|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Trading got off to a buoyant start on the Indian bourses this morning as a firm trend in Asian markets amid a slew of encouraging economic data, lifted sentiment and triggered some strong buying at several blue chip counters.
The recent upward revision in rating for Indian stocks by Goldman Sachs, the stable rating given to India's sovereign credit by Moody's and expectations of speedier reforms too contributed to the rousing start.
However, with a section of investors choosing to tread cautiously ahead of release of the GDP data for the September quarter, the market gave up some early gains subsequently.
The BSE benchmark Sensex, which spurted more than 150 points to 19,323.52 in early trades, is currently at 19,250.85, up 79.94 points or 0.4% from its previous close. The Nifty index of the National Stock Exchange is up 23.30 points or 0.4% at 5848.30, off an early high of 5865.85.
Realty stocks, which posted strong gains in recent sessions, have extended their upmove on strong buying support. Consumer durables, metal, healthcare, bank and capital goods stocks are also mostly trading in positive territory.
Power and information technology stocks, which were a bit subdued in the previous session, are edging higher this morning. Oil, automobile and FMCG stocks are trading mixed.
HDFC, the top gainer in the Sensex at present, is up 2.3% at Rs 840. Sterlite Industries is trading 2.2% up at Rs 107.50. BHEL, Hero Motocorp, ICICI Bank, Jindal Steel & Power, Cipla, ONGC, Hindalco, Tata Steel, State Bank of India, Dr Reddy's Laboratories, Wipro and Infosys are up 1% - 1.8%.
Bharti Airtel is trading 0.5% up at Rs 332. The telecom major's tower arm, Bharti Infratel, has reportedly received the regulatory approval for proposed initial public offering, which is likely to hit the market on 10 December 2012.
HCL Technologies, Cairn India, Jaiprakash Associates, Punjab National Bank, IDFC, Siemens, Bank of Baroda, Sesa Goa, Reliance Infrastructure and Power Grid Corporation are up with sharp to moderate gains.
Reliance Industries is down with a loss of 0.7% at Rs 793. According to data available, the company has bought back 4.62 crore shares for about of Rs 3357 crore till 27 November 2012 under its ongoing share buyback program. RIL has set aside Rs 10,440 crore for the share buyback, which opened in Februay 2012. It closes in mid-January 2013.