 "Nifty opens above 6,150, Maruti Suzuki jumps 8%")
Markets have rebounded in trades today and have started the trading session on a higher note tracking firm global cues. By 9:25, the Sensex was higher by 137 points at 20,820 mark and the Nifty gained by 39 points at 6,166 levels.
Markets ended flat yesterday, amid a volatile trading session, shrugging of the surprise move by the central bank which hiked the repo rate by 25 bps to 8% in its third quarter monetary policy review today.
Foreign institutional investors (FIIs) sold shares worth a net Rs 1267.35 crore on Tuesday, 28 January 2014, as per provisional data from the stock exchanges.
On the global front, U.S. stocks bounced back on Tuesday after Pfizer's upbeat results gave investors some relief from the pain of the Dow's five-day losing streak, and the market's focus turned to the Federal Reserve's next move on stimulus.
The market's advance, which also broke the S&P 500's three-day slide, came after heavy losses tied to concerns about the withdrawal of U.S. monetary stimulus as well as worries about emerging markets, including a slowdown in China's growth and political turmoil from Turkey to Thailand.
Last week, the S&P 500 marked its worst percentage loss since June 2012.
Asian markets rallied on Wednesday after Turkey stunned investors with a huge hike in interest rates, stirring hopes the drastic action would short-circuit a vicious cycle of selling in emerging markets and revive risk appetite generally.
The bold move even managed to overshadow the U.S. Federal Reserve's meeting at which it is widely expected to trim its asset buying program by another $10 billion a month.
S&P 500 e-mini futures climbed 0.5% and Japan's Nikkei jumped 1.7% as safe havens such as the yen and gold all eased. MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.5% after three sessions of falls.
Back home, Crompton Greaves, Deepak Fertilizer, GAIL (India), Godrej Properties, Havells India, ICICI Bank, Indoco Remedies, Jagran Prakashan, Kalpataru Power, NALCO, Shriram Transport, Tata Global and Titan Company will unveil their third quarter earnings today.
On the sectoral front, BSE Bankex, Capital Goods, Realty, Power, Consmuer Durables and Auto indices have gained between 1-2%. Apart from IT, all the major BSE sectoral indices are trading in positive zone.
The main gainers on the Sensex at this hour include Maruti Suzuki, Tata Motors, Axis Bank, ICICI Bank, L&T, BHEL, M&M and SBI.
Maruti Suzuki was the top loser in trades yesterday, down 8% was the top loser among Sensex-30, falling nearly 12% from intra-day high on the BSE, after its board approved implementing the expansion of manufacturing facility in Gujarat through Suzuki subsidiary. The stock is up over 8% today.
NTPC said its Profit After Tax (PAT) for the quarter ended December jumped 10.1 per cent at the back of improved availability of coal-fired stations. The company posted a PAT of Rs 2,861 crore as compared to Rs 2,596 crore in the corresponding quarter last year.
Bharti Airtel today reported Q3 net profit of Rs 610 crore. Consolidated net sales stood at Rs 21,939 crore. The company reported consolidated EBITDA of Rs 7093 crore and EBIT margins of 32.3%. The stock is up by nearly 1%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up by nearly 1%.
The market breadth in BSE remains firm with 679 shares advancing and 180 shares declining.
Markets ended flat yesterday, amid a volatile trading session, shrugging of the surprise move by the central bank which hiked the repo rate by 25 bps to 8% in its third quarter monetary policy review today.
Foreign institutional investors (FIIs) sold shares worth a net Rs 1267.35 crore on Tuesday, 28 January 2014, as per provisional data from the stock exchanges.
On the global front, U.S. stocks bounced back on Tuesday after Pfizer's upbeat results gave investors some relief from the pain of the Dow's five-day losing streak, and the market's focus turned to the Federal Reserve's next move on stimulus.
The market's advance, which also broke the S&P 500's three-day slide, came after heavy losses tied to concerns about the withdrawal of U.S. monetary stimulus as well as worries about emerging markets, including a slowdown in China's growth and political turmoil from Turkey to Thailand.
Last week, the S&P 500 marked its worst percentage loss since June 2012.
Asian markets rallied on Wednesday after Turkey stunned investors with a huge hike in interest rates, stirring hopes the drastic action would short-circuit a vicious cycle of selling in emerging markets and revive risk appetite generally.
The bold move even managed to overshadow the U.S. Federal Reserve's meeting at which it is widely expected to trim its asset buying program by another $10 billion a month.
S&P 500 e-mini futures climbed 0.5% and Japan's Nikkei jumped 1.7% as safe havens such as the yen and gold all eased. MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.5% after three sessions of falls.
Back home, Crompton Greaves, Deepak Fertilizer, GAIL (India), Godrej Properties, Havells India, ICICI Bank, Indoco Remedies, Jagran Prakashan, Kalpataru Power, NALCO, Shriram Transport, Tata Global and Titan Company will unveil their third quarter earnings today.
On the sectoral front, BSE Bankex, Capital Goods, Realty, Power, Consmuer Durables and Auto indices have gained between 1-2%. Apart from IT, all the major BSE sectoral indices are trading in positive zone.
The main gainers on the Sensex at this hour include Maruti Suzuki, Tata Motors, Axis Bank, ICICI Bank, L&T, BHEL, M&M and SBI.
Maruti Suzuki was the top loser in trades yesterday, down 8% was the top loser among Sensex-30, falling nearly 12% from intra-day high on the BSE, after its board approved implementing the expansion of manufacturing facility in Gujarat through Suzuki subsidiary. The stock is up over 8% today.
NTPC said its Profit After Tax (PAT) for the quarter ended December jumped 10.1 per cent at the back of improved availability of coal-fired stations. The company posted a PAT of Rs 2,861 crore as compared to Rs 2,596 crore in the corresponding quarter last year.
Bharti Airtel today reported Q3 net profit of Rs 610 crore. Consolidated net sales stood at Rs 21,939 crore. The company reported consolidated EBITDA of Rs 7093 crore and EBIT margins of 32.3%. The stock is up by nearly 1%.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up by nearly 1%.
The market breadth in BSE remains firm with 679 shares advancing and 180 shares declining.