The market breadth is marginally positive - out of 1,700 stocks traded on the NSE, 742 have advanced and 714 have declined so far.
The cement shares have helped the Nifty limit its losses even as the Sensex seems to trade on a slippery ground.
At 1:45 PM, the BSE Sensex is down 35 points at 29,326, while the Nifty is up 11 points at 8,913.
Cement shares are in demand on hopes of higher sales taking cues from the government's infrastructure development plans in Budget 2015.
UltraTech Cement has soared over 6 per cent to Rs. 3,331. Grasim has surged over 5 per cent to Rs. 3,950. ACC and Ambuja Cements have rallied over 4 per cent each to Rs. 1,747 and Rs. 281, respectively.
Among the other Nifty stocks - BPCL has surged nearly 5 per cent to Rs. 781 on the back of around Rs. 3 hike on diesel and petrol.
Index heavyweights - Axis Bank and Larsen & Toubro have advanced over 3.5 per cent each to Rs. 636 and Rs. 1,831, respectively.
BHEL, Lupin and Cipla have gained 3 per cent each at Rs. 270, Rs. 1,798 and Rs. 701, respectively.
On the other hand, ITC continues to remain the major dragger - down 4 per cent at Rs. 347 following brokerage downgrades owing to the steep excise duty hike proposed in the Union Budget.
Bajaj Auto too has slipped over 4 per cent to Rs. 2,063 after the two-wheeler maker announced a 22 per cent drop in sales.
Jindal Steel, Tata Motors, Bank of Baroda, Hero MotoCorp and Mahindra & Mahindra are the other major losers.
The market breadth is marginally positive - out of 1,700 stocks traded on the NSE, 742 have advanced and 714 have declined so far.
At 1:45 PM, the BSE Sensex is down 35 points at 29,326, while the Nifty is up 11 points at 8,913.
Cement shares are in demand on hopes of higher sales taking cues from the government's infrastructure development plans in Budget 2015.
UltraTech Cement has soared over 6 per cent to Rs. 3,331. Grasim has surged over 5 per cent to Rs. 3,950. ACC and Ambuja Cements have rallied over 4 per cent each to Rs. 1,747 and Rs. 281, respectively.
Among the other Nifty stocks - BPCL has surged nearly 5 per cent to Rs. 781 on the back of around Rs. 3 hike on diesel and petrol.
Index heavyweights - Axis Bank and Larsen & Toubro have advanced over 3.5 per cent each to Rs. 636 and Rs. 1,831, respectively.
BHEL, Lupin and Cipla have gained 3 per cent each at Rs. 270, Rs. 1,798 and Rs. 701, respectively.
On the other hand, ITC continues to remain the major dragger - down 4 per cent at Rs. 347 following brokerage downgrades owing to the steep excise duty hike proposed in the Union Budget.
Bajaj Auto too has slipped over 4 per cent to Rs. 2,063 after the two-wheeler maker announced a 22 per cent drop in sales.
Jindal Steel, Tata Motors, Bank of Baroda, Hero MotoCorp and Mahindra & Mahindra are the other major losers.
The market breadth is marginally positive - out of 1,700 stocks traded on the NSE, 742 have advanced and 714 have declined so far.
No comments:
Post a Comment