Some buying activity is seen in realty, healthcare, banking and consumer durables sectors on BSE, while auto, metal, FMCG and oil & gas are losing sheen.
At 12:55 PM, S&P BSE Sensex is 20,987 up 58 points, while CNX Nifty is at 6,239 up 18 points.
BSE Mid-cap is at 6,030 up 24 points, while BSE Small-cap is at 5,872 up 44 points.
Some buying activity is seen in realty, healthcare, banking and consumer durables sectors on BSE, while auto, metal, FMCG and oil & gas are losing sheen.
Bharti Airtel, Dr Reddy's Lab, ICICI Bank, BHEL, Bajaj Auto, HDFC and TCS are up on BSE, whereas Wipro, M&M, SSLT, Tata Power, L&T, Tata Motors and ONGC are showing some weakness.
Bharti Airtel gained 4.37% on the news that the company posted a net profit of Rs. 17844 million for the quarter ended September 30, 2013 as compared to Rs. 17916 million for the quarter ended September 30, 2012.
Reliance Industries has overtaken ONGC to emerge as the top Indian firm in the Platts Top 250 Global Energy Company Rankings for 2013. ONGC held on its 22nd ranking. RIL is 0.08% up on BSE.
Tata Steel is planning to cut jobs at Scunthorpe, Workington, Teeside, according to media reports. The scrip is 0.2% up on BSE.
Ranbaxy Laboratories's consolidated sales were Rs. 27.5 bn (Q3’12: Sales Rs. 26.7 bn) impacted by the new pricing policy and trade concerns in India and the absence of any post exclusivity sales during the quarter. Ranbaxy is 0.12% down on BSE.
McNally Bharat Engineering is 2.43% up on BSE. The company's South African subsidiary received an order worth Rs2.29bn to set up a fluorspar beneficiation plant for miner Sephaku Fluoride Ltd in that country.
The RBI (Reserve Bank of India) in its Second-Quarter Review of Monetary Policy 2013-14 on Tuesday hiked the repo rate by 25 bps (basis points) to 7.75%. The central bank kept the CRR (cash reserve ratio) unchanged at 4%.
The repo rate is the rate at which banks borrow from RBI and one basis point is equivalent to 0.01%.
RBI Governor Raghuram Rajan, in his second policy review, has cut MSF (marginal standing facility) rate to 25 bps to 8.75%. The central bank expects GDP at 5% in FY13-14 and CPI to remain at or above 9%.
BSE Mid-cap is at 6,030 up 24 points, while BSE Small-cap is at 5,872 up 44 points.
Some buying activity is seen in realty, healthcare, banking and consumer durables sectors on BSE, while auto, metal, FMCG and oil & gas are losing sheen.
Bharti Airtel, Dr Reddy's Lab, ICICI Bank, BHEL, Bajaj Auto, HDFC and TCS are up on BSE, whereas Wipro, M&M, SSLT, Tata Power, L&T, Tata Motors and ONGC are showing some weakness.
Bharti Airtel gained 4.37% on the news that the company posted a net profit of Rs. 17844 million for the quarter ended September 30, 2013 as compared to Rs. 17916 million for the quarter ended September 30, 2012.
Reliance Industries has overtaken ONGC to emerge as the top Indian firm in the Platts Top 250 Global Energy Company Rankings for 2013. ONGC held on its 22nd ranking. RIL is 0.08% up on BSE.
Tata Steel is planning to cut jobs at Scunthorpe, Workington, Teeside, according to media reports. The scrip is 0.2% up on BSE.
Ranbaxy Laboratories's consolidated sales were Rs. 27.5 bn (Q3’12: Sales Rs. 26.7 bn) impacted by the new pricing policy and trade concerns in India and the absence of any post exclusivity sales during the quarter. Ranbaxy is 0.12% down on BSE.
McNally Bharat Engineering is 2.43% up on BSE. The company's South African subsidiary received an order worth Rs2.29bn to set up a fluorspar beneficiation plant for miner Sephaku Fluoride Ltd in that country.
The RBI (Reserve Bank of India) in its Second-Quarter Review of Monetary Policy 2013-14 on Tuesday hiked the repo rate by 25 bps (basis points) to 7.75%. The central bank kept the CRR (cash reserve ratio) unchanged at 4%.
The repo rate is the rate at which banks borrow from RBI and one basis point is equivalent to 0.01%.
RBI Governor Raghuram Rajan, in his second policy review, has cut MSF (marginal standing facility) rate to 25 bps to 8.75%. The central bank expects GDP at 5% in FY13-14 and CPI to remain at or above 9%.
The Federal is expected to maintain the pace of its monetary stimulus today.
Nikkei closed 176 points up at 14,502, while Hang Seng is at 234 points up at 23,043.
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