 "Markets rebound; Nifty reclaims 6,000 mark")
Benchmark share indices staged a recovery in late trades with the Sensex pulling back over 100 points from its day's lows and the Nifty trading above 6,000 led by auto shares.
At 2:40PM, the 30-share Sensex was up 28 points at 20,240 and the 50-share Nifty was up 13 points at 6,014.
The rupee was trading strong in morning trades due to a higher opening of other currencies against the dollar. The rupee was at Rs 62.49 compared with previous close of Rs 62.54 per dollar. However, currency dealers see a weakening bias during the day due to dollar demand from oil companies.
Asian markets were trading mixed with Japan's benchmark share index Nikkei gaining the most. The Nikkei ended 1.2% at 14,180. Among other markets, Hang Seng was down 0.6% and Straits Times was trading flat with negative bias.
European shares were trading with marginal gains, amid a sluggish start, led financials. However, further gains were capped as investors adopte a wait-and-watch stance ahead of the US non-farm payrolls data due on Friday. The CAC-40, DAX and FTSE-100 were up 0.03-0.3% each.
BSE Realty, Auto, Metal, Power and IT indices were the top gainers among the sectoral indices up 0.5-2% each.
Auto shares witnessed action after several companies showcased new car and two-wheeler models at the Auto Expo 2014 in Delhi.
Tata Motors was up nearly 4%. The company launched two cars, Zest, a compact sedan, and Bolt, a hatchback which are powered by the company's new Revotron engine series.
Both these new car models are based on the company's enhanced X1 platform, on which the existing Vista and Manza models are built.
Bajaj Auto was up 1.1% while Hero MotoCorp marginally up by 0.1%. Hero MotoCorp today unveiled two new 100cc bikes -- Splendor Pro Classic and Passion TR -- which will hit the Indian markets in next two months. Besides, the company also showcased a 620 cc super premium motorbike 'Hastur' and two concept bikes 'SimplEcity' and 'iON'.
Other Sensex gainers include, HDFC Bank, TCS, Mah&Mah, Tata Steel and Gail India among others.
Among other shares, Shares of Ranbaxy Labs surged nearly 6% to Rs 340 after the company reported lower loss for the quarter ended December 2013 on the back of higher US sales boosted by acne products. The pharma major reported a lower loss of Rs 158.94 crore for the fourth quarter ended December 2013 compared with Rs 492.44 crore in the same quarter last year.
Meanwhile, the broader markets outperformed the benchmark indices with the BSE Mid-cap index up 0.4% and the Small-cap index up 1%.
Market breadth turned positive with 1,390 gainers and 1,033 losers on the BSE.
At 2:40PM, the 30-share Sensex was up 28 points at 20,240 and the 50-share Nifty was up 13 points at 6,014.
The rupee was trading strong in morning trades due to a higher opening of other currencies against the dollar. The rupee was at Rs 62.49 compared with previous close of Rs 62.54 per dollar. However, currency dealers see a weakening bias during the day due to dollar demand from oil companies.
Asian markets were trading mixed with Japan's benchmark share index Nikkei gaining the most. The Nikkei ended 1.2% at 14,180. Among other markets, Hang Seng was down 0.6% and Straits Times was trading flat with negative bias.
European shares were trading with marginal gains, amid a sluggish start, led financials. However, further gains were capped as investors adopte a wait-and-watch stance ahead of the US non-farm payrolls data due on Friday. The CAC-40, DAX and FTSE-100 were up 0.03-0.3% each.
BSE Realty, Auto, Metal, Power and IT indices were the top gainers among the sectoral indices up 0.5-2% each.
Auto shares witnessed action after several companies showcased new car and two-wheeler models at the Auto Expo 2014 in Delhi.
Tata Motors was up nearly 4%. The company launched two cars, Zest, a compact sedan, and Bolt, a hatchback which are powered by the company's new Revotron engine series.
Both these new car models are based on the company's enhanced X1 platform, on which the existing Vista and Manza models are built.
Bajaj Auto was up 1.1% while Hero MotoCorp marginally up by 0.1%. Hero MotoCorp today unveiled two new 100cc bikes -- Splendor Pro Classic and Passion TR -- which will hit the Indian markets in next two months. Besides, the company also showcased a 620 cc super premium motorbike 'Hastur' and two concept bikes 'SimplEcity' and 'iON'.
Other Sensex gainers include, HDFC Bank, TCS, Mah&Mah, Tata Steel and Gail India among others.
Among other shares, Shares of Ranbaxy Labs surged nearly 6% to Rs 340 after the company reported lower loss for the quarter ended December 2013 on the back of higher US sales boosted by acne products. The pharma major reported a lower loss of Rs 158.94 crore for the fourth quarter ended December 2013 compared with Rs 492.44 crore in the same quarter last year.
Meanwhile, the broader markets outperformed the benchmark indices with the BSE Mid-cap index up 0.4% and the Small-cap index up 1%.
Market breadth turned positive with 1,390 gainers and 1,033 losers on the BSE.