Market opens positive
Market opens positive The 30-share BSE Sensex opening at 15,547.07, continues to trade in the positive terrain in the morning trades. Select stocks from auto, IT, banking, cement and realty led the advances. On the other hand, Asian stocks opened weak on Tuesday (September 18) on concerns that exports from the region would decline, due to a slowdown in US consumer spending. Market sentiments were further hurt after Bank of America said that the subprime-mortgage crisis would curb earnings. The BSE Sensex is trading at 15,550.22, up 45.79 points, while NSE Nifty is trading at 4,507.50, up 12.85 points (10.14 a.m).
The BSE Midcap rose 0.69%, while BSE Smallcap rose 0.86%.
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Bhupendra Sharma, vice president, Hornic Investments, said that the
Out of the total 1,620 shares traded at the BSE, 1,110 advanced, 471 declined while 39 remained unchanged.
Amongst the sectoral indices, BSE Auto rose 0.04%, BSE Bankex rose 0.52%, BSE Realty rose 0.36%, and BSE IT rose 0.14%.
Key gainers amongst the Sensex includ e ICICI Bank, which gained 0.92% to touch Rs 903.00, followed by Ambuja Cement which rose 0.86% at Rs 146.45 and NTPC rose 0.82% at Rs 184.25.
BHEL, Tata Steel, Grasim, HUL, SBI and Reliance Energy also moved up.
Losers at the BSE Sensex were HDFC Bank which declined 0.91% at Rs 1,214.95, HDFC dipped 0.81% at Rs 2,165.00 and Tata Motors declined 0.46% at Rs 693.10.
Equity shares of Nagreeka Capital & Infrastructure, the demerged entity of Kolkata-based textile manufacturer Nagreeka Exports, got listed for trading at the bourses today (September 18).
The scrip opened at a premium of 20%, at Rs 114, as compared to the base price of Rs 95. It got locked up in 20% upper circuit on listing. (9.56 a.m)
