 "Sensex scales 21,000; Bharti Airtel up 6%")
Markets edged higher in noon deals with the Sensex gaining over 115 points to scale the 21,000 level at 21,043 and the Nifty advanced 34 points to trade at 6,254, which is a three year high for the indices.
The ones aiding the up move were Bharti Airtel, ICICI Bank, ITC and HDFC.
In the broader markets, the midcap index gained 0.4% and the smallcap index advanced 0.8%.
Asian share markets took heart from record highs in U.S. stocks on Wednesday as investors wagered the Federal Reserve would rock no boats at its policy meeting and leave stimulus in place for the next few months at least.
Japan's Nikkei led the way with a gain of 1.2%, while Australian shares added 0.3% and Shanghai stocks 1%. MSCI's index of Asia-Pacific shares outside Japan crept up 0.5%.
European shares edged higher with CAC, DAX and FTSE starting off with gains of atleast 0.5%.
Rupee
The rupee weakened in early trade today due to dollar buying by importers. Sentiment was cautious ahead of the Federal Reserve's meeting this week.
At 1440hrs, the rupee was trading at Rs 61.36 compared with previous close of Rs 61.32 per dollar.
Currency dealers see the rupee trading in the range of Rs 61.30 to 62.50 for the rest of the day.
Sectors & Stocks
On the sectoral front, Realty, Health Care and FMCG indices gained 1% each.
Teck, Power, Consumer Durables, Bankex, PSU and Oil & Gas indices advanced 0.2-0.7%.
Meanwhile, Metal index slipped 0.4%. Auto and Capital Goods indices were flat with a negative bias.
Bharti Airtel was the top Sensex gainer, up 5.6% after the company said its consolidated operating or EBITDA margin improvement for the second quarter ended September 2013.
Other notable gainers were ICICI Bank, Dr Reddy’s Lab, Hindalco, Bajaj Auto, BHEL and ITC, all adding gains between 1.5-3.3%.
The losers among the Sensex-30 were Wipro, SSLT, HDFC Bank, Jindal Steel and SBI down 1-2.4%.
Tata Power, L&T, Mahindra & Mahindra, Tata Motors, Infosys, ONGC and Gail India were in the red, down 0.4-0.9%.
The market breath was positive. 1,172 stocks advanced while 1,145 stocks declined on the BSE.
The ones aiding the up move were Bharti Airtel, ICICI Bank, ITC and HDFC.
In the broader markets, the midcap index gained 0.4% and the smallcap index advanced 0.8%.
Also Read
Global Markets
Asian share markets took heart from record highs in U.S. stocks on Wednesday as investors wagered the Federal Reserve would rock no boats at its policy meeting and leave stimulus in place for the next few months at least.
Japan's Nikkei led the way with a gain of 1.2%, while Australian shares added 0.3% and Shanghai stocks 1%. MSCI's index of Asia-Pacific shares outside Japan crept up 0.5%.
European shares edged higher with CAC, DAX and FTSE starting off with gains of atleast 0.5%.
Rupee
The rupee weakened in early trade today due to dollar buying by importers. Sentiment was cautious ahead of the Federal Reserve's meeting this week.
At 1440hrs, the rupee was trading at Rs 61.36 compared with previous close of Rs 61.32 per dollar.
Currency dealers see the rupee trading in the range of Rs 61.30 to 62.50 for the rest of the day.
Sectors & Stocks
On the sectoral front, Realty, Health Care and FMCG indices gained 1% each.
Teck, Power, Consumer Durables, Bankex, PSU and Oil & Gas indices advanced 0.2-0.7%.
Meanwhile, Metal index slipped 0.4%. Auto and Capital Goods indices were flat with a negative bias.
Bharti Airtel was the top Sensex gainer, up 5.6% after the company said its consolidated operating or EBITDA margin improvement for the second quarter ended September 2013.
Other notable gainers were ICICI Bank, Dr Reddy’s Lab, Hindalco, Bajaj Auto, BHEL and ITC, all adding gains between 1.5-3.3%.
The losers among the Sensex-30 were Wipro, SSLT, HDFC Bank, Jindal Steel and SBI down 1-2.4%.
Tata Power, L&T, Mahindra & Mahindra, Tata Motors, Infosys, ONGC and Gail India were in the red, down 0.4-0.9%.
The market breath was positive. 1,172 stocks advanced while 1,145 stocks declined on the BSE.
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