The BSE Mid-cap Index is trading up 0.70% at 10,489, whereas BSE Small-cap Index is trading up 0.98% at 11,052.
At 9:26 AM, the S&P BSE Sensex is trading at 27,214 up 202 points, while NSE Nifty is trading at 8,240 up 58 points.
The BSE Mid-cap Index is trading up 0.70% at 10,489, whereas BSE Small-cap Index is trading up 0.98% at 11,052.
Maruti Suzuki, Sesa Sterlite, ONGC, Hindalco Industries, M&M and Cipla are among the gainers, whereas Bharti Airtel, L&T, Bajaj Auto and NTPC are losing sheen on BSE.
Whether the momentum can be maintained remains to be seen as the 200-DMA will remain in focus for a while and triggers are hard to come by on the positive side. The indices have shed nearly 10% from their March highs and investors will hope the market finds support around the current levels.
The PMI numbers today will be watched. Global cues are subdued even though US markets ended higher on Friday. Asian markets are mostly lower with Hang Seng and Shanghai trading in the red.
Aditya Birla Group stocks could see action after it consolidated its fashion retail business under the listed entity, Pantaloons Fashion and Retail, which has been rechristened as Aditya Birla Fashion and Retail. Aditya Birla Nuvo will spin off its wholly-owned subsidiary, Madura Garments Lifestyle Retail Company, to merge it with the new entity, which will have a combined turnover of Rs. 5,290 crore.
Nifty lost ~3.4% in April and the week gone by may be best forgotten for most companies especially the top 10 companies on the bourses by market-cap. Except for ICICI Bank, all of them shed weight as the market witnessed a sell-off on most days.
The combined market cap erosion was to the tune of nearly Rs. 66,000 crore as stocks like TCS, RIL, ONGC and ITC saw losses. ITC lost close to Rs. 20,000 crore in market cap while ONGC shed a little over Rs. 9500 crore. Coal India lost over Rs. 8000 crore while Infosys shed weight by over Rs6000 crore in market cap. ICICI Bank bucked the trend and added around Rs. 13,500 crore to its market cap.
Bank of India, Union Bank of India and Allahabad Bank have sought exemption from payment of dividend citing higher provisioning for non-performing assets (NPAs), says a report.
The BSE Mid-cap Index is trading up 0.70% at 10,489, whereas BSE Small-cap Index is trading up 0.98% at 11,052.
Maruti Suzuki, Sesa Sterlite, ONGC, Hindalco Industries, M&M and Cipla are among the gainers, whereas Bharti Airtel, L&T, Bajaj Auto and NTPC are losing sheen on BSE.
Whether the momentum can be maintained remains to be seen as the 200-DMA will remain in focus for a while and triggers are hard to come by on the positive side. The indices have shed nearly 10% from their March highs and investors will hope the market finds support around the current levels.
The PMI numbers today will be watched. Global cues are subdued even though US markets ended higher on Friday. Asian markets are mostly lower with Hang Seng and Shanghai trading in the red.
Aditya Birla Group stocks could see action after it consolidated its fashion retail business under the listed entity, Pantaloons Fashion and Retail, which has been rechristened as Aditya Birla Fashion and Retail. Aditya Birla Nuvo will spin off its wholly-owned subsidiary, Madura Garments Lifestyle Retail Company, to merge it with the new entity, which will have a combined turnover of Rs. 5,290 crore.
Nifty lost ~3.4% in April and the week gone by may be best forgotten for most companies especially the top 10 companies on the bourses by market-cap. Except for ICICI Bank, all of them shed weight as the market witnessed a sell-off on most days.
The combined market cap erosion was to the tune of nearly Rs. 66,000 crore as stocks like TCS, RIL, ONGC and ITC saw losses. ITC lost close to Rs. 20,000 crore in market cap while ONGC shed a little over Rs. 9500 crore. Coal India lost over Rs. 8000 crore while Infosys shed weight by over Rs6000 crore in market cap. ICICI Bank bucked the trend and added around Rs. 13,500 crore to its market cap.
Bank of India, Union Bank of India and Allahabad Bank have sought exemption from payment of dividend citing higher provisioning for non-performing assets (NPAs), says a report.
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