At 9:17am (IST), the BSE Sensex was trading at 19667, up 31 points over the previous close. It had earlier touched a day's high of 19742 and a day's low of 19660. It opened at 19717.
The NSE Nifty was quoting at 5,945 up 11 points over the previous close. It earlier touched a day’s high of 5,971 and a day’s low of 5945. It opened at 5,996.
Reliance Inds, Hero Motocorp, Wipro, Coal India, TCS, Sun Pharma.Inds, HDFC Bank are among gainers in Sensex and Nifty.
Cipla, Hind. Unilever, Maruti Suzuki, Sterlite Inds, NTPC, Tata Motors, Hindalco Inds, ICICI Bank, BHEL, Bajaj Auto, Jindal Steel are among losers in Sensex and Nifty.
The BSE Small-Cap index and BSE Mid- Cap index are trading up 0.6% and 0.2% respectively.
Realty, Oil and Gas, IT, Teck, PSU, Bankex, Power and Capital Goods are the gainers.
Consumer Durables, Auto and FMCG indices are the loser.
Reliance Industries Ltd. is up 1.4% after Europe’s second biggest oil company British Petroleum Plc, Europe's, and Reliance Industries agreed to invest $5 billion in developing untapped gas reserves in the KG-D6 block to boost gas production. The stock is currently trading at Rs.860 up by 11.45 over the previous close in the early morning session trade on BSE. The stock hit a high of Rs.862.80 and a low of Rs. 856.35. Total traded quantity stood at 0.21lakh.
Binani Industries Ltd. surged almost 12% in the morning session trade on BSE building on the 40% stake sale plan. The company is reportedly in talks with JP Morgan and middle-east state funds to sell 40% of its stake in its subsidiary Binani cement. The stake is reportedly set to be valued at Rs.32bn. The stock is currently trading at Rs.122.55 up by 12.55 over the previous close in the early morning session trade on BSE. The stock hit a high of Rs.126 and a low of Rs. 115. Total traded quantity stood at 1.11lakh.
Zylog system Ltd. is up almost 5% after the reports came out that the company is planning to infuse funds to cut back some of the debt and to fund its increased working capital requirement, according to reports. Reports stated that the company plans to raise $20-30 mn from overseas investors before April. The company is in talks with various funds in Singapore and Hong Kong to raise the amount, Sudharshan Venkatraman, Managing Director, Zylog reported.The stock is currently trading at a day’s high of Rs.67.40 up by 3.20 over the previous close in the early morning session trade on BSE. The stock hit a high of Rs.67.40 and a low of Rs. 66.20. Total traded quantity stood at 0.72 lakh.
Results watch: Nestle India, Abbott India, Krishna Ferro, Rain Commodities, Shree Digvijay.
Trends in FII flows: The FIIs were net sellers of Rs1.81bn in the cash segment on Tuesday, while the domestic institutional investors (DIIs) were net buyers of Rs246.7mn, as per the provisional figures released by the NSE.
As on February 18, FIIs poured in Rs 1,47,268.2 crore into the Indian markets on net terms (inflow minus outflow). This is higher than Rs 1,46,438.1 crore that was invested in FY 2010-11.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.