New Delhi: The markets were witnessing flat trade as Asian peers were also in flattish mode. At 11:21 am, the Sensex was up 21 points at 12,410 and the Nifty was up 10 points at 3,575.
The market breadth was positive, about 1399 shares have advanced, 605 shares declined, and 61 shares are unchanged.
Top gainers were Hindalco (1.77 per cent), Gujarat Ambuja Cements (1.24 per cent), BHEL (1.01 per cent), Tata Steel (1 per cent) VSNL (9.01 per cent), SAIL (2.31 per cent) and Siemens (2.15 per cent).
However, HDFC (-1.10 per cent, Tata Motors (-0.85 per cent), ITC (-0.69 per cent), Satyam (-0.66 per cent), Oriental Bank (-0.95 per cent) and Glaxo (-0.79 per cent) were top losers on the bourses.
The BSE Small Cap and Midcap indices were up over 1 per cent and 0.80 per cent, respectively.
The BSE Metal Index has outperformed other indices. It was up 1.75 per cent as buying was seen in Jindal Saw, SAIL, Hindalco, JSW Steel, Sesa Goa, Sterlite Ind and Hind Zinc.
The BSE Capital Goods Index also gained 1.15 per cent. The BSE Auto, Bankex, Healthcare and Oil indices were flat.
However, FMCG stocks have lost ground.
M&M is in talks with Uttaranchal Govt to set up 3-wheeler plant. The company is going to invest Rs 1,000-2,000 crore (Rs 10-20 billion) in Uttaranchal unit and new 3-wheeler plant is likely to have capacity of 1-lakh units per year. Its production in new plant will start by FY09. The share was up Rs 3, or 0.44 per cent at 692.30.
Markets at 9:57 am
Markets open on positive note; Metal, IT, bank gain
The markets opened on a positive note but became volatile. The buying was continuously seen in metal, technology, and banking stocks. At 9:57 am, the Sensex was up 35 points at 12,424 and the Nifty up 15 points at 3,580.
Tata Steel, Reliance, Reliance Comm, SBI, ICICI Bank, L&T, HLL, Satyam, SAIL, VSNL, Zee, Hindalco, NTPC, HDFC Bank, Wipro, TCS, Infosys, Bajaj Auto, MTNL and ONGC were gainers on the bourses in the morning trade.
Asian shares were mixed today; Japan's Nikkei was down 57.43 points or 0.35 per cent at 16,391.9.
US stocks rose slightly yesterday; the Dow Jones industrial average rose 16.08 points, or 0.14 per cent, to 11,866.69, a record close.
Market cues:
- FIIs net sell USD 90.1 million in equity on October 4.
- MFs net sell Rs 131 crore (Rs 1.31 billion) in equity on October 4.
- NSE F&O Open Interest up by Rs 1,002 crore (Rs 10.02 billion) at Rs 36,762 crore (Rs 367.62 billion).
- Futures Open Interest up by Rs 311 crore (Rs 3.11 billion); Options Open Interest up by Rs 691 crore (Rs 6.91 billion.
- NIfty Futures shed 16.4 lakh shares in Open Interest on short covering by FIIs.
- Nifty Futures at 7-point premium.
November crude gained 62 cents to settle at $60.03 a barrel on the New York Mercantile Exchange.
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