Sensex Trades Firm, Cement Stocks Shine

On back of buying interest in some heavyweights, the 30-share BSE Sensex is trading strong at the moment. Select stocks from pharmaceutical and cement chaired the advancements, whereas banking and telecom trading mixed.

The 30-share BSE Sensex today opened positively at 15,383.18, whilst the Asian markets slumped in the early session of trade for the third consecutive day on worries that the US, world’s biggest economy is moving towards depression.

Anand Dama, analyst, KJMC Capital Markets stated that stock market will trade flat to negative today. He anticipated some weakness to come in the banking sector on back of some RBI declaration. He suggested people to hold banking stocks and not to indulge into fresh buying at this point of time.

Out of the total 2,338 shares traded at the BSE: there were 1,383 progressions as compared to 887 declinations. Amongst the sectoral indices, BSE Auto arose 0.86%, BSE IT ascended 0.24%, BSE Bankex came up 0.11% and BSE Realty climbed 0.42%.

The gainers list included Ranbaxy, which gained 2.64% to Rs 410.50, Tata Motors that came up 2.30% at Rs 714.30 and Grasim arose 2.25% at Rs 3,125.00. ACC, Reliance Energy, HDFC, Ambuja Cement and HUL also went up.

The draggers at the Sensex consisted Hindalco, which rejected 0.99% at Rs 155.40, NTPC dangled 0.81% at Rs 183.90 and Wipro sank 0.48% at Rs 470.55. Bharti Airtel, ICICI Bank and TCS also slipped.

ACC Cement Stock Chart