The BSE Mid-cap Index is trading up 0.54% at 11,004, whereas BSE Small-cap Index is trading up 0.62% at 11,456.
The recent fears of Fed speeding up its rate hike have taken a back seat following retail sales disappointment in the US. Investors will rest comfortable that the hike, as and when they come will be a while away.
A lot is happening in Parliament these days and the Insurance Bill getting cleared in Parliament is being cheered by the industry. It also shows that parties can get together when the need arises and push reforms. The positive sentiment from global markets and such developments should keep the market in good cheer at start.
At 9:29 AM, the S&P BSE Sensex is trading at 29,061 up 131 points, while NSE Nifty is trading at 8,814 up 38 points.
The BSE Mid-cap Index is trading up 0.54% at 11,004, whereas BSE Small-cap Index is trading up 0.62% at 11,456.
Some buying activity is seen in bankex, capital goods,metal, oil and gas and consumer durable sectors, while fmcg sector is showing weakness on BSE.
ICICI Bank, Infosys, HDFC, Coal India, Wipro and L&T are among the gainers, whereas Godrej Consumer products, HCL Tech, Unitech, Gail, HUL, Tata Motors, are losing sheen on BSE.
CBI searches in Delhi and Mumbai over government document leaks has resulted in revelations that eight companies were recipients of stolen documents. These firms include DLF, HDFC Bank, Glenmark Pharmaceuticals, IndusInd Bank, Novalead Pharmaceuticals, Kakardi British Realty, Modril India and Prime Living.
The government is reportedly planning to establish a separate Ministry for the pharmaceuticals sector.The Minister added that the separate Ministry should work as both facilitator as well as regulator for the sector.
The government pitched for a credit rating upgrade with Fitch, says report. Finance Ministry reportedly said that India's macroeconomic indicators warrant an upgrade in a meeting with Fitch Officials, "There is no reason why India should not be upgraded," Chief Economic Advisor Subramanian said.
The Insurance Regulatory Development Authority (IRDA) will get more teeth once the insurance reforms begin to attract more foreign funds in the sector. The regulator, for instance, will have more powers to levy higher penalty, impose a ceiling on expense management, and fix remuneration for agents, says a report.
Among sectors, the CNX Finance index has spurted a per cent at 7,964. The Bank Nifty, Metal, PSU Bank, Realty and Infra indices are the other notable gainers.
In Nifty-50 stocks - HDFC and ICICI Bank have surged almost 2 per cent each at Rs. 1,358 and Rs. 344, respectively.
IDFC, Cairn India, ONGC and Ambuja Cement are the other prominent gainers.
On the other hand, Jindal Steel is the top loser, down over a per cent at Rs. 192.
A lot is happening in Parliament these days and the Insurance Bill getting cleared in Parliament is being cheered by the industry. It also shows that parties can get together when the need arises and push reforms. The positive sentiment from global markets and such developments should keep the market in good cheer at start.
At 9:29 AM, the S&P BSE Sensex is trading at 29,061 up 131 points, while NSE Nifty is trading at 8,814 up 38 points.
The BSE Mid-cap Index is trading up 0.54% at 11,004, whereas BSE Small-cap Index is trading up 0.62% at 11,456.
Some buying activity is seen in bankex, capital goods,metal, oil and gas and consumer durable sectors, while fmcg sector is showing weakness on BSE.
ICICI Bank, Infosys, HDFC, Coal India, Wipro and L&T are among the gainers, whereas Godrej Consumer products, HCL Tech, Unitech, Gail, HUL, Tata Motors, are losing sheen on BSE.
CBI searches in Delhi and Mumbai over government document leaks has resulted in revelations that eight companies were recipients of stolen documents. These firms include DLF, HDFC Bank, Glenmark Pharmaceuticals, IndusInd Bank, Novalead Pharmaceuticals, Kakardi British Realty, Modril India and Prime Living.
The government is reportedly planning to establish a separate Ministry for the pharmaceuticals sector.The Minister added that the separate Ministry should work as both facilitator as well as regulator for the sector.
The government pitched for a credit rating upgrade with Fitch, says report. Finance Ministry reportedly said that India's macroeconomic indicators warrant an upgrade in a meeting with Fitch Officials, "There is no reason why India should not be upgraded," Chief Economic Advisor Subramanian said.
The Insurance Regulatory Development Authority (IRDA) will get more teeth once the insurance reforms begin to attract more foreign funds in the sector. The regulator, for instance, will have more powers to levy higher penalty, impose a ceiling on expense management, and fix remuneration for agents, says a report.
Among sectors, the CNX Finance index has spurted a per cent at 7,964. The Bank Nifty, Metal, PSU Bank, Realty and Infra indices are the other notable gainers.
In Nifty-50 stocks - HDFC and ICICI Bank have surged almost 2 per cent each at Rs. 1,358 and Rs. 344, respectively.
IDFC, Cairn India, ONGC and Ambuja Cement are the other prominent gainers.
On the other hand, Jindal Steel is the top loser, down over a per cent at Rs. 192.
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