9:44AM: The BSE Sensex is trading up76 points at 24,626, while S&P Nifty is trading up 16 points at 7,334. BSE Mid-cap is up 0.87% at 8,502, while BSE Small-cap is up 1.23% at 8,992. Some buying activity is seen in capital goods, banking and IT sectors on BSE, while metal, auto and FMCG sectors are showing weakness. BHEL, Hero MotoCorp, Maruti Suzuki, L&T and ICICI are among the gainers, whereas Coal India, Tata Motors, SSLT, Hindalco and Bajaj Auto are losing sheen on BSE.
Stock news: Rane Holdings Ltd, holding company of Rane Group, reported over six-fold increase in net profit at Rs 32.17 crore for the fourth quarter ended March 31, 2014. The company had reported a net profit of Rs 5.15 crore during the same period of the previous year. The scrip is trading up 5.67% on BSE.
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