Tuesday 10 September 2013

BSE Sensex is 600 pts up; capital goods, auto scrips strong

Some positive buying is seen in auto, capital goods, FMCG, consumer durables, power, realty, bamking, teck, PSU and IT sectors on BSE

At 2:42 PM (IST), S&P BSE Sensex is 621 points up at 19,891, while 50-share Nifty is 192 points up at 5,872.

BSE Mid-cap is 70 points up at 5,521, whereas BSE Small-cap is 57 points up at 5,401.

Some positive buying is seen in capital goods, auto, FMCG, consumer durables, power, realty, banking, metal, teck and IT sectors on BSE.

Tata Motors, L&T, HDFC, HUL, ITC, Hero MotoCorp, Bharti Airtel, M&M and Maruti Suzuki are up on BSE, whereas Dr Reddy's Lab, BHEL, TCS and Gail are showing some weakness.

Jaiprakash Power Ventures spurted 12.21% on reports the company may sell its two mega operating hydro-power projects in Himachal Pradesh to Abu Dhabi Water & Electric Authority.

Car-makers sold 133,486 cars in India last month, up 15.4% from a year ago, data from the Society of Indian Automobile Manufacturers (SIAM) showed on Tuesday.
Tata Motors is 9.19% up, whereas Mahindra & Mahindra is 4.28% higher.

Report said that TRAI has recommended reducing by up to 60% the base price of airwaves used by GSM operators which may bring relief to operators. Bharti Airtel is 4.66% up, Idea Cellular is 4.77% higher and Reliance Communications is 1.11% up on BSE.

Hero MotoCorp gained 5.13% on the news that the two-wheeler manufacturer has commenced construction of its Rs. 4.5 billion ‘Hero Centre of Global Innovation and Research & Design (R&D)’ at Kukas, near Jaipur in Rajasthan.

Pratibha Industries surged 9.28% on the news that it has won order worth Rs. 4.18 billion from PHED, Ajmer, Rajasthan.

Indraprastha Gas has revised prices of its compressed natural gas and piped natural gas in Delhi, Noida, Greater Noida and Ghaziabad. The scrip is 1.36% up on BSE.

Reliance Power, which is 0.87% down on BSE, has pulled out from proposed LNG terminal with Shell on the east coast, according to a media report.

Banks borrowed Rs. 552.78 billion from the Reserve Bank of India's marginal standing facility (MSF) window on September 6 for four days, higher than the Rs. 245.31 billion on September 5 for one day.

Nikkei closed 218 points up at 14,423, while Hang Seng closed 226 points up at 22,976.

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