The investors gained confidence which led all the sectors trade in green. This has helped the market to advance its gains and recover its last days loses. On the sectoral front, sectors such as CD and Realty are witnessing heavy buying support. Both the benchmark indices and broader market are trading in the positive zone.
The broader market indices are trading positive as BSE Mid Cap and BSE Small Cap are trading up by 1.59% and 1.68% respectively. The key benchmark indices are trading at BSE 30-share Sensex above 18,415 mark, while Nifty is above the 5,520 mark.
At 12.20 PM BSE SENSEX was trading at 18,417.86 up by 250.22 points (1.38%) and the NSE Nifty was trading at 5,524.55 up by 74.90 points (1.37%).
The BSE MIDCAP was at 6,570.68 up by 102.82 points (1.59%) and the BSE SMLCAP was at 7,922.20 up by 130.87 points (1.68%).
On the economic front, repo rate should be the single policy rate to definitely signal monetary policy position to realize macroeconomic objectives of growth with price stability. The repo rate should operate between Bank Rate and the reverse repo rate. The Bank Rate will constitute the upper bound of the corridor while reserve repo rate would be the lower bound. The optimal width should be fixed at 150 bps and should not be changed in normal circumstances.
On the corporate front, IVRCL Infrastructures and Projects Ltd rose by 3.09% to Rs 73.50 after the company has bagged order worth Rs5.64bn.
Coal India Ltd. rose by 2% to Rs. 344.5 following reports the company may increase coal prices again by August 2011
At present, the market breadth indicating the overall health is positive with 1,811 stocks advancing, 777 shares declining and 80 stocks are left unchanged. Further, the overall market breadth is positive as all the 13 sectoral indices are trading higher.
Gainers from the Sensex Pact till now are Reliance Infra (5%), Reliance Comm (3.37%), DLF (2.44%) and ICICI Bank (2.17%).The broader market indices are trading positive as BSE Mid Cap and BSE Small Cap are trading up by 1.59% and 1.68% respectively. The key benchmark indices are trading at BSE 30-share Sensex above 18,415 mark, while Nifty is above the 5,520 mark.
At 12.20 PM BSE SENSEX was trading at 18,417.86 up by 250.22 points (1.38%) and the NSE Nifty was trading at 5,524.55 up by 74.90 points (1.37%).
The BSE MIDCAP was at 6,570.68 up by 102.82 points (1.59%) and the BSE SMLCAP was at 7,922.20 up by 130.87 points (1.68%).
On the economic front, repo rate should be the single policy rate to definitely signal monetary policy position to realize macroeconomic objectives of growth with price stability. The repo rate should operate between Bank Rate and the reverse repo rate. The Bank Rate will constitute the upper bound of the corridor while reserve repo rate would be the lower bound. The optimal width should be fixed at 150 bps and should not be changed in normal circumstances.
On the corporate front, IVRCL Infrastructures and Projects Ltd rose by 3.09% to Rs 73.50 after the company has bagged order worth Rs5.64bn.
Coal India Ltd. rose by 2% to Rs. 344.5 following reports the company may increase coal prices again by August 2011
At present, the market breadth indicating the overall health is positive with 1,811 stocks advancing, 777 shares declining and 80 stocks are left unchanged. Further, the overall market breadth is positive as all the 13 sectoral indices are trading higher.
The BSE CD was at 5,878.94 up by 131.26 points or by (2.28%). The main gainers were VIP Inds (10.51%), Whirlpool (5.39%), Titan Ids (2.06%) and Blue Star (1.49%).
The BSE REALTY was at 2,097.1 up by 43.41 points or by (2.11%). The main gainers were Parsvanth Dev (6.33%), Unitech (2.71%), DLF (2.44%) and Indiabulls Real Est (2.19%).
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Trend for Commodity 30-Jan
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RES 1: 44650
RES 2: 45100
SUPP 1: 44000
SUPP 2: 43850
STRATEGY: BUY ON DIPS
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