Stock Market In Rising Mood!

sensex_risingThe BSE Sensex today marched further on continued buying action seen in heavyweight securities. The stocks from metal, banking, auto led the progressions, whereas real estate, IT and pharmaceutical stock headed the declinations.

The stock market is waiting for SEBI meeting planned for today to arrange plans in order to test out unregulated entities investing in Indian capital markets, even as 20 such agents offered to invest money through the front door.

In early trading (11:20 am), BSE was trading at 18,638.78, up 125.87 points, while NSE Nifty was trading at 5,520.05, up 23.9 points. The BSE Midcap soared 1.29% and BSE Smallcap climbed up 1.39%.

At the same time, the market experienced 1,538 advancements as against 748 declines.

Amongst the sectoral indices, BSE Bankex arose 0.81%, BSE Metal ascended 1.82%, BSE Auto climbed up 0.46%, BSE Realty zoomed 0.13%, whereas BSE IT dropped 0.12%.

The top gainers’ were Reliance Energy that climbed 3.52% to Rs 1,712.05, Hindalco arose 3.75% to Rs 196.20 and Tata Steel climbed up 2.25% to Rs 936.00. The other gainers’ in the list comprised BHEL, Bharti Airtel, ICICI Bank, SBI and Reliance Energy.

The top losers’ list included ONGC that lost 3.60% t Rs 1068, Cipla dropped 2.62% to Rs 191.45 and Dr. Reddy’s plunged 1.74% to Rs 619.00. HDFC Bank, Wipro, HDFC, ITC and Maruti were also I the losers’ list.

Mattas Infra, Hyderabad-based construction firms debuts today on the Bombay Stock Exchange, with a premium of 40.27%, at Rs 519 over its issue price of Rs 370. It touched a high of Rs 604 and a low of Rs 480.00. The total volume traded on the BSE was 3,783,232.