditions for the supply of coal to Maharashtra State Power Generation Company. However, CIL has advanced 1.7% to Rs 342.

Natco Pharma has received a compulsory licence from the Indian patents office to manufacture and sell a generic version of Bayer's cancer treatment drug Nexavar. The stock is up 3.4% at Rs 326.

Biocon has slumped 7% to Rs 248 after Pfizer scrapped a deal to sell insulin products made by Biocon Ltd.

Trent has gained 3% to Rs 937 after successfully completing the QIP issue.

BSE market breadth is fairly positive. Out of 1,303 stocks traded, 947 shares have advanced while 320 shares have declined.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Indbull.RealEst. 67.55 6.46
Bata India 586.05 5.75
Suzlon Energy 14.99 5.27
Castex Tech 7.19 4.96
GMR Infra. 12.61 4.91
> More on BSE Gainers
Company Price() Chg(%)
Indbull.RealEst. 67.65 6.54
Suzlon Energy 14.95 5.28
Bombay Rayon 144.95 5.04
Bata India 584.20 5.02
GMR Infra. 12.60 5.00
> More on NSE Gainers
Company Price() Chg(%)
Titagarh Wagons 91.60 -7.33
Idea Cellular 118.30 -6.52
Jindal Steel 69.90 -6.49
HCL Technologies 750.45 -6.19
CEAT 1097.70 -5.88
> More on BSE Gainers
Company Price() Chg(%)
Jindal Steel 69.80 -6.56
CEAT 1098.60 -6.39
Idea Cellular 118.55 -6.28
HCL Technologies 750.30 -6.20
JMT Auto 53.25 -5.67
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard