Market opens firm
Market opens firm The 30-share BSE Sensex opening at 15,664.74, continues to trade on a firm note in the morning trades. Select stocks from auto, IT, banking, pharma and realty led the advances. On the other hand, Asian stocks opened negative on Monday (September 17) after ending its four-day gaining streak. World`s largest mining company BHP Billiton, which slipped 1.4%, after the drop in crude oil prices, led the declines. Electronic giant Samsung Electronics also declined, touching its three month low.
The BSE Midcap rose 0.65%, while BSE Smallcap rose 1.11%.
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Bhaskar Babu, head of broking, PINC, said that market will trade rangebound. He is bullish on metals, banking and auto sector and recommends Sterlite Industries and TISCO for buying.
Out of the total 1,508 shares traded at the BSE, 1,175 advanced, 305 declined while 28 remained unchanged.
Amongst the sectoral indices, BSE Auto rose 0.38%, BSE Bankex rose 0.43%, BSE Realty rose 0.20%, and BSE IT rose 0.32%.
Key gainers amongst the Sensex include Dr Reddy`s, which gained 1.50% to touch Rs 650.00, followed by NTPC which rose 1.48% at Rs 188.40 and Bajaj Auto rose 1.40% at Rs 2,410.00.
ITC, Reliance Energy, Grasim, HDFC Bank and SBI also moved up.
Currently there are no losers at the BSE Sensex.
