The Indian bourses have bounced back after opening lower and have gained momentum during the midsession trade such that it reached the sessions high. Domestic market was least affected by the global cues as most of the Asian market remained closed on occasion of Lunar New Year. And the Wall Street had reported a mixed overnight close. Back on the domestic front, market is witnessing high buying support from the investors across certain sectors. Meanwhile, all the BSE sectoral indices are trading in the positive terrain while the broader market indices have gained modestly as compared to the benchmark indices.
The broader market indices are trading positive as BSE Mid Cap and Small Cap are trading up by 0.68% and 0.66% respectively. The key benchmark indices are trading at BSE 30-share Sensex above 18,405 mark, while Nifty is above the 5,515 mark.
At 12.27 BSE SENSEX was trading at 18,406.06 up by 315.44 (1.74%) and the NSE Nifty was trading at 5,518.20 up by 86.20 (1.59%).
The BSE MIDCAP was at 6,800.46 up by 46.26 (0.68%) and the BSE SMLCAP was at 8,417.81 up by 55.40 (0.66%).
On the economic front, Finance Minister Pranab Mukherjee said that growth of 8.5% will be achieved as per the plan. He even pointed out that the stock market must remain calm instead of showing high volatility that can hinder the growth further. He further added that the country's macroeconomic fundamentals are strong and thus the anticipated growth can be achieved.
On the corporate front, GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD rose by 6.12% to Rs 2,093.00 after the company reported a net profit of Rs. 53.37 crore in its Q4 results which is 58.5% higher in comparison to the corresponding quarter last year.
Greaves Cotton Ltd rose by 0.54% to Rs 92.35 after the company entered into a long term pact with Mahindra & Mahindra to supply single cylinder engines for its three-wheelers.
At present, the market breadth indicating the overall health is positive with 1,542 stocks advancing, 1,026 shares declining and 91 stocks are left unchanged. Further, the overall market breadth is positive as all the 13 sectoral indices are trading higher.
Gainers from the Sensex Pack till now are DLF (5.75%), Hindalco Inds (3.62%), Jaiprakash Asso (3.09%), Bharti Airtel (2.83%) and Hero Honda (2.56%).
The BSE Realty index was at 2,252.81 up by 62.84 points or by (2.87%). The main gainers were DLF (5.75%), HDIL (4.65%), Indiabulls Real Est (3.64%) and Orbit Corp (2.86%).
The BSE CG index was at 13,262.52 up by 200.10 points or by (1.53%). The main gainers were Lakshmi Mach (2.68%), L&T (2.43%), Usha Martin (2.24%) and BHEL (1.62%).
The broader market indices are trading positive as BSE Mid Cap and Small Cap are trading up by 0.68% and 0.66% respectively. The key benchmark indices are trading at BSE 30-share Sensex above 18,405 mark, while Nifty is above the 5,515 mark.
At 12.27 BSE SENSEX was trading at 18,406.06 up by 315.44 (1.74%) and the NSE Nifty was trading at 5,518.20 up by 86.20 (1.59%).
The BSE MIDCAP was at 6,800.46 up by 46.26 (0.68%) and the BSE SMLCAP was at 8,417.81 up by 55.40 (0.66%).
On the economic front, Finance Minister Pranab Mukherjee said that growth of 8.5% will be achieved as per the plan. He even pointed out that the stock market must remain calm instead of showing high volatility that can hinder the growth further. He further added that the country's macroeconomic fundamentals are strong and thus the anticipated growth can be achieved.
On the corporate front, GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD rose by 6.12% to Rs 2,093.00 after the company reported a net profit of Rs. 53.37 crore in its Q4 results which is 58.5% higher in comparison to the corresponding quarter last year.
Greaves Cotton Ltd rose by 0.54% to Rs 92.35 after the company entered into a long term pact with Mahindra & Mahindra to supply single cylinder engines for its three-wheelers.
At present, the market breadth indicating the overall health is positive with 1,542 stocks advancing, 1,026 shares declining and 91 stocks are left unchanged. Further, the overall market breadth is positive as all the 13 sectoral indices are trading higher.
Gainers from the Sensex Pack till now are DLF (5.75%), Hindalco Inds (3.62%), Jaiprakash Asso (3.09%), Bharti Airtel (2.83%) and Hero Honda (2.56%).
The BSE Realty index was at 2,252.81 up by 62.84 points or by (2.87%). The main gainers were DLF (5.75%), HDIL (4.65%), Indiabulls Real Est (3.64%) and Orbit Corp (2.86%).
The BSE CG index was at 13,262.52 up by 200.10 points or by (1.53%). The main gainers were Lakshmi Mach (2.68%), L&T (2.43%), Usha Martin (2.24%) and BHEL (1.62%).
The leading Asian bourses are trading higher as Hang Seng, Taiwan weighted and Jakarta Composite are trading higher by 426.01, 43.02 and 38.33 points respectively.
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